Norbolsa | The aerospace company announced that it had delivered around 60 aircraft in June, bringing the total for the first half of 2025 to just over 300. This figure is below the pace needed to reach its annual target of 820 deliveries. The company would have needed to deliver 410 aircraft by June to be on track to meet its annual target. In this regard, the company announced that…
Acclaimed by all attendees and with 99% of the votes, Alberto Núñez Feijóo was re-elected as the Secretary-General of the PP this weekend. But the political news from the XXI PP Congress is that Feijóo pledges not to govern in a coalition with Vox, not to make pacts with “this PSOE,” and not to “submit” to the nationalists. In other words, he intends to govern alone. “I don’t want to…
Permanently blackmailed by his legislative partners—ranging from the far-right Catalan party Junts to the communists of Sumar or the heirs of ETA—the PSOE has been unable to present a budget in two years, and the processing of every law has become an impossible mission. It was known that governing after losing the elections, with impossible alliances, would lead to an impossible labyrinth. The dead end we find ourselves in today….
Alphavalue/ Divacons | The European Commission yesterday presented an ambitious proposal for the European Union to reduce its net greenhouse gas emissions by 90% by 2040, compared to 1990 levels. The proposal includes new flexibilities designed to ease the burden on domestic industries. Under the plan, the EU could purchase carbon credits from developing countries, which could account for up to three percentage points of the overall 90% reduction target.
Intermoney | Donald Trump announced yesterday that he had reached an agreement with Vietnam. The terms stipulate that Vietnam will pay the United States a 20% tariff on all goods exported to US territory and a 40% tariff on any transhipments, while in return, Vietnam will grant the United States full access to its commercial markets. Vietnam presented a particular challenge for the Trump administration, as some of the president’s…
Link Securities | The United Arab Emirates is organising a summit in Madrid on 8 July where it will propose strengthening its investment in renewables and reviving its interest in Naturgy (NTGY), following the failed takeover bid in 2023 alongside CriteriaCaixa. Abu Dhabi has €30 billion to invest in Spain, and recent changes at Criteria, with Francisco Reynés at the helm, could facilitate new negotiations. Other major Naturgy shareholders, such…
Link Securities | Duro Felguera (MDF) reports that the company’s objective is to agree on a restructuring plan with its creditors before 31 July, the date authorised by the judge handling the proceedings, in order to avoid bankruptcy. If a restructuring plan is agreed, MDF will request its judicial approval. The restructuring plan involves a risk for shareholders, as it could affect the company’s financial position. At the date of…
The Spanish government will release a Public Employment Offer (OEP) this year for up to 27,000 positions for the General State Administration (AGE), a 15% decrease compared to last year’s offering. The CCOO trade union, which did not support last year’s OEP—considering it insufficient—estimates around 27,000 positions, with 16,500 being newly created. These figures do not include positions for the Armed Forces and State Security Forces. The reduced number of…
Link Securities | Activist fund Elliott Management, which last March burst onto the scene by acquiring a stake in Repsol, Spain’s leading oil company, continues to climb the ranks, Expansión reports today. According to National Securities Market Commission (CNMV) records, it now holds 1.35% of Repsol’s capital, which at current prices is equivalent to an investment of almost €200 million. In half a dozen successive transactions since March, the fund…
Bankinter | The Senate approved, by a narrow margin of 51 to 50, the stimulus package proposed by President Trump, known as “One Big Beautiful Bill”. The approval was only possible thanks to the tie-breaking vote of Vice President JD Vance, after three Republican senators joined the Democratic opposition. Bankinter analysis team’s view: The package, which now goes to a new vote in Congress, provides for extending and making permanent…