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Spanish Ibex 35 Index Climbs Nearly 1% on Strong Corporate Earnings and Strategic Moves

Mapfre's profit surge, Indra's merger review, and Puig's dividend plan bolster market gains as global indicators show positive trends.

Overview

  • The Ibex 35 rose by 0.98% to 13,308.4 points on April 25, driven by strong performances from key Spanish companies.
  • Mapfre reported a 27.6% year-on-year increase in Q1 net profit, reaching €276 million, boosting its shares by over 6%.
  • Indra announced it has engaged KPMG to explore a potential merger with Escribano Mechanical and Engineering (EM&E).
  • Puig's board scheduled a May 28 vote on a €0.3768 gross dividend per share, with payouts expected from June 12.
  • Broader European markets, oil prices, bond yields, and the euro/dollar rate also advanced, reflecting global investor optimism.