Singular Bank reports The main European indices closed with losses of over 1 per cent, on a day marked by a clear shift towards risk aversion. The sharp rise in oil prices and tighter expectations regarding central banks weighed on equities, causing the Euro Stoxx 50 to fall by 1.7 per cent and the Ibex 35 by 1.6 per cent. As European markets closed, selling pressure intensified in the US…
Reported by the Consejeros Editorial Team Iberdrola has signed a sale and purchase agreement with Suomi Power Networks, controlled by the Ontario Teachers’ Pension Plan (Canada) and the KKR fund, for the acquisition – direct or indirect – of 80 per cent of the share capital of the company that holds 100 per cent of the shares in two Finnish concessionary companies, “Caruna Oy” and “Caruna Espoo Oy”, which together…
The company explains that these figures come against a backdrop of high volatility in the energy markets, which has led to greater price fluctuations and restricted supply. Reported by Consejeros Editorial Team Repsol’s net profit soared in the first half of the year to €2.201 billion. According to information submitted to the National Securities Market Commission (CNMV), this result represents a threefold increase (265%) in profits compared with the period…
The firm believes that, despite the impact of the rise in real interest rates on fixed-income markets in the coming quarter, the credit market may continue to show resilience as long as growth remains robust and inflation stays under control. Report by Neuberger Movements in interest rates this year have been driven primarily by the rise in real interest rates rather than by an increase in inflation expectations. Real interest…
Reported by the Consejeros Editorial Team The Eurozone’s public deficit at the end of the first quarter fell by one tenth of a percentage point compared with the last three months of the previous year, to 3.1 per cent of Gross Domestic Product (GDP), whilst public debt rose by 1.2 percentage points, reaching 88.9 per cent, according to figures from Eurostat, the statistical office of the European Union (EU). As…
Naturgy reported a net profit of €1,215 million in the first half of the year, representing a 6% increase compared to the same period last year. The company also upgraded its 2026 forecast, targeting record earnings of more than €2,100 million for the full year, according to a company announcement. Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the country’s largest gas company and third-largest power utility stood at…
Spain is the European Union country with the largest amount of burned land so far this year, exceeding 120,000 hectares, according to updated data from the European Forest Fire Information System (EFFIS). It is followed at a distance by Italy (with 48,000 hectares) and France (with 46,000 hectares). Provisional data from the Ministry for the Ecological Transition and the Demographic Challenge (Miteco) indicated that, up until July 12, fires had…
The cumulative value of deals announced in 2026 has already reached $211bn, surpassing any full year since 2018. Meanwhile, activity in the first seven months of the year is approximately 80 per cent higher than that recorded in the same period of 2025. Report by Morgan Stanley One of the most notable developments in recent weeks has been the sharp rebound in M&A activity in Europe, a trend that has…
Report by Singular Bank The main European indices closed the session with widespread gains, buoyed by an earnings season that continues to surprise on the upside. The Euro Stoxx 50 rose by 0.5 per cent and the Ibex 35, in line with the main European markets, rose by 1 per cent. In the United States, at the close of European trading, performance was more subdued. The S&P 500 was virtually…
Reported by the Consejeros Editorial Team The European Commission has imposed a record fine of €550 million (around $629 million) on AliExpress, the retail platform owned by the Alibaba Group, for breaching the EU’s content moderation regulations (Digital Services Act), by failing to adequately assess the sale of illegal or counterfeit products on its platform. It is the largest fine imposed to date under this regulatory framework. The case directly…