Link Securities | Indra (IDR) will invest €200 million in its newly created artificial intelligence subsidiary, IndraMind, with the aim of growing in artificial intelligence, cybersecurity and cyber defence, according to Expansión newspaper. Indra plans to make acquisitions to develop this new subsidiary and aspires to compete with the US company Pallantir.
Banc Sabadell | Talgo (TLGO) minority shareholders, through the AEMEC, have criticised the entry of the State Company for Industrial Investments (SEPI) as they believe it could have benefited from the takeover bids, which did not materialise, according to press reports. SEPI’s entry through a rights issue prevents them from benefiting from this option. In addition, AEMEC also believes that there could be concerted action between SEPI and the Basque…
Renta 4 | Naturgy (NTGY) has carried out an accelerated placement of approximately 2% of its capital, 19.3 million shares held in treasury, for approximately €500 million. This represents a price per share of €25.9 and a discount of 7.1%. In addition, it has agreed to sell up to 34.1 million shares, also held in treasury, representing approximately 3.5% of the capital, to an international financial institution. Naturgy has entered…
Link Securities | According to data from the Department of Labor, the US economy added 73,000 non-farm jobs in July. The figure is well below the 115,000 jobs expected by the consensus of FactSet analysts. In addition, June’s job creation figure was sharply revised downward from an initial 147,000 jobs to just 14,000 jobs, and May’s figure was also revised downward by 125,000 jobs. Taken together, the May and June…
Bankinter | OPEC+ agreed to increase production in September by 547,000 b/d. This is the sixth consecutive monthly increase. With this move, it completes the restoration of 2.2 Mbd that it withdrew from the market in 2023. OPEC justifies its decision on the basis of the stability of the global economic outlook and the solid fundamentals of the market (low inventory levels). As a reference, OPEC+ (which includes other countries…
Bankinter | The number of unemployed fell by 1,357 in July, from 48,900 in June. Unemployment stands at 2.40 million people (down 0.06% month-on-month and 5.71% year-on-year). Seasonally adjusted Social Security enrolment stands at 21.6 million people (up by 31,080 workers, 0.14% month-on-month and 2.24% year-on-year). Bankinter analysis team’s view: The number of unemployed fell slightly in July, compared to the slight upturns in August in recent years. The number…
Link Securities | Banco Sabadell (SAB) announces that, following the last of the acquisitions, it has completed the execution of the Share Buyback Programme, having reached the maximum monetary amount of €755 million provided for in the Programme, which represents the acquisition of a total number of 264,551,530 treasury shares or approximately 5.003% of SAB’s share capital as of this date. As indicated, the purpose of the Buyback Programme is…
Alphavalue/DIVACONS | The energy company increased the contracted power associated with its electric vehicle charging points on public roads by 23% during the first half of the year. The power figure in its distribution network rose from 175 MW at the end of 2024 to 215 MW at the end of June.
Banc Sabadell | The National Markets and Competition Commission (CNMC) has liberalised 100% of the broadband market, a decision that will come into force in February 2026. The CNMC believes that with the rollout of fibre by telephone companies and the creation of Masorange, Telefónica (TEF) can no longer be considered to have a dominant position. The last market review was carried out in 2021, increasing liberalisation to 70% of…
Link Securities | Amper (AMP), specialising in energy, defence and communications, closed the first half of this year with a record order book, mainly thanks to increased demand from the defence sector, where orders are skyrocketing due to international geopolitical tensions, according to the newspaper Expansión. Amper, as reported to the National Securities Market Commission (CNMV), managed an order book worth €572 million at the end of the first half…