CdM | The chair, Ana Botín, will say today at the shareholders’ meeting that during the first quarter the bank has continued to increase the number of customers and expects to achieve a RoTE of approximately 15.7% (post-AT1), on track to reach the annual target of approximately 16.5%. The CET1 is expected to reach 12.9%, with a tangible book value plus cash dividend per share increasing above 14%. Among the…
Spain ranks, along with Greece and Italy, among the European countries with the highest weight of the underground economy. In Spain, black money represents 24% of Gross Domestic Product, just behind Greece – at 36% – and Italy, at 31%, respectively. These are the figures recently published in a report for the Centre for Economic Policy Research (CEPR), prepared by authors Francesco Pappadà, a professor at the University of Venice,…
Link Securities | Naturgy (NTGY), through its international electricity generation subsidiary Global Power Generation (GPG), has launched its first major hybrid project worldwide involving photovoltaic generation and battery storage, according to Bolsamanía. This is a pioneering project in many senses, as it is also the first large-scale hybrid photovoltaic and battery storage project in Western Australia. Cunderdin, named after its location, has started operating after more than three months of…
Alphavalue / Divacons | Tesla sales in France and Sweden fell in March by 36.8% and 63.9% year-on-year, respectively, marking the third consecutive month of declines and bringing quarterly volumes to lows not seen since 2021. Tesla’s market share in France fell to 1.63%, while Chinese brands such as BYD increased their presence. Added to this is a collapse of 49% year-on-year in Tesla registrations in the Netherlands in Q1…
CoM | Industrial producer prices rose by 0.2% in the eurozone and by 0.3% in the European Union (EU) in February compared with January 2025, according to first estimates from Eurostat, the statistical office of the European Union, and were above the consensus forecast of 0.1%. In January 2025, prices had risen by 0.7% in the eurozone and 0.8% in the EU, according to Eurostat’s latest revision. In year-on-year terms,…
Link Securities | Expansión highlights today that BBVA (BBVA) has improved the commitments for the merger with Banco Sabadell (SAB) that the Competition Authority (CNMC) recommended last week. Thus, BBVA has increased the period of maintenance of SAB’s branches and ATM access from 18 months to 36 months in sparsely populated areas with low incomes or little competition. The bank has also committed to maintaining the volume of credit to…
Morgan Stanley | According to the latest data from Cirium (an aviation data provider), Airbus delivered 64 aircraft in March (up 60% month-on-month and 2% year-on-year), accumulating a total of 129 in Q1 2025, which is below full-year guidance but better than expected, both by Ross Law (analyst) and the consensus (127). In fact, Law believes that the number of deliveries may be higher if we take into account the…
Bankinter | The company’s Board of Directors has unanimously approved that its subsidiary Grifols Biotest Holdings make a public takeover bid to delist Biotest AG from the stock exchange. The bid will be for the 2.9% of the ordinary shares it does not control and 53.8% of the preference shares. It will offer €43.00 for each ordinary share and €30.00 for each preference share. In addition, it will request the…
Goods sold by the 27 EU member states to the U.S. will be subject to a 20% tariff, as announced by Donald Trump. For Spanish exports—just over €18 billion last year—it will have an impact of at least €3.2 billion, or 0.2% of GDP, and will particularly hit capital goods, metallurgy, and agricultural sectors—such as olive oil, fruits and vegetables, or wine—which account for more than €14 billion in exports….
BancaMarch | Ursula Von der Leyen affirmed that the community as a whole has the power to fight back, with all possible tools on the table. The President of the Commission assured that the bloc is prepared to restrict imports of services of US origin if Trump today makes good on his threat to impose reciprocal tariffs. The EU has the capacity to control trade in services, due to its…