The Ibex 35 of the Madrid Stock Exchange opened the session this Thursday with a slight rise of 0.14%, placing the benchmark at 20,056.20 points. The trading day was shaped by an intense wave of corporate results and by attention to the evolution of the conflict in the Middle East.
Before the opening, Telefónica said it obtained net profit of 464 million in the first nine months of the year, compared with losses of 1,080 million euros recorded in the same period of 2025. In the Spanish market, the operator closed this stretch of the year with revenues of 9,828 million, which implies a year-on-year increase of 2.5% and its fastest growth rate for this period in more than 15 years.
Meanwhile, Santander detailed that it has decided to improve by 5% the terms announced last July 30 for the voluntary offer it plans to launch in order to acquire all of the ordinary shares, preferred shares, units (units) and American Depositary Shares (ADS) of Santander Brasil issued and outstanding that it still does not control.
It was also reported that Miriam González Durántez, leader of the Democracia 21 party and wife of the former British leader Nick Clegg, has submitted her resignation as a director of Atrys Health with the aim of devoting herself entirely to her political activity and her candidacy for the general elections in Spain on next November 29.
In addition, Técnicas Reunidas reported that Kazazot Prime has awarded it the project management services contract ("Project Management Consultancy" or PMC) for the large ammonia and urea complex it is driving in the city of Aktau, capital of Mangystau province, in the southwest of Kazakhstan.
On the other hand, Audax Renovables posted an adjusted net profit of 22.8 million euros in the first nine months of the fiscal year, which represents a decline of 38.2% compared with the same period of the previous year, held back above all by the performance of the earnings before interest, taxes, depreciation and amortization (Ebitda) and by the increase in financial expenses associated with its new financing structure.
In the opening stages of trading on the Plaza de la Lealtad, the sharpest declines within the Ibex 35 were for Telefónica (-1.1%), Acciona (-0.73%) and Solaria (-0.72%).
On the opposite side, the most notable gains for the benchmark at the start of Thursday's session corresponded to Grifols (+1%), Rovi (+0.99%) and Cellnex (+0.8%).
Among the main European bourses, Paris’s Cac 40 (+0.7%), Frankfurt’s Dax (+1%) and London’s Ftse100 (+0.3%) were leaning toward gains at the open, while Milan’s FtseMib slipped by 0.2%.
In the foreign exchange market, the euro was weakening against the "greenback" and stood at $1.1085, while the Brent barrel, the benchmark in Europe, hovered around $93. At the same time, the yield on the 10-year Spanish bond fell to 3.874 euros.