Bloomberg News

Popular, Mapfre, Red Electica, Jeronimo: Iberia Equity Preview

May 04, 2011

The following companies may have unusual price changes in Spanish and Portuguese trading. Stock symbols are in parentheses and share prices are from the previous close.

Spain’s IBEX 35 (IBEX) Index fell 0.5 percent to 10,825.60. Portugal’s PSI-20 (PSI20) Index declined 0.6 percent to 7,666.45.

Spanish stocks:

Banco Popular Espanol SA (POP) : Spain’s third-biggest commercial bank is due to report first-quarter earnings before the market opens. The shares fell 1 percent to 4.06 euros.

Iberdrola Renovables SA (IBR SM): The wind energy producer will publish first-quarter earnings after the market closes in Madrid. The shares fell 0.5 percent to 3.10 euros.

Mapfre SA (MAP) : Spain’s biggest insurer will report first-quarter earnings. The shares fell 2.6 percent to 2.80 euros.

Red Electrica Corp. SA (REE) : The operator of Spain’s electricity transmission grid will report earnings before the market opens. The shares fell 1.4 percent to 43.07 euros.

Vueling Airlines SA (VLG) : The airline will report first-quarter earnings before the market opens in Madrid. The shares fell 1.3 percent to 9.38 euros.

Portuguese stocks:

EDP Renovaveis SA (EDPR) : The renewable-energy unit of Portuguese utility EDP-Energias de Portugal SA is scheduled to report first-quarter earnings. The stock dropped 1.3 percent to 5.18 euros.

Jeronimo Martins SGPS SA (JMT) : Portugal’s biggest retailer is scheduled to report first-quarter earnings. The shares gained 1.8 percent to 11.42 euros.

Brisa-Auto Estradas de Portugal SA (BRI PL): Portugal’s biggest toll-road company is scheduled to report first-quarter earnings. The stock gained 0.4 percent to 4.23 euros.

To contact the reporter on this story: Charles Penty in Madrid at cpenty@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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