Yesterday, Wednesday 3 April, the window for filing online personal income tax returns for 2023 opened. The campaign will run until 1 July and 23,281,000 returns are expected to be filed, 1.2% more than last year. Of these, almost 63% – 14.6 million, 3% less – are expected to be entitled to a refund, for an estimated amount of €11.65 billion. On the other hand, the Treasury estimates that more…
The new plant in Cartagena (Murcia), in which €250 million have been invested, has a production capacity of 250,000 tonnes per year, processing some 300,000 tonnes per year of organic waste, such as used cooking oil and food waste, among others. It can produce renewable diesel and sustainable aviation fuels (SAF), which can be used in any means of transport: cars, trucks, buses, ships or planes, taking advantage of existing…
Intermoney| The INE (National Institute of Statistics) published the data on tourist arrivals in Spain in the month of February on Tuesday, with more than 5 million international tourists, exceeding by +16% the data of 2023 and +14.4% those of 2019. Moreover, the average expenditure per tourist increases by +8.5% vs. Feb ́23 and +27% vs. Feb ́19. The main countries of residence of tourists visiting Spain in January were:…
Link Securities| Telefónica (TEF) and its subsidiary VMO2, which it controls 50/50 with Liberty, are facing the reopening of proceedings in the United Kingdom for possible anti-competitive practices, according to Telefónica on Wednesday. Also involved in the case are Everything Everywhere (EE, now a subsidiary of British Telecom (BT-GB)), Deutsche Telekom (DTE-DE), Vodafone (VOD-GB) and Orange (ORA-FR). The administrators of Phones4U, a company that went into receivership almost a decade…
And one of the recommended shareholders is the creator of the master’s degree that the president’s wife now directs. Incredible but true: Begoña Gómez signed a letter to help two private companies to get a Government award in 2020, during the pandemic. The wife of the President of the Government, Pedro Sánchez, expressed her support for a Temporary Joint Venture (UTE) that submitted a €7.7-million tender from the Ministry of…
Renta 4| A historic start to the month for Alphabet, which begins to rise above the highs of late 2021 at $151. The long term uptrend remains above $112, the area where the uptrend line connecting the lows of 2009, 2020 and 2022 passes. The latest rallies have begun to close the gap in the worst relative performance with respect to the Nasdaq 100, which has been open since last…
Renta 4| According to press reports, Renfe could have started the procedures to execute the €166 million sanction on Talgo for the delay in the delivery of 30 AVE trains. The latest news in this respect pointed to a first delivery of 10 trains from 8 April, 10 more by the end of the year, and the remaining 10 in 2025. Assessment: If the news is confirmed, it would have…
Bankinter| The State of Texas could make use of its contractual right to claim the return of the SH-288 toll road to the amount of $1,731M (about €1,600M) currently controlled 43.24% by ACS and the remaining 56.76% by Abertis. Last Thursday, the state transport commission gave its approval to the plan and a six-month negotiation period is now open to either terminate the contract or avoid it. Bankinter’s analysis team’s…
The number of unemployed fell in March by 33,405 (after going down by 7,452 in February and 48,760 in the same month last year). The number of unemployed now stands at 2.73M (-1.2% month-on-month and -4.7% year-on-year). Seasonally adjusted Social Security affiliates increase to 21.03M people (+0.4% month-on-month and +2.4% year-on-year). For Sara García, Secretary for Trade Union Action and Employment of the trade union Unión Sindical Obrera (USO), “we…
On Monday, 1 April, the price of electricity on the wholesale market was €0 for ten hours and for another three it was negative for the first time in the history of Spain. Specifically, the megawatt hour (MWh) was quoted at €-0.01, according to the Iberian Energy Market Operator (OMIE). However, the reality is that the price of energy on the wholesale market is only one of the factors that…