Link Securities | The Bank of England’s (BoE) Monetary Policy Committee approved by five votes to four a quarter-point cut in its benchmark interest rate to 3.75%, the first cut since last August. The four members who voted against the move argued for keeping rates unchanged. On this occasion, BoE Governor Andrew Bailey supported the decision to cut rates. The BoE’s benchmark rate is now at its lowest level since…
Norbolsa | The investment arm of Fundación LaCaixa has taken advantage of the partial sale executed last week by BlackRock to strengthen its position as the largest shareholder in the energy company and increase its stake to almost 26% of the capital, according to records from the Spanish National Securities Market Commission (CNMV). CriteriaCaixa thus recovers part of the weight it lost with the “self takeover bid” carried out by…
Renta 4 | The company has announced FDA approval for the launch in the US of the new fibrinogen concentrate FESILTY for adult and paediatric patients with congenital fibrinogen deficiency. FESILTY is a product developed by Biotest, which will be marketed in the US by Grifols. The company expects FESILTY to be available to US patients experiencing acute bleeding episodes caused by this protein deficiency from the first half of…
These are the first elections of the new electoral cycle after 2 years without polls in Spain, and the results confirm what the surveys predicted: The PP will continue to govern in Extremadura after achieving 43% of the vote and 29 seats (up from 28). Meanwhile, the PSOE collapses (dropping from 28 seats—equal to the PP’s previous count—to 18), and the fringes on both sides are rising: the right (Vox…
Bankinter | Airbus has announced four contracts for the acquisition of 100 helicopters, as part of the National Helicopter Plan announced in May, worth around €4 billion and to be delivered between 2027 and 2031. Airbus Helicopters will strengthen its capabilities in Spain, creating more than 300 highly skilled jobs. The Albacete plant will have a new military helicopter customisation centre and an international training centre for pilots. Analysis team’s…
Alphavalue/DIVACONS | The financial institution has approved a buyback plan of up to €3.96 billion, to be executed in several phases. The bank, which had already announced that it would distribute its excess capital after the takeover bid for Banco Sabadell fell through (add Target Price €4.15/share), will consume 100 solvency points with the operation. It will be carried out in stages and will begin on Monday 22 December. The…
Norbolsa | The company has announced the acquisition of 100% of Spanish company Jet Aircraft Services (JAS), entering the aircraft maintenance, preservation and dismantling sector. The purchase price has not been disclosed, although in 2024 the company had sales of €7.39 million and a negative result of €233,119. With more than 25 years of experience, JAS has an operational presence at Spain’s main commercial airports: Adolfo Suárez Madrid-Barajas, Barcelona, Seville,…
Link Securities | Indra (IDR) and GMV have signed an agreement to work together on the development of cutting-edge systems and services for the Armed Forces that will help strengthen national sovereignty and the competitiveness of Spanish industry in the European and global markets, according to the financial website Bolsamania.com. Both companies have indicated that they have identified a number of areas for collaboration to combine the technologies and systems…
Bankinter | CVC and Corporación Financiera Alba (controlled by the March family) have announced a reformulation of their shareholder agreement with Naturgy (NTGY). CVC and CF Alba currently hold more than 18% of Naturgy, but manage it jointly through various vehicles under the common name of Rioja. With the new changes, Alba will have a direct stake of 5.01% and CVC of 13.80%. The new agreement includes the main aspects…
The World Travel & Tourism Council (WTTC) announced this Thursday its decision to relocate its headquarters from London (United Kingdom) to Madrid, following a selection process among several candidates, including Geneva, Milan, Paris, and Dubai. This decision was unanimously supported by the 17 members of the international organization’s executive committee, based on evaluation criteria across six areas, such as rental costs, tax environment and incentives, government support, and proximity to…