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José Luis R. Zapatero

National Court charges former Prime Minister Zapatero with four offences

The judge of the National Court (Audiencia Nacional), José Luis Calama, is not only investigating the €53 million public bailout granted to the airline Plus Ultra during the pandemic, but also an alleged business and financial structure that reportedly operated to influence political decisions, move suspicious funds, and channel payments through shell companies. The combined offenses attributed to the alleged network carry penalties of up to 22 years in prison,…


indra edificio 2

Indra CEO De los Mozos not renewing contract, company launches recruitment process to find replacement

Indra has announced that it has launched a search for a new chief executive following the decision not to renew the contract of the current CEO, José Vicente de los Mozos, which expires on 30 June. Reported by Editorial Team Directors Indra’s CEO, José Vicente de los Mozos, will not continue in his role, the company announced on Monday, adding that it has launched a selection process to find a…


ACS novisimo

ACS raises capital and sells treasury shares for €1.8 billion to accelerate investment in data centres

Report by Intermoney ACS (ACS) announced on Monday, after the market closed, an accelerated placement of shares without pre-emptive rights, comprising some 5.4 million new shares, 2% of the total, together with 11.1 million treasury shares. The latter are being placed on the market following ACS’s decision to cancel two equity swaps, entered into in 2023. The total value of the transaction is estimated at around €1.8 billion. Both Chairman…


ferrovial carretera

Ferrovial’s €400 million dividend to be distributed at €0.5578 per share

Report by Link Securities With reference to the announcement of 7 May 2026 in which the construction, services and concessions company announced a flexible dividend (scrip dividend) totalling €400 million, Ferrovial announces that the cash dividend amounts to €0.5578 per share. As stated in the announcement of 7 May 2026, the dividend will be payable in shares or in cash at the discretion of Ferrovial shareholders. If no choice is…


TSK Bolsa

TSK makes stock market debut with 4.55% gain

Reported by Consejeros Editorial Team TSK made its debut on the Spanish stock market this Wednesday, setting an opening price of €5.28, which represents a 4.55% increase over the €5.05 at which it was initially listed. The company, the star of the first stock market debut of 2026, carried out a €150 million capital increase among institutional investors, for which it received four times more demand than the shares offered….


bancos espana

Fitch Raises Ratings for BBVA, Caixabank, Santander, and Sabadell

Report by Renta 4 Recommendation: BBVA, Hold, Target Price €20.80/share; Caixabank, Overweight, Target Price €11.86/share; Santander, Overweight, Target Price €12.08/share; Sabadell, Overweight, Target Price €3.85/share Fitch has upgraded the long-term issuer and long-term deposit ratings of BBVA (BBVA) and Caixabank (CABK) by one notch in both cases to A (from A-) and to A+ (from A), respectively. In the case of Santander (SAN), it has raised the long-term rating to…


TSK asturies

TSK set to go public at €5.05 per share this Wednesday

The set price, the highest in the range announced by the company last week, values the Asturian engineering group at €583 million (€605 million if the over-allotment option of up to €22.5 million is exercised). Report by Link Securities TSK has notified the National Securities Market Commission (CNMV) that it has completed the book-building process for the initial public offering of the Company’s ordinary shares in accordance with the tentative…


Acciona Energia

Acciona exploring various strategic options for Acciona Energía subsidiary, including delisting takeover bid

Acciona has engaged the services of two investment banks to analyse all strategic options, including delisting, in relation to its 91% stake in Acciona Energía, the group’s renewable energy subsidiary. Among the various options available to Acciona is the possibility of launching a takeover bid for 100% of the subsidiary’s shares to delist it, as well as the potential introduction of a major shareholder, a sale to a third party,…


melia lanzarote

Meliã reports €87.9 million EBITDA (down 6.9%) in Q1 2026 and expects to reach €565 million in 2026 financial year

Meliã Hotels presented its results for the first quarter of 2026, with consolidated revenue up 3.8% to €461 million, EBITDA of €87 million (down 6.9%) and attributable net profit of €0, a sharp decline from the €6.7 million recorded in Q1 2025. Report by Link Securities Meliã Hotels (MEL) presented its results for the first quarter of the financial year (Q1 2026) on Thursday, from which we highlight the following…


Ferrovial

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…