MADRID | By Jaime Santisteban | In a crucial day for the long-awaited banking union in Europe, market makers also chattered about many other issues, like the Bank of Spain -which has denied it plans to subject Spanish lenders to stress tests this month- achieving less tough criteria for Spanish banks in the upcoming EU stress tests.
MADRID | By The Corner Team | Whether they are awarded with the projects or not remains unknown but Spanish construction firms are bidding for relevant purchases and infrastructures in Europe with the aim of continuing their international expansion and thus softening the fall in their domestic market. As Ferrovial would have make a €800 million offer for control stakes in Aberdeen, Glasgow and Southampton airports, ACS, OHL and FCC will fight to build a submarine tunnel connecting Germany and Denmark valued at €5,5 billion.
MADRID | The contracts may be extended by another three years, which would increase Ferrovial’s backlog to more than 216 million euro over a six-year period.
LONDON | European traffic performed well, up 7.4%, despite the continuing weakness of the European economy. Amongst the countries where traffic increased were Italy, France and Germany.
MADRID | Enterprise will now be integrated into the UK Ferrovial Services’ subsidiary, Amey, creating one of the most diverse companies in the sector.
MADRID | Speaking to the shareholders, Ferrovial Chairman Rafael del Pino called for prioritizing economic growth and strong companies to enable Spain to create jobs once again. Ferrovial Shareholders’ Meeting, held today in Madrid, passed all the items on the agenda, including a dividend payment charged to reserves amounting to 0.25 per share; the company already distributed 1 euro per share in December.
Ferrovial Services will double its presence in the country, where it operates through Amey. Enterprise will be integrated into Amey to create one company with over 21,000 employees and revenues in excess of 2.6 billion euro.
LONDON | Heathrow company said it will deliver £248 million of savings to minimise airline charges by improving operational efficiency. It will retire old facilities such as Terminal 1 and invest in new facilities.
LONDON | 5.6 million passengers passed through Heathrow in December, a record for the month and up 2.0% on December 2011. This took the number of passengers for 2012 to almost 70 million, the highest ever for a calendar year at Heathrow, and an increase of 0.9% compared with 2011.
MADRID | Ferrovial reinforced its international footprint. Sales outside Spain accounted for 63% and international projects accounted for 63% of the combined Construction and Services backlog, which totalled 22.460 billion euro.