Business News & Financial News

Companies, In Spain, Relevant News Item 18th July 2025

FCC-Ferrovial consortium wins first section of Burgos-Vitoria high-speed rail line for €323 million

Alphavalue/ Divacons | The two construction companies, through a consortium formed in equal parts by both groups, will build the first section of high-speed rail between Burgos and Vitoria. The award of this section of the Basque AVE, valued at €323 million, comes after the disqualification of other competitors such as ACS, Acciona, Sacyr, OHLA and Grupo San José. The starting price for the tender proposed by Adif, the public…

Companies, In Europe 18th July 2025

EC opens infringement proceedings against Spain over conditions imposed by government on BBVA Sabadell takeover bid

Alphavalue/DIVACONS | The European Commission announced on Thursday that it was opening infringement proceedings against Spain over the conditions imposed by the government on BBVA’s takeover bid for Banco Sabadell (SAB). Brussels specifically objects to the discretionary powers granted to the government by Spanish law to block such transactions. The EU executive considers that the scope of these powers exceeds the scope of the general interest. BBVA: Buy, Target Price…

In the World 18th July 2025

US industrial production rises 0.3% month-on-month in June, compared to 0.0% previously, capacity utilisation also up

Bankinter | Industrial production and capacity utilisation exceeded expectations in June. Industrial production rose by 0.3% month-on-month in June, compared to expectations of 0.1% and the previous figure of 0.0%. Capacity utilisation stood at 77.6%, compared to expectations of 77.4% and the previous figure of 77.5%. By segment, all areas improved and posted growth in June. Analysis team’s view: Industrial activity has been positive for three consecutive months, taking advantage…

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…

“Fifteen years ago, the European economy was larger than that of the U.S. Today, the U.S. economy is one and a half times that of Europe”

“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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