Norbolsa| A Siemens Gamesa wind turbine loses a 22-tonne blade in Norway. The company added that no one was injured in the incident. It is a blade that is part of the 4.X platform. Siemens Gamesa, owned by Siemens Energy, warned in 2023 of quality problems at its onshore unit, most of them related to certain rotor blades and main bearings on its two newest wind turbine platforms, the 4.
Alicia García Herrero (Natixis) | Will India’s gross domestic product ever surpass that of China? Ten years ago, no one would have given this question much thought. But times are changing. The Chinese economy may now be more than five times larger than India’s, but India is growing much faster than China, and no one expects that to change any time soon. Already, since 2010, India’s economy has overtaken those…
Link Securities| The financial institution has reported the completion of the execution of its share buyback programme, having reached the maximum monetary amount of €781 million. With the acquisition of the last shares referenced below, the total number of shares acquired in execution of the Buyback Programme is 74,654,915 treasury shares, representing approximately 1.28% of BBVA’s share capital at this date. As indicated by BBVA, the purpose of the Buyback…
Alphavalue/ Divacons| The Cantabrian bank has reached an agreement with BlackRock to finance infrastructures at an international level for a value of $600 million, one of the US fund manager’s main sources of growth in the short term. This is the first joint operation in this segment between the two entities, which are already partners in some areas within the asset management world. This is the latest example of a…
Link Securities | The company held its first AGM outside Spain yesterday, in Amsterdam, another step towards meeting its real goal of listing on the Nasdaq this year. “The market has proved us right,” emphasised the multinational’s chairman, Rafael del Pino, assessing the company’s historic turnaround. When we took the decision to list in the Netherlands, Ferrovial was ranked 14th on the Ibex-35; today we are in eighth place,” said…
According to figures released yesterday by the General Council of Notaries, the number of home sales and purchases in Spain rose by 10.3% year-on-year in February, to 53,142 units. The average price per square metre of homes sold stood at €1,649 m2, representing a year-on-year increase of 3.5%. By type of housing, sales of flats rose by 12% year-on-year in February to 41,474 units, while sales of single-family homes increased…
Intermoney | ACS (ACS), through its Australian subsidiary Cimic, has been awarded a contract to refurbish a hospital in the state of New South Wales. The works will involve an investment of €450 million. The work will begin this year and will last until 2028. It will include the refurbishment of numerous departments of the hospital, as well as the construction of new facilities, including the vertical expansion of existing…
Renta 4| According to press reports, CAF has been selected along with other companies to renew the signalling and safety of the UK rail network. The selected companies are CAF together with the British company, AtkinsRealis, Alstom, Hitachi and Siemens. The total value of the contracts to be awarded amounts to around €4.7 billion over the next 10 years and will be progressively entrusted to the selected companies. Assessment: This…
Caixabank Research| The tourism sector has had a strong start to 2024. International arrivals in February were 15.9% above the same month of 2019, while international tourist expenditure attained a level 26.7% above that of February 2019. Demand for tourism services is holding up despite the strong increase in tourism related prices: CPI hotel prices in February increased by 9.0% year-on-year, attaining a level 32.2% above the same month of…
Link Securities| The mining company will open a multi-million dollar arbitration against Spain in the ICSID over the government’s veto of the Salamanca uranium mine. The company is taking a further step in its offensive after requesting, in November 2023, by letter to the Government, a negotiation for the Retortillo project that the Executive rejected in 2021, as reported yesterday by the newspaper ElMundo.es. This letter, in fact, constituted a…