Top Stories

Relevant News Item

grifols blood bags

Relevant News Item 10th January 2024

Gotham City Research make over 20 million after sinking Grifols’ share price but don’t seem to be discovering anything really new

Following the accusations made by Gotham City Research about alleged accounting irregularities at GRIFOLS (GRF), where on Monday it declared 0.5% of its capital in short positions, the plasma derivatives multinational sent a new statement to the CNMV (National Securities Market Commission) yesterday afternoon in which it denied the main arguments of the bearish investment firm. GRF stresses that all the information is contained in public documents submitted to the…

No Picture

Relevant News Item 9th January 2024

Gotham City Research accuses Grifols of hiding Ebitda of over 10x behind artificial 6x figure

Gotham City Research, the investment fund that denounced the Gowex fraud and caused the company’s stock market collapse, has issued a negative report on Grifols on Tuesday. It considers that the Spanish pharmaceutical company has manipulated its accounts “to artificially reduce its leverage”. As a result, it considers that “the shares are not investable” because “they are probably worth zero”. Gotham accuses Grifols of having manipulated debt and Ebitda to…

nasdaq pantallas

Relevant News Item 8th January 2024

Ferrovial expected to be listed on Nasdaq in first quarter of this year, joining the Russell Indexes

Bankinter| Ferrovial has notified the SEC, the US stock exchange regulator, of its intention to list on the Nasdaq. The aim is to ring the bell before the end of the first quarter of this year. The choice of Nasdaq over NYSE is due to several reasons: lower cost, electronic trading and greater dynamism. Analysis team’s opinion: Ferrovial had already announced its intention to list in the US. In fact,…

Telefonica novisima

Relevant News Item 5th January 2024

Telefónica’s final direct cost savings with layoff programme represent close on 48% of €600m of those announced in November 2023 plan

Banc Sabadell | Telefónica (TEF) has communicated this week the agreement for the execution of the planned redundancy proceedings for its subsidiaries in Spain, which will finally affect 3,421 employees (~16% of the employees in Spain, ~3% of the Group), in line with what was already known. In the statement, Telefónica indicates that the present value of the costs associated with the plan has resulted in a provision of close…

ESG dados 2

Relevant News Item 4th January 2024

European Council takes lead on ESG certification regulation

F.R.| The European Council will soon start negotiations to take forward the new EU regulation on ESG rating providers, which already has a proposal for a Regulation on the transparency and integrity of environmental, social and governance rating activities published in June 2023. The purpose of this new regulation is to “strengthen the reliability and comparability of ESG ratings by improving the transparency and integrity of ESG rating providers’ operations,…

Iberdrola Avangrid

Relevant News Item 3rd January 2024

Iberdrola US subsidiary Avangrid pulls out of alliance with PNM Resources

Avangrid, Iberdrola’s US subsidiary, announced on Tuesday that it is terminating its merger agreement with PNM Resources due to non-compliance with the conditions set for the closing of the transaction.In this way, the group chaired by Ignacio Sánchez Galán renounces what was its big move to create an energy ‘giant’ in the United States with a market value after the merger of more than $20,000 million dollars (about €18,140 million)….

energy sector

In Spain, Relevant News Item 2nd January 2024

Major confusion in energy sector over details of “solidarity” levy’s implementation

Link Securities| The reform of the tax on large energy companies (Repsol, Iberdrola, Endesa, Naturgy and Cepsa) is generating monumental confusion in the sector, the newspaper Expansión publishes in today’s edition. To date, and despite the fact that the reform has theoretically come into force on 1 January 2024, nobody knows exactly how it will be applied. Thus, energy companies are urging the government to clarify when the reform of…

utilities

Relevant News Item 29th December 2023

Government announces extension beyond 2024 of tax paid by energy companies

Norbolsa| The Government has announced an extension beyond 2024 of the tax paid by large energy companies. However, it has also announced that it will introduce tax incentives in which strategic investments linked to industrial projects and decarbonisation can be deducted, so the scope of the deductions remains to be seen. On the other hand, the government has taken advantage of the omnibus law to extend anti-crisis measures to introduce…

caixabank sunset

Relevant News Item 28th December 2023

Caixabank reaches 94.54% execution of buyback of own shares, of a maximum amount of €500 M

Alphavalue/DIVACONS| The Catalan bank reached 94.54% execution of its buyback of its own shares in the first fourteen weeks since the start of the programme, whose maximum amount is €500 million. In these fourteen weeks, the bank has already disbursed €472.1 million to acquire 122.1 million of its own shares, according to the information sent to the Spanish National Securities Market Commission (CNMV). Caixabank: Buy, Target Price €5.36/share.

repsol estacion servicios

Relevant News Item 27th December 2023

Competition Commission opens proceedings against Repsol for possible abuse of dominant position by offering additional discounts

Link Securities| The Spanish National Markets and Competition Commission (CNMC) has just opened a disciplinary case against Repsol (REP) for offering additional discounts to its customers, according to the finance and business daily, Expansión. For the CNMC, this practice that the oil company has carried out through the companies Repsol Comercial de Productos Petrolíferos, S. A., Repsol Directo, S. A., Repsol Customer Centric, S. L., Solred, S. A., Campsa Estaciones…