Bankinter | The board of directors of Endesa has approved two different tranches of buybacks. On the one hand, a first tranche of €17.3 million intended to comply with the flexible remuneration programmes for group employees, with a maximum of 1.11 million shares. The execution period will run from 28 March to 14 April. The second tranche is valued at a maximum amount of €500 million and the objective is…
Bankinter | The measures will come into force on 3 April for all cars not manufactured in the United States. Trump also added that the tariffs would also affect car components, and that these would come into force by 3 May at the latest. He also stated that the tariffs would be permanent in nature and without exceptions. Bankinter analysis team’s view: Bad news for the sector in general. Currently,…
Renta 4 | Repsol has reached an agreement to consolidate its upstream oil business in the UK with NEO Energy Group Limited, a leading independent oil and gas operator in the UK. The agreement will be structured through a share swap in which Repsol will have a 45% stake in the joint venture and NEO UK a 55% stake, reflecting the contribution and strategic alignment of both groups, with a…
BancaMarch | The budget watchdog cut GDP forecasts for 2025 to just +1%, down from an initial +2%. In a scenario of greater economic weakness and rising borrowing costs, the British finance minister, Rachel Reeves, updated the budget in the face of the threat of breaching fiscal rules. The debt markets seemed to welcome the emphasis on fiscal responsibility. The measures involve cuts of up to £14 billion by 2029-2030….
Círculo de Empresarios | According to the OECD, in 2024 global debt issuance surpassed $25 trillion, while the global stock of debt exceeded $100 trillion. Following a brief pause during the pandemic, the global debt-to-GDP ratio has recovered its upward trend. More than half of OECD-sovereign and global corporate debt is currently paying interest costs below the prevailing market rates
The year 2024 ended with consolidated public spending exceeding €700 billion. The final figure, which was revealed this Thursday, amounts to €722.846 billion, an absolute record in history. This fabulous amount is about €230 billion higher than the same concept in 2018, the year Pedro Sánchez came to power as Prime Minister after winning a vote of no confidence against Mariano Rajoy, explains La Razón newspaper. The accounts for 2024…
Link Securities | The Spanish National Commission on Markets and Competition (CNMC) board, which met last Monday, has asked BBVA to make new commitments in its takeover bid for Banco Sabadell, mainly in relation to the SME business and financial inclusion issues, according to Expansión newspaper. The CNMC has suggested that BBVA extend the deadlines for the proposed measures on the SME business. The regulator’s experts believe that an 18-month…
Bankinter | The energy giant Taqa, controlled by the Emirate of Abu Dhabi, is studying the possibility of acquiring a stake in Naturgy. According to articles that have appeared in the press, Taqa would enter with a non-majority shareholding, hand in hand with CriteriaCaixa and with the approval of the Government, which has the right of veto over this type of strategic operation. At the moment, Naturgy has a self-tender…
Banca March | This weekend’s negotiations in Riyadh have borne fruit. Ukraine and Russia announced on Tuesday that they had finalised the ceasefire agreement on energy infrastructures, to which a truce in hostilities in the Black Sea has been added, which would allow for the streamlining and securing of greater maritime traffic of agricultural products and fertilisers. However, the terms of the agreement are not entirely clear and the Russian…
The Minister of Labour, Yolanda Díaz, and her team have spent three years without specifying how many people with fixed-discontinuous contracts are registered in the public employment service offices, arguing that the registration of job seekers is the responsibility of the autonomous communities. However, despite this opacity, the statistical services of the department do handle and even publish these figures. Thus, they estimate that in 2024, the number of people…