Companies

Talgo building

Talgo wins contract to manufacture and maintain 20 new high-speed trains worth €1.332 billion

Renta 4 | Talgo has informed the CNMV (Spanish National Securities Market Commission) that it has been awarded a contract by the Saudi Arabian government for the manufacture and maintenance of 20 new high-speed trains for the Haramain High-Speed Railway project. The new contract is worth €1.332 billion, bringing Talgo’s order book to a record figure of approximately €6 billion. The 20 new units will be produced with the same…


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Adif entrusts OHLA with repairing section of track where collision occurred on 19 January

Link Securities | Adif has entrusted OHLA (OHLA) with the main repair work on the section of railway track where two trains collided on 19 January near Adamuz (Córdoba), killing 46 people, according to a report in the newspaper elEconomista on Friday. The railway operator has resorted to several emergency contracts to restore the infrastructure given the urgency of re-establishing traffic on the high-speed line between Andalusia and Madrid. Among…


bankinterchuliCM

Morningstar DBRS raises Bankinter’s outlook from ‘stable’ to ‘positive’ but maintains “A” rating

Alphavalue/ Divacons | On Friday, the rating agency Morningstar DBRS improved its outlook on Bankinter, raising its outlook from ‘stable’ to ‘positive’. Despite this improvement in the forecasts, the agency has decided to maintain the entity’s rating unchanged, reaffirming it at “A”. The agency justified the improvement in Bankinter’s outlook on the basis that the bank is well positioned to sustain robust levels of profitability in the medium term, and…


ACS new

ACS subsidiaries Schiavone and Dragados affected by suspension of work on New York-New Jersey railway tunnel

Link Securities | The public entity promoting the construction of a rail tunnel between New York and New Jersey (Gateway Development Commission or GDC) has halted the project after the Trump administration blocked federal funds earmarked for the work, the newspaper Expansión reports today. One of the many contracts included in this project is currently being executed by two ACS subsidiaries (Schiavone and Dragados). Specifically, it involves the construction of…


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Inditex approves share buyback programme for maximum €180 million, equivalent to 3 million shares

Link Securities | Under the current authorisation granted by the Ordinary General Shareholders’ Meeting on 11 July 2023 for the derivative acquisition of treasury shares, the Board of Directors of Inditex approved, at its meeting held last week, a Temporary Share Buyback Programme with the following characteristics: The purpose of the Programme is to enable Inditex to comply with its obligations to deliver shares to certain members of the management…


BBVA vela atardecer

BBVA could distribute extraordinary dividend thanks to excess capital

Link Securities | BBVA (BBVA) Chairman Carlos Torres says that what sets them apart from other banks is growth and anticipates that excess capital could be distributed through an extraordinary dividend, according to the newspaper Expansión.‘The sale of the US subsidiary was the right decision and has yielded great results. It allowed us to strengthen our position in other markets and reward shareholders,’ said BBVA Chairman Carlos Torres at the…


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Iberdrola wins long-term energy services contract in Australia for its future Kingswood battery (100 MW)

Alphavalue/Divacons | The Spanish utility has strengthened its presence in the energy storage sector in Australia with two key developments in the state of New South Wales. The electricity company has been awarded a long-term energy services contract (LTSE) for its future 100 MW Kingswood battery, designed to offer 1,080 MWh of storage capacity and up to eight hours of continuous discharge. At the same time, the company officially inaugurated…


Ence nuevita

Ence’s biomass plants set to increase remuneration to almost €6/MWh and Magnon’s to €19.5/MWh after remuneration parameters are updated

Renta 4 | The Official State Gazette (BOE) has published the order from the Ministry for Ecological Transition and the Democratic Challenge updating the remuneration parameters for electricity production facilities using renewable energy sources, cogeneration and waste. The new order updates the average annual market price for 2026, 2027 and 2028, as well as the estimated technological adjustment coefficients, the standard number of operating hours and the upper and lower…


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Meliã returns to phase of expansion with clear qualitative bias: room growth could average between 2% and 3% annually

Alphavalue/ Divacons | Meliã Hotels International has occasionally outperformed its sector over the last two years, supported mainly by a portfolio structurally geared towards high-yield leisure demand and differentiated resort concepts, which account for more than 60% of its hotel base. This positioning allows the group to capture premium leisure flows, along with demand linked to resilient businesses in popular destinations, especially in Southern Europe and the Caribbean. The post-COVID…


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CNMV verifies that requirements for admission to trading of 8 million new Sacyr shares are met

Link Securities | In relation to the execution of the agreement to increase share capital from reserves agreed upon in the agenda of the Ordinary General Shareholders’ Meeting of Sacyr (SCYR) held, on second call, on 12 June 2025, for a total amount of €8,922,344.00 through the issue and circulation of 8,922,344 new shares of the same class and series as the existing ones, each with a nominal value of…