Link Securities | The Italian Competition Authority, Autorità Garante della Concorrenza e del Mercato (AGCM), has fined online travel agency Edreams Odigeo (EDR) €9 million for various ‘unfair commercial practices’ involving pressuring consumers to register and maintain their subscription, according to a report in the newspaper Expansión on Thursday.
Norbolsa | The company reports that Q4 2025 EBITDA stood at €1.59 billion, exceeding expectations of €1.51 billion. The South African subsidiary stands out, having managed to reduce its annual losses by 34% thanks to lower raw material costs and the closure of its long steel business, while the parent company resumes talks with ArcelorMittal South Africa’s second-largest shareholder, Industrial Development Corporation (IDC), for a possible transaction. ArcelorMittal is raising…
Bankinter | Factory orders in Germany surprise upwards for the second consecutive month in December: 13.0% year-on-year against an expected 1.2% and a previous 10.6% (revised from 10.5%). In month-on-month terms, 7.8% against a drop of 2.2% and 5.7% (revised from 5.6%). The improvement is again explained by growth in orders for metallurgical products (30.2% month-on-month against 25.3% previously) and capital goods (11.5%). Capital goods were up 10.5% against 7.9%….
Link Securities | The entity’s Board of Directors approved the implementation of a share buyback programme worth approximately €5.03 billion, for which it has already obtained the relevant regulatory authorisation and which will begin today as indicated below. In accordance with the current shareholder remuneration policy, €1.83 billion corresponds to an amount equivalent to approximately 25% of the Group’s ordinary profit in H2 2025. The remainder of the programme corresponds…
Intermoney | The company will present its 2025 annual results on Wednesday, 25 February, before the market opens, and is expected to hold a conference call on the same day at 1:00 pm. Following the traffic data in Spain for December (up 4%), continuing the expected moderation, we believe that the P&L figures should reflect this, something already evident at 9m. We therefore estimate EBITDA growth of 8% to €3.79…
CdM | In January, companies in the eurozone services sector expanded their commercial activities for the eighth consecutive month. However, the rate of growth was moderate and the least intense since September 2025, according to the PMI index. ‘The growth trajectory can be described as acceptable, but the situation is still not comfortable. Companies barely hired any staff in January. The fact that new orders barely grew also shows that…
Jefferies | BBVA reported 4Q25 attributable profit of €2,533m, which was a slight miss versus company consensus of €2,554m. PBT was a slight miss as well, with PPP a 2% beat. Group top line was a 2% beat, but partly offset by costs 3% higher than consensus. Impairments were a 9% miss. By geography, beats in Spain and Mexico, offset by Turkey missing. Final dividend of 60c per share announced….
The Independent Authority for Fiscal Responsibility (AIReF) asserts that temporary disability leave in Spain has grown by 60% since 2017. Furthermore, the average duration of medical leave has increased from 40 to 46 days. In cases regarding mental health, the extension is even more pronounced, jumping from 67 to 99 days. These are some of the conclusions from its Spending Review 2022-2026 report, which analyzes the Social Security’s second-largest expenditure…
Bankinter | For the purchase, VMO2, 50% owned by Telefónica, has created a fibre joint venture, Nexfibre, with InfraVia Capital. With three million households, Netomnia is the fourth largest broadband network in the United Kingdom. The combined network will cover eight million households with fibre and give VMO2 access to some 20 million installations, compared to the 30 million households covered by BT’s fibre subsidiary, Openreach (21 million with fibre…
Link Securities | The construction company announced yesterday that the temporary joint venture formed by OHLA, Sando Construcción and Vialterra will be responsible for starting work on the new Virgen de la Esperanza hospital in Malaga, promoted by the Andalusian Regional Government, according to a statement issued by OHLA. The new hospital complex to be built by the Sando-OHLA-Vialterra joint venture will be located on the site of the current…