June 10, 2020 / 6:51 AM / a month ago

UPDATE 1-Spanish stocks - Factors to watch on June 10

(Adds Inditex’s first ever quarterly loss)

June 10 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

INDITEX

Spanish Inditex reported on Wednesday its first-ever quarterly loss, with a net loss of 409 million euros ($464.54 million) on its first quarter. Zara owner also announced a total annual capital expenditure of around 900 million euros during the 2020-2022 period and the proposal to pay an ordinary dividend from the 2019 results of 0.35 euro gross per share to be paid on November 2.

BANCO SANTANDER BRASIL, BANCO SANTANDER

Banco Santander Brasil has denied it plans to lay off 20% of its workforce in Brazil as reported by newspaper Folha de S. Paulo, the bank said in a statement sent to Reuters.

FERROVIAL

Polish construction company, Budimex, announced on Tuesday the sale of up to 1.3 million of its shares, 5% of company’s share capital, by Ferrovial.

AENA

Aena will add the costs of increased COVID-19 safety measures to the airlines’ fees, newspaper Cinco Dias reported.

ACS, FERROVIAL

ACS and Ferrovial compete for a 2 billion euro concession in Washington, Cinco Dias reported.

ACS

ACS has reached an agreement to give up the Port of Aberdeen expansion project due to COVID-19, according to the Spanish newspaper Expansion.

TELEFONICA, ORANGE

Orange seeks a partner to challenge Telefonica on the alarm business, according to Expansion.

GRIFOLS

Berenberg cuts target price to 34 euros from 35 euros.

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