Relevant News Item

In the World, Relevant News Item, World economy 8th August 2024

Bank of Japan says no rate hikes as long as markets are unstable

Bankinter | The Bank of Japan says it will not raise rates while markets are unstable. Bank of Japan Governor Shinichi Uchida stated that interest rates will remain at current levels for as long as market volatility persists. He also suggested that the BOJ will carefully consider financial market conditions before making future rate decisions. Bankinter’s research team’s view: Uchida’s dovish message has helped calm markets. The shift towards a…

In the World, Relevant News Item, World economy 8th August 2024

EU and Mercosur closer to trade deal that could save more than €4 billion a year in tariffs

BancaMarch | The European Union and the five South American countries that make up Mercosur – Argentina, Brazil, Uruguay, Paraguay and Bolivia – are moving closer on the most sensitive issues and aim to conclude a trade agreement before the end of the year. The agreement would create a market of 780 million people and, according to the European Commission, would save the EU bloc’s companies more than €4 billion…

In Spain, Relevant News Item, Spanish economy 7th August 2024

Spain’s services PMI stands at 53.9, maintains growth but at slowest pace since January

Link Securities | S&P Global’s services PMI for Spain declined in July to 53.9, down from 56.8 in June, and also lower than the consensus forecast of 56.0. Thus, the reading assumes sustained growth in the Spanish services sector, but at its slowest rate of improvement since last January, due to a slowdown in new orders and output growth. Meanwhile, new export business grew solidly once again, maintaining a rate…

Companies, Ibex, Relevant News Item 7th August 2024

Telefónica buys 5G frequencies from Masorange in 3.5 GHz band; price could reach €63 million

Bankinter | Telefónica is buying frequencies in the 3.5 GHz band , which is the standard for the bulk of 5G traffic, from Masorange. Both companies have submitted the formal request for the transfer to the Ministry of Digital Transformation. Opinion of Bankinter’s analysis team: The sale of frequencies by Masorange falls under the “remedies” or conditions imposed by the EC for the authorisation of the merger between Orange and…

Companies, Relevant News Item 7th August 2024

Renfe to seek financial compensation from Talgo for “serious technical incidents”

Link Securities | Renfe has announced that it will ask Talgo (TLGO) for financial compensation for the “serious technical incidents” that the new Avril (S106) trains are experiencing after their debut last May on Spanish tracks and after accumulating years of delays in their delivery, as reported on Tuesday by Europa Press. Specifically, an Avlo train travelling from Valencia Joaquín Sorolla to Madrid Chamartín Clara Campoamor suffered a breakdown in…

Companies, Relevant News Item 6th August 2024

OHLA to launch two consecutive capital increases for total amount of up to €150 million

Link Securities | In connection with a forthcoming share capital increase operation for an effective amount (nominal amount plus share premium) of €100,000,000 by means of cash contributions with recognition of pre-emptive subscription rights, OHLA informs that it has continued to work on the search for investors interested in investing in OHLA’s capital. In this regard, the company informs that it has reached an agreement of intent, subject to conditions,…

Companies, Relevant News Item 6th August 2024

Airbus deliveries hit record level at 77 in July

Deutsche Bank | Airbus published its July orders and deliveries, with 77 deliveries and 59 gross orders (57 net orders). Deliveries were at a record level for a July month, with only July 2018 equalling the 77 units achieved this month. The 59 gross orders do not yet reflect all MoUs signed at Farnborough. Target price €155. Last close €130.5, Hold.

Companies, Relevant News Item 6th August 2024

Greening to build 25 MW self-consumption project for Seat with estimated investment of €22.54m

Renta 4 | Greening Group will build 26.44 MW of self-consumption for the automotive group Seat at its facilities in Catalonia, in what will be one of the largest self-consumption projects in Europe. The estimated investment is €22.54 million. Assessment: Positive news that underpins the company’s strategy within its new Strategic Plan. We reiterate our Overweight recommendation, with a target price of €8.50/share.

Companies, Ibex, Relevant News Item 6th August 2024

Acciona Energy wins 12-year contract for Promina photovoltaic plant, which will be Croatia’s largest

Link Securities | Acciona Energy (ANE) on Monday announced the award of a 12-year “contract for difference” (CfD) with Croatian energy regulator Hrvatski Operator Trzista Energije (HROTE) for the 189MWp Promina photovoltaic plant, currently under development, according to Bolsamania. According to Acciona Energía, Promina will be built in the province of Sibenik-Knin, in southern Croatia, and will be the country’s largest solar plant when it comes into operation in 2027….

Relevant News Item 2nd August 2024

Texas nationalizes ACS’s highway in exchange for payment of €1,606 million

The Texas Department of Transportation has approved the acquisition from ACS of its SH-288 highway, a nationalization available in the contract between both parties that will be compensated with a maximum of €1,606 million ($1,731 million) to be paid to the Spanish construction company before October 8, 2024. The Texan administration made the decision this Tuesday, according to documentation consulted by Europa Press, so that it will grant its public…

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