Link Securities | At its meeting held on 25 November 2025, the Board of Directors of Metrovacesa (MVC), and in relation to the distribution of dividends charged to freely available reserves (share premium) approved by the Ordinary General Meeting of MVC on the same date, has agreed to make a payment of €1.12 gross per share on 23 December 2025. The most relevant dates in relation to this cash payment…
Alphavalue/Divacons | The National Commission on Markets and Competition (CNMC) has given final authorisation for the takeover bid by Portuguese firm Bondalti Ibérica on Spanish chemical group Ercros, after the Ministry of Economy, Trade and Business did not consider it necessary to refer the transaction to the Council of Ministers.
Deutsche Bank | In recent years, steel stocks have been affected by weak demand, import pressure and political headwinds, and although fiscal spending and interest rates could provide support, we remain cautious on demand. However, the European Commission’s (EC) plans to significantly strengthen trade protection point to a significant shift towards a more steel-friendly industrial policy. If these measures are implemented, even partially, steelmakers are likely to return to an…
Bankinter | Telefónica has proposed a redundancy plan for 5,319 employees of Telefónica España (3,649 people; 41% of the total), Telefónica Móviles (1,124; 31%), Telefónica Soluciones (267; 24%) and Movistar+ (279; 32%). It could still announce further redundancies in the three remaining companies in Spain (Telefónica Global Solutions, Telefónica Innovación Digital and Telefónica S.A.), which could bring the total to 6,000 employees. The actual departures will take place from 2026…
CdM | Naturgy (NTGY) announced on Tuesday that it has promoted, through its innovation platform Innovahub, a pioneering project in Spain for the development of floating photovoltaic technology in the open sea. It has done so in collaboration with Spanish start-up BlueNewables, with the aim of ‘exploring new renewable solutions that enable progress in the decarbonisation of the energy system’. As Naturgy explained in a statement, the project involves the…
Link Securities | The supermarket chain continues to make progress with its 2025-29 Strategic Plan and will launch a new logistics centre in Antequera (Malaga), according to Bolsamania.com. The new warehouse, scheduled to open in the first half of 2027, will involve an investment of around €47 million and the support of IBA Capital and Dunas Capital. The Spanish listed company has explained that this construction will have a total…
Renta 4 | The company has announced the launch of its second national free-to-air television channel, which will be available from 1 January 2026 and will be distributed via DTT with national coverage. The channel will offer high-quality fiction content and will also be available on the main Spanish television platforms. This launch follows the opening this year of the Squirrel TV channel, which replaced the Disney Channel The company…
Alphavalue/Divacons | Gotham City Research believes that the legal investigations stemming from its bearish attack on Grifols (GRF) in January 2024 will not result in a significant financial blow to the company, and has therefore ruled out making provisions for this possible contingency. This position is maintained despite the fact that the Spanish pharmaceutical company has initiated legal proceedings in the United States in which it is claiming millions in…
Link Securities | The Board of Directors of Faes Farma (FAE) has approved the payment of a cash dividend on account of the 2025 results of €0.041 gross per share. The cash dividend will be paid in January 2026 and will amount to approximately €12.8 million. The relevant dates for this operation are as follows: Last trading date for shares with dividend rights: 7 January. Date from which shares will…
Link Securities | FCC (FCC) is in the final race as leader of a consortium to win the contract to design and build the first phase of the Austin light rail system in Texas (United States), according to a report on Monday in the newspaper elEconomista. The value of this tender is estimated at around $3.2 billion (approximately €2.8 billion at the current exchange rate). The cost of the project…