Companies

Técnicas Reunidas

Técnicas Reunidas to process rare earths at Araxá deposit in Brazil as part of partnership with project owner St George Mining

Link Securities | Técnicas Reunidas has been contracted by the Australian company St George Mining to carry out rare earth processing trials at the Araxá project in Brazil, as part of a strategic engineering partnership between the two companies, the digital portal Bolsamania.com reported. The agreement, formalised through a memorandum of understanding (MoU), envisages the application of the proprietary RARETECH® technology for the refining of the mineralisation, including the production…


Mapfre

Mapfre anticipates positive Q1 2026 thanks to performance of motor insurance, favourable market environment and recovery in Latin America

Alphavalue/Divacons | The Spanish insurer anticipates a potentially positive Q1 2026, with results that could surprise on the upside despite revenue growth that remains mixed. The improvement would stem from higher profitability: better performance in motor insurance in Iberia/EMEA, a favourable market environment (particularly in reinsurance), a recovery in Latin America and a strong financial result. The main weakness is a slight deterioration in the combined ratio in Brazil. Mapfre:…


fcc edificio

FCC reaffirms century-long relationship with Barcelona City Council by renewing €121 million contract to manage public sewerage system for eight years

Alphavalue / Divacons | Barcelona City Council has renewed its contract with FCC Medio Ambiente for the cleaning and maintenance of the public sewerage system, worth €121 million. The contract will run for the next eight years, with an option to extend for a further two years. According to the company, this award reaffirms a historic relationship that began in 1911, when the council awarded it the first service contract…


Telefonica

Telefónica sells Mexican subsidiary for €389 million

Telefónica has sold its entire stake in Telefónica México to the Melisa Acquisition consortium—comprised of Oxio and Newfoundland Capital Management—for an amount of $450 million US (approximately €389 million), as reported late Tuesday to the National Securities Market Commission (CNMV). The transaction is being carried out through Telefónica Hispanoamérica, a company 100% owned by the group, and includes the sale of 100% of the capital of the companies Pegaso PCS…


endesa novisimo

Endesa reduces share capital by €20 million through cancellation of 17 million shares with par value of €1.20 each

Link Securities | The Board of Directors of Endesa (ELE), in accordance with the resolution on the capital reduction approved at its Ordinary General Meeting of Shareholders held on 29 April 2025, agreed to implement the reduction in the amount of €20,409,079.20, through the cancellation of 17,007 566 treasury shares, each with a nominal value of €1.20, acquired under the Second Tranche of the Share Buyback Programme. Endesa’s share capital…


Audax nueva identidad

Audax signs partnership with MasOrange to market mobile, fibre and landline services in Spain

Link Securities | Audax (ADX) has signed a strategic partnership with MasOrange, the leading operator by number of customers, to market mobile, fibre and landline services in Spain. Backed by MasOrange’s infrastructure and network, Audax becomes the first independent retailer in Spain to offer a package combining energy with energy services and telecommunications. Through this partnership, Audax aims to provide its customers with an integrated range of essential services, enabling…


Rovilabs

Rovi completes acquisition of pharmaceutical manufacturing plant in Phoenix, Arizona, following execution of agreement with Bristol Myers Squibb

Link Securities | The company has informed the National Securities Market Commission (CNMV) that it has completed the Asset Purchase Agreement entered into between its subsidiary ROIS Phoenix Inc. and Bristol Myers Squibb (BMS) for the acquisition of a pharmaceutical manufacturing plant located in Phoenix, Arizona (USA), together with a series of assets and liabilities related thereto. The completion of the aforementioned Asset Purchase Agreement took place once the customary…


banco santander new

Spanish banks: resilient message on Q1 2026 outlook is expected, Santander Top Pick once again

Morgan Stanley | Álvaro Serrano (analyst) reiterates Santander as his Top Pick among Spanish banks in his Q1 2026 earnings preview, where he expects a resilient message on the outlook. With the improved outlook for net interest income and the market now pricing in between two and three ECB rate hikes between now and the end of the year, he updates his estimates to reflect a peak rate of 2.5%…


inmobiliaria del sur

Inmobiliaria del Sur unveils a new Strategic Plan aimed at achieving profits of up to €195 million by 2030

Renta 4 | According to information submitted to the CNMV, and following the completion of the 2021–2025 Strategic Plan (with 95% of the turnover target met), Inmobiliaria del Sur has submitted its new 2026–2030 Strategic Plan. This is a new plan that continues the existing approach in terms of qualitative objectives (increasing presence in Madrid, developing business in the Valencian Community, larger project sizes, etc.), although three new aspects stand…


Talgo new

Talgo wins contract worth €485 million to supply 10 locomotives and 91 passenger carriages in Sweden

Renta 4 | Talgo (TLGO) has been awarded a contract in Sweden to supply 10 locomotives and 91 passenger carriages worth €485 million, according to press reports. The trains are due to enter service from 2030 and the locomotives could be supplied by Siemens. Assessment: Positive news. The award raises the order book to historic levels of over €6 billion, with the contract value representing around 10% of Talgo’s order…