Spain’s trade deficit declined 22.4% to 18.754 billion euros in 2016, the second smallest figure since 1997, thanks to record exports.Read More
By end March, the UK will trigger the nuclear button splitting it from the European Union. A landmark decision which will determine both parties’ future, irrespective of the side of the English Channel they find themselves on. Both will bear the brunt of this civil and amicable divorce, facing a lose-lose outcome. But we will all have to deal with the sub-optimal upshot.
Ferrovial has teamed up with the Australian company Plenary to bid for motorway and other infrastructure concessions in Australia and New Zealand. They will create a joint venture (the Netflow consortium) through Ferrovial’s concessionary arm Cintra. This market is a priority one for Ferrovial, basically because of its high profitability.
Miguel Ángel Tramullas | The price of second-hand homes is recovering in Spain, in part driven by the interest of investors who are buying in the big cities to then rent the property out, as a viable option given the lack of alternative investments.Read More
Since the DB /LSE merger was announced (a year ago officially), it has been more beneficial to LSE shareholders than to DB’s, with a valuation gap (29x for LSE vs. 18x for DB) that has never closed. Respective shares have continued to trade in an uncorrelated way suggesting that not only the deal is not consummated but that the GBP/Brexit tango cannot be ignored.Read More