Relevant News Item

Companies, Relevant News Item 8th May 2026

Ferrovial’s revenue rises 2% in Q1 2026 to €2.1 billion, Construction growth slows to 3% compared with 12% in previous quarter

By Intermoney Ferrovial (Hold, Target Price €45) has published its Q1 results following the close of trading in New York, and will hold a conference call today at 3pm, which can be accessed via this link. The key figures, alongside our estimates, are shown in the attached table. Overall, EBITDA rose by 4% to €321m in Q1, slightly above Intermoney’s estimate (€317m), in what was a period of moderated growth…

Companies, Relevant News Item 7th May 2026

Santander partners with Uber to provide up to €1 billion in financing for tech firm’s fleet operators’ expansion in Europe

Link Securities| Banco Santander and Uber Technologies announced on Tuesday an agreement to support the growth of Uber’s main fleet operators in Europe, including Spain, Germany and Italy. The programme, worth up to €1 billion, as explained by the companies in a statement, has been designed to meet the financing needs of professional fleet operators. By providing better access to flexible and agile financing, both companies aim to boost fleet…

Companies, Relevant News Item 6th May 2026

Escribano sells 14.3% stake in Indra for €1.322 billion, ending relationship between two companies

Bankinter | The Escribano brothers have sold their 14.3% stake in Indra, valued at €1.32 billion. The details of the transaction are not yet known. Based on yesterday’s closing price, the transaction would be valued at €1.322 billion. With this move, Javier Escribano resigns as a director of Indra, as Ángel Escribano did after stepping down as Chairman on 1 April 2026. Analysis team’s view: Slightly negative impact on the…

Companies, Relevant News Item 5th May 2026

Acerinox sees possibility of increasing EBITDA by €500 million per year, and of listing in US

Link Securities | Acerinox (ACX) sees potential to increase its operating cash flow (EBITDA) by up to €500 million a year, according to forecasts presented by the company’s chairman, Carlos Ortega, during a press briefing ahead of the Annual General Meeting, as reported by the newspaper Cinco Días. The Spanish listed company’s projections include a potential increase of up to €300 million in operating profit thanks to inorganic growth in…

Companies, Relevant News Item 4th May 2026

Sale of TSB to Santander generates €300 million capital gain for Sabadell

Renta 4 | Having obtained the necessary regulatory approvals, Sabadell and Santander have completed the sale of TSB. On Thursday, 100% of the share capital of TSB Banking Group plc (TSB) was transferred to Santander UK plc for a total of €2.863 billion, resulting from the agreed price of £2.65 billion, adjusted upwards by £213 million due to the positive change in TSB’s VNCT between 1 April 2025 and 30…

Companies, Relevant News Item 30th April 2026

BBVA reports 1Q26 attributable profit of €2,989m, 7% above company consensus of €2,803m

Jefferies | 7% profit beat on better revs (NII and trading income), partly offset by higher costs and impairments. While every market was a beat, the strong NII momentum was driven primarily by Turkey&South America, with both Spain&Mexico broadly in line. 1Q26 CoR trailing worse than FY26 guide, albeit partly explained by c100m EUR PMA top-up. FY26 RoTE now seen >20% (vs c20% before), with upside risk to Mexico growth…

Companies, Relevant News Item 29th April 2026

Santander reports 1Q26 net attributable profit of €5,455m, 3% above company-compiled consensus of €5,291m

Jefferies | The print includes a €1.9bn capital gain in relation to the sale of the Polish business. Excluding this, net profit of €3,560m was also a 3% beat. PBT was a 2% miss on higher impairments, with pre-prov profits 3% above consensus. Revenues were a 1% beat, with NII 2% above and fees broadly in line. Costs were a 1% beat, with a C:I ratio in the quarter of…

Companies, Relevant News Item 28th April 2026

Enagás Renovable plans to invest around €2.5 billion to consolidate commitment to green molecules

Alphavalue/Divacons | Enagás Renovable plans to invest around €2.5 billion over the coming years to consolidate its commitment to green molecules, particularly renewable hydrogen and biomethane. The company regards these energy sources as strategic elements for strengthening energy self-sufficiency, promoting reindustrialisation and creating jobs in Spain.

Companies, Relevant News Item 23rd April 2026

Sacyr’s Q1 2026 results preview: Accounting EBITDA stable at €302 million thanks to new projects in Italy

Intermoney | Sacyr (Buy, Target Price €4.80 from €4.60) will announce its results for the year to 26 March next Wednesday, 29 April, holding a conference call the following day at 12 noon. We expect the Group to have continued its trend of stabilising accounting EBITDA, whereby the lower contribution from the Pedemontana Veneta (PV) motorway and the sale of Colombian assets would be offset by a higher contribution from…

Companies, Relevant News Item 22nd April 2026

Iberdrola completes installation of first wind turbine at East Anglia Three wind farm

Alphavalue/Divacons | The utility, through its British subsidiary ScottishPower, has completed the installation of the first wind turbine at the East Anglia Three wind farm. This turbine is the first in the UK to feature 115-metre blades, the largest ever manufactured and assembled in British waters. Meanwhile, Mario Ruiz-Tagle, CEO of Iberdrola Spain, has described it as “essential” that Red Eléctrica de España (REE) shares the audio recordings and information…

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