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Pin to quick picksBanco Santander Share News (BNC)

Share Price Information for Banco Santander (BNC)

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Share Price: 415.00
Bid: 414.50
Ask: 415.50
Change: 2.50 (0.61%)
Spread: 1.00 (0.241%)
Open: 412.50
High: 415.00
Low: 412.50
Prev. Close: 412.50
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Santander reports 4% rise in annual profit despite weak British performance

Wed, 25th Jan 2017 09:18

(ShareCast News) - Spain's largest bank, Banco Santander, kicked off the country's earnings season on Wednesday by reporting a 4% increase in annual profit, despite lower profit through its operations in Britain.Total net profit for 2016 was €6.2bn, boosted by an improvement in credit concession and strong growth of 9.5% in its Brazilian business.The results of the final quarter of 2016 were also released by the Spanish entity, in which it surpassed analysts' estimates and its shares shot up 5% on the Ibex 35.A profit of €1.6bn was announced for the fourth quarter of the year, massively outperforming the same quarter in 2015, when it was €25m following a mis-selling compensation bill in Britain.The positive results from Santander come despite various obstacles in the last fiscal year, including doubts surrounding PPI in Britain, as well as its exposure to debt from an oil deal in the US. It will not be affected, however, by the so-called "floor clause" mortgage scandal which is likely to plague other Spanish banks in this results season."In 2016 Santander achieved very positive results and fulfilled our strategic objectives," said Santander executive chairman Ana Botín."Santander is one of the most profitable and efficient banks, thanks to the talent and work of our teams, which have contributed to excellent results, doing things in a simple, personal and fair way."
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24 Jun 2010 16:44

Post-results buying from Kesa directors

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9 Jun 2010 16:37

Titan chief wheels out share purchases

Titan Europe chief executive Mike Akers has added a total of 200,000 shares to his shareholding in the agricultural and construction vehicle wheels manufacturer following yesterday's trading update. AIM-quoted Titan said that its strong order book meant that it would perform ahead of budget in 201

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11 May 2010 16:40

New Connaught chairman invests £500,000

Newly appointed non-executive chairman Sir Roy Gardner has invested nearly £500,000 in social housing repairs group Connaught. He has bought 158,808 shares at 314.8p a share. He did not own any shares prior to the purchase. Sir Roy is an ex-chief executive of Centrica and the current chairman of

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5 May 2010 16:43

May buys Begbies in May

Non-executive director John May has acquired his first shares in corporate recovery firm Begbies Traynor since joining the board in October 2007. May has bought 62,500 shares at 79p each, which cost just over £49,000. This follows yesterday's announcement that Begbies has obtained enlarged credi

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26 Feb 2010 16:49

Communisis chairman buys

Peter Hickson, the chairman of print management and data analysis services provider Communisis, is buying shares following yesterday's results. A downturn in spending on direct mail promotions hit Communisis in 2009 and it cut its final dividend from 1.635p a share to 0.43p a share. The total divid

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11 Dec 2009 16:37

Galliford Try chief exec builds up stake

Greg Fitzgerald, chief executive of Galliford Try, has lifted his stake in the construction group. He took 13,490 shares at 296.5p a time, paying a total of about £40,000, and now has 585,008. Shares in the company have jumped by about 40% in the past year. Last week it announced its acquisitio

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13 Nov 2009 15:18

Option gain for Xstrata's Davis

Xstrata chief executive Mick Davis has raised £7.76m from selling shares in the Switzerland-based mining giant. The shares came from exercising options and Davis made a profit of £5.9m on their disposal. This gain comes less than one month after he made a near-£8m gain on the sale of another set o

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25 Sep 2009 16:58

GCM Resources chairman buys in

Coal mine developer GCM Resources' non-executive chairman Gerard Holden has bought nearly £45,000 worth of shares in the company. He took 50,000 at 89p a time. The shares closed at 92p going into the weekend. GCM is hoping to develop the Phulbari Coal project in Bangladesh, pending approval from

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23 Jun 2009 15:36

Ryanair chairman offloads shares

Ryanair's chairman David Bonderman has sold more than €1m worth of shares in the company. He offloaded 300,000 shares at €3.35 a time. Ryanair said that this amounts to about 0.02% of the company and that Bonderman now has about 0.93%. News of the share sale comes on the same day Ryanair said it

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17 Jun 2009 17:07

IFR Capital chief buys €1.5m worth

European food retail investor IFR Capital said chief executive Heiner Kamps has bought €1.5m worth of shares. Kamps acquired 6.3m shares for a price equivalent to €0.25 per ordinary share. He now holds 112m shares, which represents 26.5% of the company. Top Director Buys IFR Capital (IFR) Direc

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21 May 2009 16:58

C&W chairman buys as others sell

Reports of big share sales by two Cable & Wireless directors sent its share price sliding after results today, though chairman Richard Lapthone added to his holdings in the global telecoms group. The two sales are said to be of shares awarded under C&W's performance related share scheme, the repor

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12 May 2009 17:00

Imperial chairman buys after results

Imperial Tobacco's chairman Iain Napier has lifted his stake in the firm following its first quarter results, spending more than £35,000 on shares. He took 2,257 at about 1,560p a time and now has 12,538. Imperial saw underlying earnings rise for the half-year but shares were hit because of concer

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