EU FINANCIALS: Sabadell Share Price Pops on TSB sale

Jul-02 08:34

(SABSM Baa1/BBB+/BBB) Sabadell share price 2.84 (+5.26%)

  • Post the news Sabadell CEO noted a cash dividend is likely
  • "*SABADELL CEO: PAYING CASH DIVIDEND IS RIGHT THING TO DO" - BBG
  • If Sabadell share price is 2.84 and BBVA at 13.04, it implies a -9.6% discount on the current offer terms.

Historical bullets

MNI: UK MAY FINAL MANUFACTURING PMI 46.4 (45.1 FLASH, 45.4 APRIL)

Jun-02 08:31
  • UK MAY FINAL MANUFACTURING PMI 46.4 (45.1 FLASH, 45.4 APRIL)

MNI: UK BOE APR MORTGAGE APPROVALS 60,463

Jun-02 08:30
  • MNI: UK BOE APR MORTGAGE APPROVALS 60,463
  • UK BOE APR SECURED LENDING GBP-0.76 BLN
  • UK BOE APR CONSUMER CREDIT GBP1.58 BLN

MNI: UK APR M4 MONEY SUPPLY +0% M/M, +3.2% Y/Y

Jun-02 08:30
  • MNI: UK APR M4 MONEY SUPPLY +0% M/M, +3.2% Y/Y