Iberdrola plans to invest €50 billion until 2028, to which it will add another €8 billion from alliances with its partners, totaling €58 billion. This represents a 40% increase over the €41 billion plan presented a year ago, as detailed this Wednesday in London during the update of its strategic plan, where it underscored its commitment to the US and UK markets. The company also anticipates investments of over €45…
CdM | Exports grew by 3.5% year-on-year in July, reaching €34.419 billion, an all-time high for this month, according to customs trade data collected in the Monthly Foreign Trade Report of the Ministry of Economy, Trade and Enterprise, prepared by the Secretary of State for Trade. This is the third consecutive month of growth. The sectors with the largest positive contributions to the annual rate of change in exports (3.5%)…
Link Securities | OHLA (OHLA), through OHLA USA, its subsidiary in the United States, has been awarded two projects in Florida worth more than $550 million, thereby strengthening its solid presence in the state’s infrastructure sector. The first, awarded by Miami-Dade County, commissions OHLA USA to execute Phase I services of the North Retaining Wall Relocation Programme at Piers 1–6 of the Port of Miami. This critical infrastructure initiative will…
Link Securities | FCC (FCC), Comsa, OHLA (OHLA), and Azvi have formed consortiums to bid for the railway corridor connecting Saltillo with Nuevo Laredo, and the connection between Querétaro and Irapuato, in Mexico, according to a report in Expansión newspaper on Wednesday. These contracts could require a joint investment of around €2.157 billion. The Spanish companies’ consortiums are competing against the local ICA and other foreign giants such as Portugal’s…
Renta 4 | Much like Acerinox, Arcelormittal is approaching historic resistance levels of €32, corresponding to a recurring peak zone since 2012. At the beginning of this year, both stocks threatened to jump above this level, but the corrections in February thwarted the attempt. Acerinox, failing to beat February’s highs of €11.65, has managed to consolidate prices above historical resistance levels at €10.20. Arcelormittal has yet to comfortably beat the…
Banco Sabadell | Both energy companies are reportedly pressuring Minister Carlos Cuerpo to intervene with the National Commission on Markets and Competition (CNMC) and modify the proposed remuneration for electricity networks. Thus, although the CNMC’s current proposal for a financial remuneration rate of 6.46% would exceed the current legal maximum of 5.58%, the law allows this limit to be exceeded for justified reasons and with an express report from the…
Aurelio Medel (5 Días) | The Catalan bank entangles the government and the community’s establishment with its commercial importance and now says it’s a matter of price. The hostile takeover bid launched by BBVA for Sabadell is a case study that could address various aspects, such as the actions of governments and regulators, boards of directors, or the different communication strategies of both entities. But when you analyze the details…
Link Securities | Telefónica (TEF) is finalising its new strategic plan, which could include a review of its shareholder remuneration policy. According to the digital newspaper Vozpópuli.com, the telecommunications company is considering the possibility of eliminating or cutting dividends in favour of greater financial control and liquidity for new acquisitions. In fact, Telefónica, which will present its next roadmap to the market on 4 November, is seeking to grow in…
Bankinter | Endesa (ENE) is the largest Spanish electricity company in terms of electricity distribution lines (320,000 km) and is calling for higher remuneration to carry out investments in networks. Last year, Endesa launched a Strategic Plan that envisaged a total investment of €9.6 billion for the period 2025-2027 (8% up on the previous plan). Forty-two per cent of the total investment would be allocated to networks (40% more than…
Renta 4 | According to information published in the press, the secretary general of the Socialist Party of Galicia has confirmed that the central government will deny Altri the electrical substation and grid connection it requires for the construction of the new plant in Palas de Rei (Lugo). This refusal comes on top of its exclusion from the Perte decarbonisation programme and the €250 million in European aid requested by…