The CPI remains at 2.7% in June, its highest rate in four years, due to electricity and food prices. The Consumer Price Index (CPI) rose by 0.5% in June compared with the previous month and placed its year-on-year rate at 2.7%, the same as in May and one tenth of a percentage point higher than at the end of last month, according to data published today by the National Statistics…
Inditex (ITX) today holds its Annual General Meeting of Shareholders where, amongst other matters, it will approve the payment of a gross dividend of 0.70 euros per share. This will be divided into an ordinary dividend of 0.22 euros gross per share and an extraordinary dividend of 0.48 euros gross per share. On the occasion of the AGM, in an interview with the newspaper Expansión, Inditex Chairman, Pablo Isla, gave…
Cellnex has closed the purchase of 99.99% of Polkomtel Infrastruktura, the Polish telecommunications infrastructure subsidiary of Cyfrowy Polsat. The investment is for €1.6 Bn, which will go with an additional deployment programme of up to 1,500 sites.Cellnex, which with this transaction makes Poland one of its main markets, will invest a further €600 M over the next 10 years in active equipment, mostly for 5G deployment.
In 2020, 106 of the 134 listed companies based in Spain presented non-financial information about the 2019 tax year, i.e. 79% of companies, up 9 points over the previous year (70%), according to a report by the Sustainable Development Goals (SDG) Observatory entitled “The importance of the 2030 Agenda in the post-coronavirus landscape”.
Indra has signed contracts worth €100 million to equip the 38 Eurofighters the German Ministry of Defence has acquired as part of the Quadriga programme, with the latest generation systems that will ensure the aircraft’s superiority for decades to come. The firm will develop and produce, in consortium with German sensor supplier Hensoldt, the new ESCAN Mk1 electronically scanning radar.
With 27.5 GW of installed power on land, Spain is the fifth largest country in the world, behind China, the USA, Germany and India. It also has a shipbuilding industry, a maritime-port sector and technological and engineering capabilities that have already made the country an international benchmark in the value chain of offshore wind installations. However, offshore wind as a technology has hardly been developed in Spain due to the high depth of territorial waters for projects with fixed foundations -inviable from a depth of 50 metres.
Last May, 9,570 new companies were created in Spain, the highest figure for a month of May since 2007, according to data from the National Statistics Institute (INE). This was more than double the number created in May 2020. That said, INE recalls that in May last year the number of companies incorporated, which increased capital or were dissolved “was exceptionally low” due to the declaration of the first state…
Fernando González Urbaneja | Over the last two decades, for very sound reasons, big companies around the world, including Spanish ones, have shown interest in improving their governance model, what is now called “governance”. There is an abundance of academic literature, recommendations from regulators, legal regulations in all areas and explicit commitments from managers and directors blessed by boards of directors and general meetings. It is clear that efforts and…
Bank of Montreal informed the CNMV on Monday that it holds a total of 3.467% of the voting rights of Repsol (REP). However, it does not specify whether this is in its own name or in the name of third parties, nor the average acquisition price. This stake would make it the fifth largest shareholder after Sacyr, with 8.2%, JP Morgan with 6.8%, BlackRock with 5% and Amundi with 4.5%….
Amazon published yesterday the “Report on the impact of Amazon on Spanish SMEs 2021,” where it flags that the 12,000 Spanish small and medium-sized companies sellling on Amazon have registered more than 650 million euros in exports in 2020. This is an increase of more than 30% compared to the previous year. In addition, they have created more than 30,000 jobs in Spain and another 3,000 abroad. Despite the difficulties…