Business News & Financial News

In Spain 4th December 2024

Cementos Molins: first listed company to return to Catalonia after ‘procés’

The board of directors of the cement group has unanimously agreed to return its headquarters to Catalonia, as announced in a statement sent to the National Securities Market Commission (CNMV).Seven years later, Cementos Molins is leaving its current headquarters on the Paseo de la Castellana in Madrid, where it moved its tax residence, and is returning to the town of Sant Vicenç dels Horts in Barcelona, marking the first return…

In Europe 3rd December 2024

Sacyr starts operating A21 project in Italy, with €800 million investment planned for concession

Intermoney | The Italian consortium SIS, formed by Fininc and Sacyr (Buy, PO €4.4), has begun operating five sections of the A21 Turin highway, totaling 320 kilometers. This contract, awarded by the Italian Ministry of Infrastructure and Transport, is expected to generate traffic revenues in excess of €2.9 billion over the 12-year concession period. The concession includes the design and execution of the works to improve these sections, with an…

In the World 3rd December 2024

China’s November manufacturing PMIs, both official and Caixin, beat expectations

Link Securities | China’s official manufacturing purchasing managers’ index, manufacturing PMI, came in at 50.3 in November, versus 50.2 expected by the analyst consensus and following 50.1 in the previous month, for its second consecutive month in expansionary territory. We recall that a reading above 50 points indicates expansion of activity with respect to the previous month, while a reading below that level indicates contraction. Production and new orders showed…

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…

“Mercosur is perhaps an idea that people have fallen in love with and are keeping because everyone is too embarrassed to liquidate it”

“European funds are not reaching companies. There is total inefficiency”

Isabel Dutilh, director of Elecnor, Banco Alcalá and Millenium Real State explains in an interview with Mari Pinardo in the magazine Consejeros that “Europe has to have control of the funds and this requires a certain amount of bureaucracy, but in the end it is so much bureaucracy that it generates frustration and people give up applying for them”. Q – There are continuous and constant legislative changes, what do…

…in the last week