Spain ratings

Liquid times, solid economy?

José Ramón Díez (Caixabank Research) | At the speed of events in today’s geopolitical world, it is difficult to take a step back from the heated reality and reflect on the medium-term economic outlook and trends. In the first week of November alone (when these lines are being written) we have witnessed a resouding victory for Donald Trump and the Republican Party in the US Senate and House of Representatives,…

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Crédito y CauciónCrédito y Caución
iberdrola renovables

Iberdrola among utilities driven by 7-10% CAGR in distribution in Northern Europe and 15-20% in transmission in Germany and UK

Morgan Stanley: Our analyst Rob Pulleyn thinks it is too early to move away from the utilities theme, as he believes the market is not fully discounting the outlook: the market does not yet seem to have digested the shift in regulated utilities from “low growth dividend” companies to “quality growth” companies. In more detail, Pulleyn estimates an average CAGR of 6% in EPS by 2024-27 (versus 3% consensus) in…

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Banner CIR, junio 2022

Indra Tecnocom

Indra awarded contract with Vietnam’s air navigation service provider

Link Securities | Indra (IDR) has been awarded a contract with Vietnam’s air navigation service provider, VATM (Vietnam Air Traffic Management Corporation), to renew a large part of the country’s air traffic management systems. Based at the Ho Chi Minh City control centre, the company will implement its ManagAir automation solution, one of the most advanced and widely used in control centres and airports around the world, according to the…

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interviews

ElenaJimenezdeAndrade

“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…

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Isabel Dutilh

“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…

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