CdM | Retail sales fell by 0.1% in March in both the Eurozone and the European Union (EU) as a whole compared to the previous month, according to data published by Eurostat, the EU statistics office. In year-on-year terms, the volume rose by 1.5% in the Eurozone and 1.4% in the EU. In detail, compared to the previous month, the volume of retail trade in the eurozone fell by 0.1%…
Intermoney: Construcción y Auxiliar de Ferrocarriles (CAF) has won new maintenance contracts in UK and Colombia worth €400 million. CAF (Buy, P.O. €42) informed the National Securities Market Commission (CNMV) on Monday that it had reached an agreement with Northern, the second largest rail operator in the UK, and Medellin Metro in Colombia for the maintenance of their fleets. In the case of the UK, it is a fleet of…
Link Securities | Grifols (GRF) informed the National Securities Market Commission (CNMV) that on Tuesday the German federal financial supervisory authority, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), approved the publication of the offer document submitted by its subsidiary Grifols Biotest Holdings GmbH with the terms and conditions of the public takeover bid for delisting launched to all shareholders of Biotest AG to acquire all ordinary shares of Biotest, of which Grifols…
Norbolsa | The Spanish bank has agreed to sell 49% of its stake in Santander Bank Polska to Erste Group for around €6.8 billion, as part of a strategy to simplify its global footprint and focus on strategically connected markets. The deal also includes the sale of 50% of its asset management business in Poland, valued at €200 million, bringing the total value of the transaction to €8.9 billion. With…
Bankinter | Non-Farm Job Creation (April) beats expectations, but revises downward from previous record: 177K against 138K expected and 185K previous. Unemployment Rate repeats at 4.2% as expected and Average Wages/Hour remain at 3.8% year-on-year versus 3.9% year-on-year expected. Bankinter’s analysis team’s view: The data as a whole is consistent and, therefore, positive in the current context in which the US economy finds itself. The labour market continues to show…
Link Securities | According to the Border Tourist Movement Survey (FRONTUR), Spain received nearly 6.6 million international tourists in March, 3.8% more than in the same month of 2024. The United Kingdom was the main country of residence for tourists arriving in Spain, with more than 1.2 million tourists in March and an increase of 3.6% compared to the same month in 2024. From Germany, 896,441 tourists arrived (down 1.4%)…
According to data from the Ministry of Labour and Social Security, the number of unemployed individuals decreased by 67,420 people in April (down 2.6%), to 2,512,718 people. This was a result of hiring in the services sector, which accounted for nearly three-quarters of the decrease in unemployment, a sector particularly active due to the celebration of Easter Week in April. The decrease in unemployment was greater than in the same…
The theft of 150 meters of copper cable at five points on the Madrid-Seville line caused chaos on the High-Speed line between Sunday and Monday, with 30 trains and 10,700 passengers affected by delays of up to 10 hours. The Minister of Transport, Oscar Puente, did not hesitate to speak of “sabotage” given the low economic value of the copper and the significant damage these thefts cause to the network….
The government open a “public consultation” on BBVA’s takeover bid for Banco de Sabadell to gauge the opinion of citizens, businesses, and associations. This was announced by the President of the Government, Pedro Sánchez, during his speech at the 40th Cercle d’Economia meeting in Barcelona. “To make a decision with all guarantees, the government will open tomorrow, May 6th, a prior public consultation with the aim of collecting the opinion…
Link Securities | Eurostat published on Friday that, according to the preliminary estimate, the Eurozone consumer price index (CPI) rose 0.6% in the month of April compared to March, slightly more than the 0.5% expected by the FactSet consensus of analysts. On a year-on-year basis, the eurozone CPI rose 2.2% in April (2.2% in March), also above the 2.1% projected by analysts. As for the main components of inflation in…