IBEX

Scotland Selects Ferrovial’s Subsidiary Amey To Maintain And Improve Its Roads For Eight Years

Ferrovial, through its UK services arm Amey, has been awarded an eight-year, 452.9 million euros contract to maintain and improve roads in southwest Scotland. The company said there is also an option to extend the contract for a further four years, increasing its value to 781.3 million euro.The divestment process of this subsidiary will continue despite the crisis of the coronavirus, the company said. But it recognizes that it will suffer some delays.

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Telefónica Has €23 Bn Of Liquidity; Thanks To Its Defensive Nature It Will Outperform The Market

Telefónica’s business is responding very positively to the exceptional situation we are experiencing in three of its four main markets (Spain, Germany and the United Kingdom) according to data compiled by Renta4 analysts. As the telecoms sector is a defensive one, the analysts believe its results should hold up better than those of most sectors. Particularly given that the government considers it a “basic service”.