Relevant News Item

Telefonica novisima

BBVA reduces stake in Telefónica from 5% to 1.9%, no longer significant shareholder

Telefónica’s shareholder structure continues to be led by SEPI, CriteriaCaixa and the Saudi telecoms firm STC. By Bankinter BBVA has reduced its stake in Telefónica to 1.965%, down from the 5.007% it previously held, following its departure from the board in March this year. Telefónica’s shareholder structure continues to be led by SEPI, CriteriaCaixa and the Saudi telecoms firm STC, each holding practically 10% of the capital. Bankinter analysis team’s…


dinero inflacion precios euro 1707x960 1

Inflation remains at 3.2% in June, whilst core rate moderates to 2.9%

The rise in gas and electricity prices has been offset by a moderation in fuel prices following the government’s VAT cut, introduced after the outbreak of the conflict between the United States and Iran – a measure that will remain in force until tomorrow. Reported by Consejeros Editorial Team Prices held steady in June, with inflation once again standing at 3.2% for the third consecutive month, according to preliminary data…


spanish PM pedro sanchez

King speaks of “dark days” while Sánchez entrenches himself in La Moncloa

The country is gridlocked. And yesterday this became clear to everyone. Yesterday, the Prime Minister appeared before Congress to answer for all the corruption cases surrounding him—within his family, his party, and his Government. And as expected, he limited himself to asserting that “he neither knew about it, nor would he have tolerated it.” Furthermore, although Puigdemont’s party—whom Sánchez granted amnesty in exchange for secure investiture—urged him to “do like…


ACS Hochtief Alemania

ACS’s German subsidiary, Hochtief, joins German DAX

Reported by the Editorial Team The inclusion in Germany’s main stock market index took place yesterday, Monday, following the latest review of the index carried out by Deutsche Börse, as announced by ACS in early June. At the close of trading on the Frankfurt Stock Exchange, Hochtief had risen by 3.13%. The construction firm emphasises that this milestone is “the result of decades of commitment, leadership and outstanding execution”, as…


IMG 20260622 115420

Deutsche Bank’s growth figures for 2026: 0.7% for Germany compared with 2.6% for Spain

Reported by Julia Pastor Of the four major economies in the Eurozone, Germany will see the lowest growth in 2026 and Spain the highest, according to Deutsche Bank’s growth forecasts. 0.7% compared to 2.6%. Italy and France will both grow by 0.8%, and the Eurozone as a whole by 0.9%. Germany is the country for which the research firm has revised growth expectations downwards the most, as it is the…


Sanchez

El País finally discovers that Spanish GDP growth conceals decades of wage stagnation

Faced with the usual complacency of the Government and its “synchronized opinion team” regarding the evolution of the Spanish economy—the envy of Europe, they say—the pro-government newspaper El País breaks ranks today with an editorial that reflects what the specialized Spanish press has been saying for years: Spanish GDP growth is driven by a massive influx of immigrants (four million during Pedro Sánchez’s two terms) who push consumption upward, yes,…


strategic plan

The five threats to the global economy (and Spanish exports), according to Cesce

Reported by Consejeros Editorial Team Based on strategic realism, not pessimistic prophecy, and with the aim of providing Spanish companies with a tool to better understand the events that are shaking up the geopolitical, economic and commercial landscape, Cesce’s Country Risk Unit has produced a new edition of its International Outlook report, the eleventh. “Our country’s business community cannot be a mere spectator in a scenario such as the current…


inditexCM

Inditex agrees to raise salaries by 12% until 2028 for 30,000 of its store workers

Inditex has reached a new agreement with the CCOO and UGT trade unions, featuring pay improvements and new social conditions for nearly 30,000 store employees, which includes a 12.5% salary increase until 2028. The agreement sets a 4% increase each year through 2028. This is a renewal of the agreement that the group signed in February 2023 with both unions and, besides the salary hikes, it includes other improvements such…


bankinterchuliCM

Bankinter acquires Dutch platform specialising in mortgage brokerage and financing

The mortgage market in the Netherlands is one of the largest in Europe relative to its GDP, offering significant potential with a mortgage loan volume in the system of around €900,000 M by the end of 2025. Report by Renta 4 Bankinter has reached an agreement to acquire 100% of the share capital of Tulp Hypotheken Holding B.V., a Dutch platform specialising in mortgage brokerage and financing. The completion of…


inteligencia artificial 1932x1087

SpaceX kicks off investment supercycle, stock markets pass test with flying colours

Analysis by Juan Carlos Ureta The stock markets have passed the test of SpaceX’s mega-IPO with flying colours, but what is most interesting is not so much that they have passed this test, but the sense that the financial markets are ready to face the investment cycle that lies ahead, a cycle in which financing needs are set to reach a scale never seen before. We are facing an economic…