Relevant News Item

In the World, Relevant News Item 5th May 2023

More and more countries (EU included) seek to mitigate risk of dollar dependency

Morgan Stanley | Crypto analyst Sheena Shah reviews the digital currency initiatives that central banks (CBDCs) are starting to put forward as an alternative to the use of cryptos. The use of cryptocurrencies for everyday payments is complex and expensive for the consumer and the ecosystem has not developed, except for in Switzerland. Companies such as Adyen have no plans to incorporate crypto payments into their offerings Their conclusions are…

Relevant News Item 5th May 2023

One in four UK and US retail investors believe they make “uninformed” decisions

F.R. | 26% of retail investors in the UK and US say they “have little understanding” of their asset portfolios and “feel they make uninformed decisions” about them, according to the Shareholder Voice 2022 survey of 3,000 people in the two countries by UK financial services firm Equinity. According to the survey, the most likely profile of the uninformed shareholder is a person between 41 and 56 years of age,…

European economy, In Europe, Relevant News Item 4th May 2023

ECB: the APP reinvestments will stop in July

Annalisa Piazza (MFS IM) | The ECB announced today its decision to hike policy rates by 25bp after hiking by 50bp at its March meeting. Inflation is high and pushing it down to its 2% target in the medium term remains the ECB top priority. However, a slower pace of hiking was not a surprise as current levels of rates are already in restrictive territory and the economic picture for…

Relevant News Item, Spanish economy 4th May 2023

Fluidra claims water consumption in pool sector “very low” in Spain, around 0.15%.

Link Securities | At a symposium at the Círculo Ecuestre, Fluidra’s president, Eloi Planes, said yesterday that this year’s drought will have an impact on the swimming pool business, but he also said that it could be a driver of growth in the medium and long term, according to the newspaper Expansión. Planes explained that the renovation of equipment for more sustainable systems will be a vector for growth. Despite…

Companies, Relevant News Item 26th April 2023

FCC results better than expected: €96.9m profit almost double estimated €51m

Bankinter : Better than expected 1Q23 results in Sales, EBITDA and PBT. The main figures in the quarter compared to the market consensus (Bloomberg): Revenues €2,026M vs. expected €1,889M; EBITDA €332M vs. expected €315M; and PBT €96.9M vs. expected €51M. By activities, the performance is generally good in all areas, but the positive evolution of Water (+16.6% year-on-year in Revenues) and Construction (+55.7% year-on-year) stand out. Net debt stands at…

Relevant News Item, World economy, World politics 25th April 2023

Chile, world’s largest producer, to nationalise lithium industry

Alphavalue / Divacons | Chile’s President Gabriel Boric announced the nationalisation of the lithium industry, especially important for electric car batteries. State-owned Codelco will determine investments and exploitation by private companies. Chile is the largest producer of lithium. While it is claimed that this will not affect current contracts, it is a stark reminder of the insecurities for mining companies, and not only in Chile.

Relevant News Item 24th April 2023

Price volatility kills off one in ten electricity companies in Spain

Price volatility in the electricity market is having ruinous effects on independent electricity suppliers. So far this year, a dozen have gone under, at a rate that is not far short of one per week. This can be seen in the permanently updated census of electricity retailers kept by the National Markets and Competition Commission (CNMC). The smaller distributors are falling victim to the tsunami of prices in the electricity…

Ibex, Markets, Relevant News Item 22nd April 2023

Ibex 35 closes week at 9,415 points after dropping 0.37% on Friday

Nicolás López (Singular Bank) | Friday’s session closed in Europe with a mixed tone and slight variations in the main stock market indices. After the rises of the last few weeks, which have brought the indices back to their highs before the banking crisis, investors have been cautious in general as they wait for new references. In particular, the results season that has just started and the central banks’ meetings…

Relevant News Item 21st April 2023

Record gap between US1M and US3M IRRs

While the US 3 month IRR has recovered all after the SVB effect … it is striking that the 1M IRR has continued to fall. The spread between the two has reached 140bps earlier this week … the last time it reached this level was in October 2008 … coinciding with the Lehman crisis.

Relevant News Item, Spanish economy 5th April 2023

Iberdrola sells Mexican government a large part of its business in the country for €5,478 million

Iberdrola announced on Tuesday a major sale of natural gas assets in Mexico, putting an end to several years of tensions with the country’s government. As the company, headed by Ignacio Sánchez Galán, informed the CNMV late in the afternoon, the subsidiary Iberdrola México and the state fund Mexico Infrastructure Partners (MIP) have signed an agreement of intent whereby a trust headed and managed by MIP will acquire 8,539 MW…

« 1 … 41 42 43 44 45 … 57 »