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Morgan Stanley analyst Alvaro Serrano has maintained a Buy rating on Banco Santander, with a price target of €7.40, citing the bank's strong strategic positioning and financial resilience. Key factors include a commitment to a robust capital position, a target CET1 ratio of 12% rising to 13% by 2025, and a focus on organic growth and digital transformation. Additionally, Santander's management of interest rate sensitivity in Brazil and enhancements in the US Consumer business further bolster its growth potential.
Deutsche Bank has initiated coverage of Ferrovial with a "buy" rating, citing the strong pricing power of its toll roads unit. Factors such as population growth, rising disposable incomes, and limited price elasticity enhance the business's prospects, with the bank projecting over 40% upside in three years, excluding new project wins. Among 22 analysts, 15 recommend the stock as a "strong buy" or "buy."
Santander will close 95 bank branches this year, risking 750 jobs, due to the rise of online banking and changing customer habits. The closures will start in June, with 36 branches reducing hours and 18 converting to counter-free hubs. The bank is also investing in its new Work Cafés, offering co-working spaces with superfast WiFi.
VINCI is the leading global player in construction, concessions, and related services, with sales primarily from design and construction (44.1%), energy and telecoms infrastructure (38.1%), and outsourced infrastructure management (16.2%). Geographically, the company generates 42.2% of its sales in France, followed by the UK (9.4%), Germany (7.8%), and other regions, including North America and Latin America.
Banco Santander will close 95 branches in the UK and put around 750 jobs at risk as part of efforts to enhance performance. The UK unit has faced challenges, prompting the bank to consider shifting resources to more profitable areas, particularly in the US and Latin America. Chairman Ana Botin indicated that divesting assets is not currently necessary.
Santander plans to close 95 branches across the UK, reducing its total to 349, due to a significant shift towards digital banking. The bank will deploy 95 community bankers to support local areas, while about 750 staff face redundancy. Critics argue that these closures may disadvantage rural customers, although Santander will continue to open "work cafés" for banking services.
The European real estate market is evolving in response to economic shifts, driven by five key factors: debt, deglobalization, demographics, decarbonization, and digitalization. The demand for logistics facilities has surged due to e-commerce growth, with investible logistics stock in major markets increasing from under 200 million square meters in 2012 to over 380 million today, leading to significant rent hikes. Investors are encouraged to adapt their strategies to capitalize on emerging opportunities in sectors like life sciences, residential housing, and energy-efficient buildings.
Santander UK is set to close several branches, putting approximately 750 jobs at risk. The banking group, Spain's largest, operates in commercial banking, investment banking, and asset management, managing over EUR 1 trillion in deposits and credits through a global network of 8,011 branches.
Santander UK is set to close several branches, putting approximately 750 jobs at risk. As Spain's largest banking group, Banco Santander, S.A. operates in commercial banking, investment banking, and asset management, managing over EUR 1 trillion in deposits and credits through a global network of 8,011 branches.
Santander UK announced that approximately 750 employees may face job losses due to the closure of 95 bank branches across Britain. Following this move, the bank's network will consist of 349 branches, including 290 full-service locations and 36 with reduced hours.
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