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BBVA vela atardecer

BBVA approves buyback plan of up to €3.96 billion to be executed in several phases

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…


Spain construction

Absenteeism Skyrockets in Spain: 1.2 Million People Miss Work Daily

The Círculo de Empresarios (Circle of Businessmen) reports that nearly 1.2 million people are absent from their jobs every day, representing a cost to Spain that could now reach up to 5.4% of GDP. The primary driver of this increase is absences due to temporary disability (incapacidad temporal). “The rise in absenteeism is eroding business competitiveness and generating a growing cost for the economy as a whole. It is essential…


Juan Flames BME

Spanish Stock Market Reaches Historic Highs and Hits 17,000 Points

Juan Flames, CEO of BME (the management company of the Spanish Stock Exchange) explains that “Spain has a cutting-edge stock exchange, a leader in dividend yield and, this year, with gains superior to any other European market.”(…) “If we add the dividend yield, with a historical average of 4.2%, the Spanish Stock Exchange is bringing a lot of joy to the investment community”. What a year for the stock market!…


Bonds

“New Deal” for Securitisation: over €185 billion issued in Europe by close of Q3 2025, approaching 2024 figure of €245 billion

Manuel González Escudero (Managing Director of Intermoney ABF CIMD Group) | On October 31st, the Bank of Spain, the Ministry of Economy, Trade, and Business, and the CNMV (Spanish Securities Market Commission) announced a strategic collaboration to strengthen the securitisation market, with the aim of improving business financing, especially for SMEs. During a financing conference, Minister Carlos Cuerpo and Governor José Luis Escrivá presented the creation of a European securitisation…


Renfe CAF

CAF, with Siemens and Alstom, wins contracts worth €266 million for maintenance of 372 Renfe trains over three years

Link Securities | Renfe has awarded Siemens, Alstom and CAF several contracts for the maintenance of commuter and medium-distance trains for three years, worth a total of €266 million, according to the newspaper Expansión. The total volume of the fleet included in these contracts amounts to 372 self-propelled electric vehicles and, if all the planned two-year extensions are implemented, the overall value of the contracts will reach €433 million (including…


spain savings rate

OECD congratulates Spain on its economic performance

Luis Alcaide | “The Eurozone Manufacturing PMI data prepared by S&P Global and Hamburg Commercial Bank retreated to 49.6 points in November, falling below the 50 points of the previous month (above 50 points indicates expansion, and below indicates contraction). By country, Germany marks 48.2 and France 47.8, while Spain records 51.5 and Italy 50.6.” The influx of new orders in the manufacturing sector is increasing in the two Southern…


Aedas Brisas del Arenal 948

Aedas Homes Board will not accept Neinor takeover bid as Goldman Sachs report considers price ‘inappropriate’

Renta 4 | According to information from the National Securities Market Commission (CNMV), the Board of Directors of AEDAS Homes has published its mandatory report on the takeover bid launched by Neinor Homes, with an unfavourable opinion on the same. Similarly, the report includes the opinion issued by Goldman Sachs Bank Europe (financial advisor to AEDAS Homes) on the adequacy of the takeover bid price from a financial point of…


ACS novisimo

ACS signs labour agreement to develop $1.7 billion Battery Park City Resiliency Project infrastructure plan in New York

Link Securities | Hochtief, a subsidiary of ACS, has taken a significant step forward in the US after signing a labour agreement (Project Labor Agreement) to develop the Battery Park City Resiliency Project, an infrastructure plan valued at $1.7 billion in New York, according to a report yesterday by the digital portal Bolsamania.com. The project, in which Hochtief is participating through SPC Construction, part of its Flatiron-Dragados division, together with…


Inditex crece compressor 1

Inditex: Impressive Q3 results and very healthy start to Q4

Jefferies | Impressive Q3 results… with group sales/EBIT of €9.81bn/€2.37bn (cons €9.71bn/€2.25bn) for Aug-Sep, this for ex fx growth of +8.4% (versus cons of +7.8% and buyside apparently somewhere between 7% and 8%) which follows the 9% of current trading disclosed for 1-Aug to 8-Sep. Gross margin landed at +79bps year-on-year to 62.2%, versus cons/JEFe of +8bps/+55bps. EBIT margin progress was good (in light of fx sales dilution of -3.5%…


Caixabank

CaixaBank and nine other banks present Qivalis, company that will launch first euro-pegged stablecoin

Norbolsa | The European Banking Consortium Stablecoin, formed by CaixaBank and nine other European banks, has presented Qivalis, the company that will launch what they say is the first euro-pegged stablecoin, which they expect to be technically and technologically ready by the beginning of the second half of 2026. This was explained on Tuesday at a press conference in Amsterdam (Netherlands) by the president of the new company, Howard Davies;…