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Market chatter: down the road to a banking union and much more

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.

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Spanish Ferrovial, ACS, OHL and FCC go shopping in Europe

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.

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Ferrovial’s Rafael del Pino to the Spanish government: “Cut tax burden”

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.

Brazil, China pull Heathrow airport to new passenger number record

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.

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Ferrovial reports 488.5 million euro profit

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.