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"LONDON: European shares were mixed on Thursday, with banks in Italy and Spain on the back foot following a recent rally while commodity stocks were boosted as Brent crude oil prices hit $50 a barrel for the first time since November.The STOXX Europe 600 was down 0.1 percent at 348.06, with the FTSEurofirst 300 flat. Both indexes hit a 4 week high in the previous session.Britain's FTSE 100, France's CAC and Germany's DAX were all flat to 0.3 percent higher, but peripheral euro zone ma", www.brecorder.com
"Banco Popular Espanol SA plunged after disclosing plans to sell about 2.5 billion euros ($2.8 billion) of new stock to cover losses from Spain’s decade-old property bubble as regulators press European banks to clean up their balance sheets.", www.bloomberg.com
"MADRID: Shares in Spanish bank Banco Popular lost over a fifth of their value Thursday after the bank asked shareholders to stump up more cash to clear up its balance sheet.In a rights issue worth 2.5 billion euros ($2.8 billion), the bank will create over two billion new shares at 1.25 euros between May 28 and June 11, it said in a regulatory filing. The bank's stock closed at 2.36 euros on Wednesday.`With this operation Popular will strengthen its balance sheet and improve its profitabilit", www.brecorder.com
"MILAN/LONDON: European shares steadied on Thursday, with banks coming under pressure after a surprise rights issue by Spain's Banco Popular fuelled fears others in the region may follow to strengthen their balance sheets.The pan-European STOXX Europe 600 was little changed by 1433 GMT, while the FTSEurofirst 300 added 0.1 percent. Both hit a four-week high in the previous session, helped by a two-day rally in banking stocks.Europe's banking sector index gave up part of those gains, falli", www.brecorder.com