Intermoney | CAF (Buy P.O. €42) informed the National Securities Market Commission (CNMV) on Monday that it had reached an agreement with Metro Madrid, for the supply of the first of the two lots that make up the operator’s investment in the renewal and expansion of its fleet. The contract consists of 40 single-voltage gauge trains for lines 6 and 8 of the network and is worth around €400 million….
Singular Bank: The French supermarket multinational fell 4.8% today after falling nearly 10%. The French finance minister has recommended that the company be fined €200m in the course of a lawsuit by its franchisees. The franchisees denounce practices such as forcing them to source their supplies from companies in the group, thus preventing them from having access to more competitive prices. The company has denied any irregular practices and hopes…
Spain received 38.7 million passengers in the first five months of the year, which is 13.6% more than in the same period of 2023, according to data published today by Turespaña, which highlights the good performance of distant markets such as Canada, China and Chile, with increases of more than 35% in the month of May. In the fifth month of the year, the good trend of the beginning has…
Oriol Aspachs (Caixabank Research) | The objective has been identified and diagnosed for some time, but it is difficult to achieve. It requires patience, public and private resources, and determination and cooperation between the different institutions and agents involved, precisely because the challenge is enormous. The Spanish economy is growing dynamically, but it is difficult to sustain in the medium term. To a large extent, it is sustained to a…
IAG’s latest proposal to take over Air Europa, submitted to the European Commission on 10 June, has increased from 40% to 52% the Air Europa capacity it would cede to other airlines (remedies) to meet the requirements of the Directorate General for Competition. The increased remedies package is the final one before the verdict of the EU authorities. It is a response to the objections report delivered by the Directorate…
Link Securities | As reported by the Bolsamania.com portal, Iberdrola (IBE) and Eroski have reached an agreement to install 1,000 charging points of different power ratings for electric vehicles at around 300 of the distribution group’s sites in 11 autonomous communities over the next three years. The new facilities will use 100% green energy, from renewable sources with a guarantee of origin certificate, and will save 30,000 tonnes of CO2…
Norbolsa | Proxy ISS has recommended that large international funds to vote in favour of the capital increase that will be needed to execute the transaction. These investors include Black Rock with 5.91%, Capital Group with 5.02%, Varguard 4.95%, Norges 3.13%, JP Morgan 1.42% and Goldman Sachs with 1.35%. The meeting will be held on 5 July and will decide on the issue of 1.13 billion shares. ISS believes the…
Link Securities | Eurostat published yesterday that, according to its first estimate of the data, the Eurozone goods trade balance reached a surplus of €15,000 million with the rest of the world in April, compared to a deficit of €11,100 million in April 2023. In April, exports of goods from the Eurozone to the rest of the world amounted to €247.6 billion, an increase of 14.0% year-on-year. For their part,…
Renta 4 | The FDA has approved the marketing of Yimmugo, an intravenous immunoglobulin (Ig) therapy developed by Biotest, a company controlled by Grifols, for the treatment of primary immunodeficiencies. The announcement marks the first approval of a product from Biotest’s portfolio by the US FDA and strengthens Grifols’ intravenous and subcutaneous immunoglobulin franchise in the world’s leading market. The product, which has already been marketed in the EU since…
In recent weeks CriteriaCaixa, the investment arm of la Caixa, has entered Puig, ACS and Colonial, increased its stake in Telefónica and exited Cellnex, while awaiting the outcome of Naturgy. These corporate operations are a sign of the change of cycle in which CriteruaCaixa is immersed, which yesterday presented its strategic plan until 2030. Its main objectives are to increase the gross value of its assets by 48% to 40,000…