The world economy is expected to grow by just 2.4% in 2024 (vs. 2.6% in 2023), indicating weak growth for the third year in a row, before rebounding to 2.7% in 2025. These levels are below the 3.1% average growth of the previous decade. This year, real GDP growth is projected to weaken in both advanced economies – 1.2% in 2024 compared to 1.5% in 2023 – and emerging economies…
Link Securities| Solaris Bus & Coach (a subsidiary of CAF (CAF)) will deliver hydrogen buses to another European city. The buses were ordered by Germany’s Rheinbahn Düsseldorf, according to CapitalBolsa.com on Tuesday. The bus manufacturer will supply the city of Düsseldorf with 10 Solaris Urbino 12 hydrogen buses. The ordered hydrogen buses will be an innovative way to boost sustainable transport in the city of Düsseldorf, which has set itself…
This was stated yesterday by Junts spokesman Josep Rius: “What we want is that these companies that have their majority activity in Catalonia have their headquarters in Catalonia,” he said, adding that “what we propose is to encourage the return of these companies, so that they can return with tax benefits, and those that do not do so but have greater activity in Catalonia should be penalised”. In exchange for…
Following the accusations made by Gotham City Research about alleged accounting irregularities at GRIFOLS (GRF), where on Monday it declared 0.5% of its capital in short positions, the plasma derivatives multinational sent a new statement to the CNMV (National Securities Market Commission) yesterday afternoon in which it denied the main arguments of the bearish investment firm. GRF stresses that all the information is contained in public documents submitted to the…
Banco Sabadell : The FAA (Federal Aviation Administration) decided to order a flight ban on the 737 Max model 9 (the longest-range variant of the single-aisle models) following the Alaska Air incident on the night of 5 January last. Specifically, the incident was caused by the loss of part of the fuselage during flight -its plugged exit door exited the airframe shortly after departure from Portland International Airport- which resulted…
Bankinter: Industrial Production in November was worse than expected: -4.8% year-on-year versus -4.0% expected and -3.4% previously (revised from -3.5%). In monthly data: -0.7% month-on-month against +0.3% expected and -0.3% previously (revised from -0.4%). Bankinter assessment: Weak data. This is the sixth consecutive decline of the indicator in annual rate and reflects that the weakness of the manufacturing sector is still present. The slowdown in demand in a context of…
Gotham City Research, the investment fund that denounced the Gowex fraud and caused the company’s stock market collapse, has issued a negative report on Grifols on Tuesday. It considers that the Spanish pharmaceutical company has manipulated its accounts “to artificially reduce its leverage”. As a result, it considers that “the shares are not investable” because “they are probably worth zero”. Gotham accuses Grifols of having manipulated debt and Ebitda to…
The meeting to agree on the increase in the Minimum Wage (SMI) ended yesterday after barely an hour and a half of meeting between the Government and the social partners without any progress and with a climate clouded by previous threats to employers by the Secretary of State for Labour and Social Economy, Joaquín Pérez Rey. “If we do not reach an agreement around the figure of 4%, if the…
Banca March : Charles Michael, the current President of the Council, is standing as a candidate in the European Parliament elections in June. If elected, he would have to resign before being sworn in as an MEP on 16 July, bringing his term of office to an end more than four months early. If no replacement were to be found, the Hungarian prime minister would be able to act as…
Bankinter| Ferrovial has notified the SEC, the US stock exchange regulator, of its intention to list on the Nasdaq. The aim is to ring the bell before the end of the first quarter of this year. The choice of Nasdaq over NYSE is due to several reasons: lower cost, electronic trading and greater dynamism. Analysis team’s opinion: Ferrovial had already announced its intention to list in the US. In fact,…