Link Securities | The president of Banco Santander (SAN), Ana Botín, said on Tuesday that the United Kingdom is a key market for the group and ‘will remain so’ in the future, after it was published a few days ago that the bank would be rethinking its continuity in the country, according to the Europa Press agency. During her participation in a round table at the Davos Economic Forum, Botín…
Amid the BBVA’s takeover bid for Banco Sabadell, the bank has decided to leave its current headquarters in Alicante—where it moved on October 5, 2017, at the beginning of the Catalan independence process—to return to Catalonia, to Sabadell. This decision is pending ratification by the Board of Directors. According to analysts, returning to Catalonia will allow Banco Sabadell to gather political and social support to hinder the ‘assault’ by the…
Link Securities | The government, with the appointment of Marc Murtra as executive chairman of Telefónica, plans for the operator to take control of all or part of Indra’s technology subsidiary, Minsait, according to information from El Periodico reported by Bolsamania.com. With this major corporate move, the executive aims to create a national telecommunications and technology champion. At the same time, it would also enable Indra to gain weight in…
Bankinter: Car sales increased by 5.1% in December. As a result, the annual accumulated figure rose slightly (0.8%) to 10.6 million units. Analysis team’s opinion: Sales show a weak evolution in the annual accumulated figure. Financing costs remain high, growth in Europe remains timid and doubts persist as to the type of vehicle to be purchased. The breakdown of the data shows that electric vehicle sales fell 10.2% in December,…
According to press reports, the Congress will overturn this Wednesday the energy tax by the vote against it by the PNV, who would not have negotiated with the Treasury. Likewise, Junts would also be against the measure and Podemos considers that the PSOE would have failed to fulfil its commitments. Thus, the royal decree-law approved at the end of December that extended the tax burden to the sector which included…
Intermoney | On Saturday afternoon, Telefónica (TEF) informed the National Securities Market Commission (CNMV) that it was dismissing its current chairman, Jose María Álvarez-Pallete, and appointing Marc Murtra (current chairman of Indra) as the new chairman. Indra (IDR) yesterday issued a statement announcing the resignation of its current chairman, and also announcing the appointment of Ángel Escribano as the new executive chairman. Escribano is co-founder and owner with his brother…
CdM: The annual inflation rate in the euro area was 2.4% in December 2024, up from 2.2% in November. A year earlier, the rate was 2.9%. Annual inflation in the European Union was 2.7% in December 2024, compared with 2.5% in November. A year earlier, the rate was 3.4%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were recorded in Ireland…
Bankinter | Banco Santander (SAN) is reviewing the strategic positioning of its UK franchise. According to the British press, Santander could sell its subsidiary and points to Barclays as a possible interested party. Opinion of Bankinter’s analysis team: Positive impact. It is normal for Banco Santander to explore alternatives to improve the profitability and/or risk profile of its UK franchise, but we see a corporate transaction as unlikely. Santander UK…
Norbolsa | Repsol (REP) published its trading statement for 4Q24 on Wednesday at the close of the market. The production figure for Q4 (554 k b/d) was similar to that of Q324 and 7% lower than in Q422, with the maintenance of Brazil being offset by higher production in Libya. On a yearly basis, production stood at 571 k b/d, at the lower end of its target range for the…
Last Saturday, in an extraordinary meeting, the board of directors of Telefónica accepted the resignation of Álvarez Pallete – agreed upon the day before at Moncloa – and the appointment of Marc Murtra, who was until then the president of Indra. Murtra had similarly ascended to the presidency of Indra after a government maneuver. Murtra, a man close to the PSC, finds himself with a company whose shares are trading…