Link Securities | The company informed the CNMV of the approval by the Board of Directors, on 6 July 2023, of a related-party transaction, consisting of the subscription by Realia of a loan with FCC, the reference shareholder of the real estate developer, for an amount of €40 million under the terms and conditions set out in the favourable report issued by the Audit and Control Committee, on 5 July…
Bankinter| Biotech led falls in the session after the FDA (regulatory agency) approved its Alzheimer’s drug, developed together with Eisai, the first to delay the progression of the disease. The problem came from unexpected testing requirements and side-effect warnings about the drug, which could limit its effective use.
Banc Sabadell : The Supreme Court has urged the MITECO (Ministry for Ecological Transition and Demographic Challenge) to pay the main distributors €320 million euros owed to them after declaring the social bonus inapplicable (Endesa €152.2 million, Naturgy €64 million, Iberdrola €103 million). In other related matters, the European Parliament has reached an agreement for the vote on the proposal on the reform of the electricity market, among which it…
BancaMarch: Official data for June came in below expectations and the previous months’ figures were revised downwards. However, despite these data, the reading of the employment figures remains positive and shows a high level of dynamism. Specifically, 209,000 new jobs were created in June compared with 306,000 in the previous month and below the 230,000 expected. It should be noted that job creation in the private sector weakened more than…
Aristóbulo de Juan (Former Head of Banking Supervision. Bank of Spain) | The current obsession of bank regulators worldwide is capital, reinforcing capital. For good reasons: capital is fundamental. But, under the surface, this appears to be a nominal rather than effective fixation, at least judging by the questionable quality of some of the components of minimum capital required by regulators in Europe and elsewhere. Moreover, paradoxically, the regulatory and…
Santander | According to Euractiv, political groups in the European Parliament have reached an agreement on the “general conditions of the EU electricity market reform… paving the way for a swift adoption of the proposal in the EU assembly before holding decisive talks with EU member states to finalise the law”. The electricity market reform, proposed by the European Commission in March, aims to avoid a repeat of the energy…
Link Securities | CAF informed the CNMV on Thursday that three Italian cities, Cagliari, Naples and Palermo have placed their trust in CAF to make decisive progress in their transformation towards sustainable urban mobility. The CAF Group will supply electric buses to Cagliari in Sardinia, metro units to Naples and trams to Palermo, the capital of Sicily. According to the company, these contracts confirm CAF’s strong value proposition as a…
Link Securities| The newspaper elEconomista.es reported on Tuesday that Mexican businessman Carlos Slim aspires to take control of Metrovacesa (MVC) with FCC and once he achieves this goal, one of his plans is to delist the developer from the stock market, as confirmed by various sources in the sector to elEconomista.es. This move would be strategic in order to be able to later propose a corporate operation to integrate Metrovacesa…
F.R. | Ibex-35 listed companies have reached 39% of female directors as of July 1 this year, 1.6 percentage points more than at the end of 2022 and just six female directors away from the target of 40% female presence on boards recommended by the CNMV for this year. These are the data provided by the Gender Diversity in Ibex 35 Boards of Directors monitor, which is published periodically by…
Norbolsa| The Popular Party (PP) has announced its electoral programme in which the following points are highlighted with regard to the energy sector: The elimination of the exceptional intervention measures in the wholesale electricity market (67 €/MWh).The extension of the useful life of nuclear power plants.The introduction of a “milestone fee”, to be paid by the project developer, to speed up the management of files, as it will serve to…