Ferrovial hit by big drop on the Spanish IBEX index
Shares in Ferrovial, shareholder in BAA, slumped 11.3% yesterday, as Spain’s IBEX slid 5.94% yesterday. Spain’s sovereign debt levels and weak economic outlook is contributing to a lack of investor confidence in the past few days, with the International Monetary Fund (IMF) stating Spain is still suffering a very deep recession.
