Intermoney | Solaria (Buy, PO €13) will announce its 9M25 results on 17 November, holding its AGM in London on the same day. The main figures from our estimates are shown in the table below and should reflect: 1) a year-on-year decline in production of 6%, as Solaria has the same installed capacity and following a mediocre first half in terms of weather; and 2) the impact of the Genería…
Link Securities | The company has signed an eight-year agreement with Norwegian Cruise Line Holdings to supply renewable marine fuels in the Port of Barcelona, according to a report yesterday by the digital portal Bolsamania.com. After the start of the 2026 European cruise season, Repsol will supply biofuels and, from 2029, renewable methanol directly to the ships of the group’s various cruise brands (Norwegian Cruise Line, Oceania Cruises, and Regent…
Renta 4 | According to the German newspaper Handelsblatt, Telefónica is considering strengthening its cooperation with 1&1 in Germany. In mobile telephony, 1&1 is the fourth largest operator with a market share of 8.9%, behind Deutsche Telekom (32%), Telefónica (27.2%) and Vodafone (22.5%). In broadband, 1&1 is the third largest company in terms of market share (10.7%), behind Deutsche Telekom (40.6%) and Vodafone (27%). Telefónica is in fourth place with…
Renta 4 | On Monday, Neinor Homes held its extraordinary AGM to obtain approval for the takeover bid for AEDAS Homes. The company also took advantage of the AGM to reiterate its 2025 guidance and provide operational visibility, highlighting: 1) having received the Final Works Certificate (FWC) for 100% of the developments scheduled for delivery in 2025; 2) a 2025 pre-sale coverage ratio of close to 97% and 75% for…
Link Securities | Cellnex (CLNX), through its wholly owned subsidiary, Cellnex France, S.A.S., has entered into a put option agreement with Vauban Infra Fibre, under which Cellnex France, S.A.S. may, following the usual information and consultation process with the works council of Cellnex France, S.A.S. in France, sell and transfer all of its shares in Towerlink France, S.A.S., representing 99.99% of its share capital. Towerlink France, S.A.S. is the entity…
Renta 4 | Aena (AENA) will publish its 9M25 results on Wednesday, 29 October 2025, at the market opening, with a conference at 1:00 p.m. P.O. €21.03, recommendation to underweight. Driven by air traffic, which in 9M in Spain has exceeded annual forecasts (up 3.9% against 3.4% Aena and Renta 4 guidance, and 3.9% consensus, our forecast is that Aena will update this guidance to around 4%), we expect aeronautical…
CdM | Unicaja (UNI) has launched an interest-bearing online account aimed at new self-employed customers, offering a return of up to 3% APR during the first 12 months. It also includes a 1% refund on the sum of the main direct debits and exemption from maintenance and administration fees. ‘The bank’s objective is to reinforce its commitment to attracting new self-employed customers throughout the country, focusing on a model of…
Renta 4 | Interview with Mr Gabriel Escarrer in Expansión newspaper. Among the comments we highlight: If good acquisition opportunities arise (holiday segment), Meliã would carry out a capital increase, which would not put pressure on cash flow. The current situation for Meliá and the sector is one of ‘normalisation’, after several years of strong growth following Covid-19, in which they grew three times faster than the GDP of the…
Link Securities | Iberdrola (IBE) and Scottish Power have sounded out their rivals about a possible deal involving their UK retail business, as the sector faces high consumer debt and rapid growth from Octopus Energy, according to Expansión newspaper. Iberdrola has reportedly spoken to several companies in the sector about a merger with Scottish Power in response to the challenges facing the retail market, according to people familiar with the…
CdM | OHLA (OHLA) informed the Spanish National Securities Market Commission (CNMV) on Friday that it has reached an agreement in principle with Mohari Hospitality — a global investment firm specialising in the luxury hotel sector — for the division of the Canalejas Complex asset, an agreement that the company describes as ‘positive for both parties’. According to the statement, OHLA will retain ownership of the Canalejas Gallery and the…