Norbolsa | Aena (AENA) is interested in acquiring the UK airports of Aberdeen, Glasgow and Southampton owned by Ferrovial and the Macquarie fund, which are looking to sell 100% of their stakes for around €1,000 million.The deal fits in with Aena’s strategic plan to expand its business outside Spain, as well as Ferrovial’s strategy as it continues to seek an exit from UK airports.
Banca March: In the eurozone, the money supply is recovering. April’s figures showed M3 growth of +1.3% year-on-year, four tenths of a point higher than in the previous month, signalling a revival in money supply. On the side of loans to the private sector, those related to households repeated growth rates of +0.2% year-on-year, while loans to non-financial companies moderated one-tenth of a point to +0.3%.
The high percentage of the population at risk of poverty or social exclusion is a problem that Spain is unable to tackle. More than 25% of citizens are in this situation, i.e. one in four. The report on the socio-economic and employment situation of the country by the Economic and Social Council (CES), presented on Thursday, warned of this issue. After highlighting the good progress of the economy, its president,…
Banc Sabadell: According to the press, the vice-president and minister for energy transition, Teresa Ribera, has expressed her willingness to let the 1.2% tax on energy sales disappear after Brussels’ request that the interventionist measures adopted during the energy crisis be abandoned. Initially, the government had considered using the general budget to include tax breaks linked to investment, but the decision to withdraw the draft public accounts left the extension…
Intermoney | The company informed the National Securities Market Commission (CNMV) yesterday, with the market closed, the cessation of activity in the factory of Bahru Stainless (Malaysia) and the change in the operation model in the factory of Acerinox Europe, located in Cadiz. Regarding the Malaysian factory, Acerinox has already informed its Asian customers about the cessation and has assured that the supply to these customers will be made, from…
CdM | The Consumer Price Index (CPI) rose by 0.3% in May compared to the previous month and raised its year-on-year rate by three tenths to 3.6%, thus registering its highest level since April 2023, according to data released on Thursday by the National Statistics Institute (INE). Annual CPI rate The agency explained that the rise in the CPI to 3.6% is due to the increase in electricity prices, following…
Alicia García Herrero (Natixis) | As the Reserve Bank of New Zealand (RBNZ) hiked aggressively to contain surging inflation, the New Zealand economy fell into a technical recession in 2023. While the recovery in exports has offset the weakness in housing investments, private consumption has softened on the back of households’ higher interest payments. Nevertheless, because inflation was still elevated at +4.0% year-on-year in Q1-24, well above the 1-3% target…
Telefónica Brasil, a subsidiary of TEF, confirmed on Wednesday that it is “in talks” to buy Brazilian operator Desktop, although at the moment there is no definitive decision or formalisation of a deal. The company has assured that it is constantly analysing market opportunities and investments aligned with its strategy and has committed to keep its shareholders duly informed of any move. For its part, Desktop has reiterated that at…
Today, the Congress of Deputies is expected to approve the amnesty that Pedro Sánchez had branded as “unconstitutional” but which he finally negotiated with Carles Puigdemont to obtain in exchange the seven votes of Junts that he needed to be able to go to the presidential investiture after losing the elections on 23 July 2023. It is very possible that any of the judges who are forced to apply it…
Bankinter| The Shanghai local government has approved measures to support the real estate sector: it is reducing the amount of the mandatory down payment and the interest rate on mortgages. The measure is expected to be extended to other cities such as Beijing and Shenzhen. The down payment required from buyers is reduced by 10% to 20% of the property value for first home buyers and up to 30% for…