Renta4 | IAG has published the March air traffic data, which show a beginning to the year similar to the company’s capacity (supply) target for Q119, with demand growing slightly more than supply, and in line with the target for the year of 5.9%.
Bankinter | Red Eléctrica (REE) demands normative adjustments to facilitate the implantation of renewable energies. The director-general of Red Eléctrica, Miguel Duvison, has declared that currently access has been approved in Spain for 84% of the energy potential which needed for 2030.
Banc Sabadell | Telefonica will decide in the coming days between the binding and final offers it has on the table, namely Digital Realty, Equinix and Brookfield’s. The price would be around 500/600 million euros. The Spanish tech company has 23 data centers in 9 countries.
M&G Valores | A sustained annual growth in profits of 4% is well below that of previous bull cycles in the stock market, but seems realistic in the current situation. We have on one hand the modest growth of developed economies (secular stagnation), and on the other the composition of the Ibex dominated by regulated sectors, with modest growth, and the banks.
Banc Sabadell | The regulator has announced that TCI will make an accelerated sale of 0.8% of AENA at an estimated price (according to Bloomberg) of 159.53 Euros/share (-2.2%).
Bankinter | The company has announced that it will share 1.44 euros gross per share as a complementary dividend. This means that the total dividend for the year will be 1.89 euros/share (+37% over the previous year).
Acciona has won two contracts for maintenance of Canadian roads, which means taking responsibility for 4,200 km of carriageways in the province of British Columbia for 10 years for 235 million euros.
Morgan Stanley | There is no doubt that Inditex (ITX) is a high quality and well-managed business with an impressive historical record.
Alphavalue | The perspective for Siemens Gamesa presumably seems brilliant offshore, given that the industry is now focused on the high sea. Aerogenerator makers declined significantly in 2017 due to the system of auctions in almost all markets, which put pressure on prices in the whole supply chain.