MADRID | The textile giant from Galicia has increased its stock capitalisation from $35 million in March of 2008 to $83 million in five years. Regarding Santander, its market value grew from $71 million against $125 million, according to a report by PwC.
By Berthold Huber, chairman of the German trade union IG Metall | When a significant percentage of the young generation continues to be excluded, youth employment undermines the very foundations of the European welfare state.
MADRID | By Quesada Vargas | Madrid is considering the listing of AENA airports authority, the world’s largest, managing 46 airports in Spain, including Madrid’s Barajas and Barcelona’s El Prat. The key element is that the Spanish government is to shield 50pc of the agent’s equity and its effective control. Will investors get cold feet?
MADRID | By Julia Pastor | Car components company CIE Automotive will merge its forging plants in Spain and Lithuania with Indian group Mahindra. The resultant company will be named Mahindra CIE. This strategic alliance will enable CIE to double its current sales of €1.6 million.
MADRID | By Jorge Chamizo | capitalmadrid.com | The Spanish economy is in a better position to exit the crisis than it ever was 18 years ago. Capita income currently doubles that of 1995 and contributions to the social security system is much higher, too.
Keep in mind a new concept: Lionomics. An acronym that gives name to the ambitious process of economic reform the new Chinese Prime Minister Li Keqiang must bring forward.
MADRID | By Julia Pastor | The rumour about a friendly takeover bid from the US telecomunications group AT&T to acquire 100% of Telefónica has moved the Madrid Stock Exchange on Monday. The offer would have included a payment of €70 billion as well as the absortion of Telefónica’s €52 billion debt.
MADRID | By Miguel Ángel Rodríguez, analyst at XTB | valenciaplaza.com | Has the Japanese experiment failed? Under the stress of some political pressures, Japan may have rushed into an expansion of its monetary base without all the due protections.
LONDON/VIDIN | The new Danube Bridge, which took six years to build, connects Vidin (Bulgaria) and Calafat (Romania). This project represents an investment of 275 million euro – partially funded by the European Union
MADRID | By Luis Martí | The German government could also be drawn in as an expropriator of sorts: it is still an issuer of debt at a real yield equally negative for their nationals.