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Deutsche Bank has launched Bizum, a popular mobile payment solution, for its corporate clients in Spain, becoming the first international bank to do so. This initiative allows both foreign multinationals and national businesses with a virtual POS service to accept Bizum payments, enhancing their e-commerce capabilities.With over 28.5 million users and approximately 3.75 billion transactions, Bizum is recognized for its speed and simplicity, enabling purchases in an average of 22 seconds. This expansion signifies Deutsche Bank's commitment to innovative payment solutions and support for evolving business models.
UBS has downgraded Spanish builder ACS to "neutral" from "buy," citing a balanced risk-reward profile and limited upside following a strong re-rating of the stock, which is up nearly 13% year-to-date. The firm notes that consensus estimates are at the top of the 2025 net income guidance range, with valuation now at approximately 18x 2025E earnings. While substantial German infrastructure investment growth is expected, ACS's exposure to Germany is only about 2% of sales, and risks related to data center equity investments remain. Out of 19 analysts covering ACS, two rate it "strong buy," 15 "hold," and two "sell."
Banco Santander SA will continue to prioritize its operations in the US and Latin America, despite potential growth opportunities in Europe, according to Chairman Ana Botin. The bank is expanding its presence in the Americas, including the successful launch of its digital bank, Openbank, which has attracted nearly 100,000 customers in the US. While acknowledging the positive impact of increased public spending in Europe, Botin emphasized that the focus remains on the Americas.
Banco Santander's stock reached a new 52-week high of GBX 538 ($6.99) during trading, reflecting a 2.1% increase. With a market capitalization of £98.75 billion, the company operates in various financial sectors, including retail banking and corporate finance. Despite its recent performance, analysts have rated it as a Hold, suggesting that other stocks may offer better investment opportunities.
Barclays has upgraded Endesa to "overweight" from "equal-weight," citing growth potential linked to investments in distribution networks and regulated power generation. The firm highlights the significance of the Almaraz 1 nuclear plant's life extension application, which could lead to renegotiation of the 2019 shutdown agreement, benefiting utilities and consumers alike. Endesa's low leverage allows for expected dividend increases over the next three years, with a target price raised by 9% to €26.4 per share.
Spanish Bank Santander has partnered with Verizon Communications to enhance its expansion efforts in the U.S. This collaboration aims to strengthen Santander's presence in the American market, leveraging Verizon's extensive telecommunications network.
Santander plans to expand its U.S. operations through a partnership with Verizon, allowing select Verizon customers to earn bill credits by opening high-yield savings accounts on Santander's new digital banking platform. The bank is also exploring additional partnerships to establish itself as a full-service digital bank in the U.S.
Morgan Stanley has downgraded Iberdrola from "overweight" to "equal weight" following a strong performance over the past year, citing a premium valuation that contrasts with the broader Utilities sector. The target price has been reduced by over 3% to 14.5 euros. Despite this, Iberdrola is expected to remain a core holding for many investors amid macroeconomic uncertainty, with 11 out of 27 analysts still rating the stock as "strong buy" or "buy."
Julius Baer is set to open a new branch in Milan in the first half of 2025, targeting wealthy private clients and family offices. Roberto Coletta, formerly of Deutsche Bank and Credit Suisse, will lead the Italian operations, reporting to Falk Fischer, CEO of Julius Baer Europe. This expansion enhances the bank's presence in Europe and its offerings for affluent clients.
Manchester United has announced a 5% increase in season ticket prices for the 2025-26 season, despite calls from fan groups for a freeze. While under-16 ticket prices remain unchanged, the club is introducing a new pricing structure for high-profile matches. This decision comes amid ongoing financial challenges, with cumulative losses of £410 million over the past seven years.
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deutsche bank introduces bizum payment solution for businesses in spain
11:48 18.03.2025
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santander prioritizes americas over europe despite potential growth in region
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Barclays upgrades Endesa citing nuclear extension benefits and growth potential
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santander partners with verizon to expand us digital banking services
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Morgan Stanley downgrades Iberdrola to equal weight amid valuation concerns
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julius baer expands into italy with new branch in milan
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