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indra

Companies 3rd September 2025

Indra to carry out Temporary Share Buyback Programme for maximum amount of €9.87 million from today until 11 September

Link Securities | The company announced yesterday in a Relevant Fact sent to the National Securities Market Commission (CNMV) that, under the authorisation granted by the General Shareholders’ Meeting for the derivative acquisition of treasury shares, the Board of Directors has agreed to carry out a Temporary Share Buyback Programme with the following characteristics: • The purpose of the Programme is to enable the company to comply with its obligations…

Redeia nuevo

Companies, Ibex 3rd September 2025

Redeia: poised for upside after EPS downgrades due to disappointing regulatory proposal; recommendation raised to Overweight

Morgan Stanley | Our analyst Arthur Sitbon changes Redeia’s recommendation to OW, seeing the shares poised for a rebound after discounting regulatory and blackout risks. He notes that its underperformance has been partly due to negative EPS revisions following a disappointing regulatory proposal, which now sets a floor for expectations, although he does not expect major changes in his base case scenario. He identifies an earnings inflection point in 2025,…

edreams

Companies, Markets 3rd September 2025

eDreams reiterates goal of more than 1 million new PRIME members in 2026, but cuts free cash flow forecast

Singular Bank | The company reported first-quarter results for fiscal year 2026 in line with expectations, confirming its targets for the year in terms of PRIME member growth and Cash EBITDA generation, although with a decline in free cash flow due to higher taxes and refinancing costs. The PRIME base increased by 205,000 members to 7.5 million, at the high end of the guidance, and the revenue margin grew by…

telefonica edificio

Companies, Markets 3rd September 2025

Telefónica considers delisting from NYSE with aim of saving costs and simplifying business

Bankinter | The company could delist from the New York Stock Exchange (NYSE). According to the media, the measure will be announced in the new strategic plan scheduled for November and is in line with the objective of saving costs and simplifying the business. The reporting and regulatory compliance requirements of the NYSE are high, and Telefónica believes that the return does not offset the costs. Analysis team’s view: We…

Iberdrola edificio

Companies, Relevant News Item 2nd September 2025

Iberdrola leads bid for Australian electricity grid worth estimated €2.24 billion

Banco Sabadell | According to press reports, the Spanish energy company is leading the bid for the VNI West project in Australia, an electricity transmission line with an estimated value of €2.24 billion. Iberdrola is competing in a consortium with Australian companies Capella Capital and AusNet. The project faces public opposition due to the overhead route, which has delayed its launch until at least 2030. Assessment: Positive news if confirmed,…

Amadeus

Companies, Ibex 2nd September 2025

Citigroup ups stake in Amadeus to 4.02%

Alphavalue / Divacons | Citigroup increased its total stake in Amadeus IT Group’s share capital to 4.02%, according to a notification sent to the Spanish National Securities Market Commission (CNMV). CitiGroup’s current position breaks down into 1.593% in direct and indirect voting rights and 2.427% in financial instruments. In other news, Bank of America downgraded its recommendation for Amadeus, believing that it will perform ‘worse than the market’ due to…

puig preciosa

Companies, Ibex 2nd September 2025

Supply and demand for Puig Brands stable within tedious range since May

Renta 4 | By the lows of last April, it had accumulated a 49% drop from its IPO highs. Since May, supply and demand have stabilised in a tedious range, with support at €15.7 and resistance at €17.45. Although this range could break downwards, we would be paying particular attention to the upper end, which is the transition zone of the main downtrend and a tactical turning point upwards. The…

Airtificial

Companies 2nd September 2025

Airtificial enters space sector with collaboration agreement with PLD Space for development of “Miura 5” rocket

CdM | Airtificial has taken another step forward in its business diversification process and has entered the space sector after its Aerospace & Defence division signed a collaboration agreement with PLD Space for the development of the “Miura 5” rocket, an orbital launcher that, according to the company, will place Spain and Europe ‘at the forefront of the new space race’. Airtificial has explained that it will manufacture composite panels…

ACS nuevo

Companies 1st September 2025

ACS wins £7.5 million pre-construction contract to coordinate design and planning of LA Metro Southeast Gateway Line

Alphavalue / Divacons | The Spanish construction company and Herzog have been selected for the pre-construction services phase of the LA Metro Southeast Gateway Line project. The goal is to relocate heavy freight rail lines and congested utilities. This project, valued at over $500 million, will usher in a new phase that will bring light rail along a 23-kilometre corridor in southeast Los Angeles County. The pre-construction contract, valued at…

Indra novedad

Companies 1st September 2025

Bernardo Villazán, independent director of Indra, leaves committee for managing conflicts of interest in possible acquisition of Escribano

CdM | Bernardo Villazán, independent member of Indra’s board of directors, has resigned as a member of the committee created by the company to manage conflicts of interest arising from the possible merger with Escribano Mechanical & Engineering (EM&E), according to a statement sent by the company to the Spanish National Securities Market Commission (CNMV). In this context, the company has decided to reduce the number of committee members from…