Courts across Spain registered 1,782 judicial proceedings for the occupation of homes during the first nine months of the year, according to data released by the General Council of the Judiciary (CGPJ). In just the third quarter of 2024, there were 580 judicial complaints for home occupation, a 55% increase year-on-year compared to the 373 judicial complaints from the summer of 2023, confirming that the issues of legal insecurity affecting…
Alphavalue/DIVACONS | The technology company successfully closed a €20 million capital increase, with the aim of boosting its growth through international expansion in key markets such as the United States and China. In addition, it will seek to develop its intelligent robotics and aerospace and defence units, and will strengthen its R&D area to diversify into new sectors.
Link Securities | According to information sent to the National Securities Market Commission (CNMV) by the company, the credit agency Fitch Ratings has confirmed Acciona Energía’s long-term issuer default rating (IDR) at “BBB-” (last step of investment grade), with a “stable” outlook. According to Fitch, the €1bn sale of Spanish hydro assets to Endesa Generación and good progress on other disposals (likely to be completed by 2025) are consistent with…
Alicia Gª Herrero (Natixis) | On the eve of Donald Trump’s election win in November, the world economy was already under stress with a slowing Europe, a grinding war in Ukraine and a stagnant Chinese economy. Yet there was hope that as central banks started to bring high inflation under control, lower interest rates would buoy economic activity and the world economy in 2025. But Trump’s victory is taking the…
Alphavalue/DIVACONS | The oil company’s CEO, Jose Jon Imaz, criticised the government for “settling regulatory and fiscal policies in a bazaar” and urged to “raise our voices against the tax on energy companies”, assuring that it is “making investment in Spain impossible”. In other news, as we read on Monday in elEconomista, Ecopetrol has entered the sale of 45% of the Colombian oilfield CPO-09, which Repsol held in the country…
Link Securities | BBVA (BBVA) announced on Monday that it has created a new unit to boost its expertise in data-driven services. Through the new Analytics Transformation Unit, BBVA is uniting its international team of more than 2,500 data scientists and specialists and will boost the development of its data-driven services with the latest advances in artificial intelligence. In this regard, BBVA points out that advanced data analysis is essential…
The Consumer Price Index (CPI) rose by 0.4% in December compared to the previous month, increasing its year-on-year rate by four tenths to 2.8%, according to preliminary data released on Monday by the National Institute of Statistics (INE). The agency explains that the increase is due to the rise in fuel prices and, to a lesser extent, to the prices of leisure and culture, which increased more in December than…
Link Securities | The company has asked the Mercantile Court No. 2 of Murcia to grant an extension of three months, that is, until March 26, 2025, in negotiations with its creditors to reach an agreement to resolve its financial situation and avoid bankruptcy, the digital portal Bolsamania.com reported yesterday. The company specialising in the manufacture of solar trackers has informed the National Securities Market Commission (CNMV) that it is…
Norbolsa | BBVA (BBVA) has already received the green light from the Mexican Competition Commission (Cofece) for its takeover bid for Banco Sabadell (SAB). On Monday, the Mexican regulator gave the bank the go-ahead, which has determined that the notified operation is unlikely to affect the process of competition and free economic concurrence. BBVA’s transaction with Sabadell includes the indirect acquisition of Sabadell’s Aztec subsidiary and the rest of its…
BancaMarch | Mortgage lending is accelerating in Spain. According to figures from the National Statistics Institute (INE), October was a historic month with a strong increase in mortgage activity. In October the number of mortgages taken out on homes grew by no less than 60.8% year-on-year (51,535 mortgages), making it the month with the highest number of mortgages granted since September 2010. The average amount of these operations stood at…