UPDATE 1-Spanish stocks - Factors to watch on May 12
Reuters
5/12/2021
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IBERDROLA
Spain's utility Iberdrola reported a 1.5% rise in first-quarter core earnings on Wednesday, supported by rapid building of renewable energy plants and investments in its network businesses.
The company also said on Tuesday it had implemented a buy-back programme for about 0.234 % of its share capital.
Telefonica
Telefonica, through its subsidiary Telefonica Tech, has strengthened its strategic alliance with Microsoft by signing an agreement that will allow it to accelerate the digital transformation of the industrial sector, Spanish economic newspaper Expansion reported on Wednesday.
Merlin Properties
Merlin has signed a turnkey project with Logista for a logistics development in the Corredor del Henares, Spain, Spanish economic newspaper Expansion reported on Wednesday.