Enagas and Reganosa, who were unable to integrate in Spain, have signed an agreement to present themelves jointly ain the tendering process for the operation and maintenance services for one of the largest Liquid Natural Gas (LNG) in the Al-Zour refinery in Kuwait.
The Spanish leader in insurance has registered a modest performance of +14% in the last two years, the weakest among the insurers analysed at Alphavalue. Since August 2017, when the hurricane season began in the US, Mapfre has not been able to keep up with the rest of the sector. In Alphavalue´s estimates, the company should benefit from a first series of three consecutive years of growth in net profits in the period 2018-20.
Australia has awarded to a subsidiary of Naturgy a total of 180 MW installed capacity in a windpower project located approximately 150km from the city of Melbourne. The wind farm is expected to contribute gross operating profits (Ebitda) of approximately 22 million euros when it is in full operation.
Inditex has presented its results for the first half of the fiscal year (1 February – 31 July 2018). The company obtained a net profit of 1.409 billion euros, which means an increase of 3% compared to the 1.366 billion euros in the same period last year.
Small companies are quite easy to ignore. After all, analysts rarely cover them, you may not have heard of them, and you are unlikely to have their products in your home. However, “small companies are often the ones that offer the biggest potential”, as said by analysts at Wisdom Tree.
The recently elected President of Mexico, Andrés Manuel López Obrador, wants to stop or, at a minimum, reconsider the construction project for the international airport of Mexico City, which was awarded to a consortium in which Spanish FCC and Acciona participate.
Just a year ago Amadeus was left just outside the EuroStoxx50, the main stock market index in the Eurozone. But this year´s revision has guaranteed, at last, its entry, which will take effect on 24 September. Amadeus will join other Spanish companies which form part of the index such as Santander, BBVA, Iberdrola, Telefonica and Inditex.
Link Securities | The Spanish construction and infrastructure company Ferrovial has won the contract to install two electrical substations in support of the construction of what will be the UK´s first high speed rail line linking London and Birmingham.
Morgan Stanley | For the first time since its flotation (17 years ago), we put the recommendation as Sell (underweight) with an Objective Price which falls from 26 to 21 Euros.
Miguel Navascués | Emerging markets continue seething and carry with them ever less confidence. The latest sign is that the flight of capital has sought refuge in US bonds (and in Wall Street, a new record), among other destinations, and has reduced the yield curve to a minimum of many years of 0.23%.