Companies

Telefonica Murtra 1

Telefónica: doubts about possible capital increase punish stock by 4.81%

CdM | Doubts about a possible capital increase by Telefónica punished the stock by 4.81%, recording the worst performance in the index. According to vozpopuli.com, TELEFÓNICA (TEF) is considering the possibility of carrying out a capital increase, which would be approved in the coming weeks. The operation, according to this media outlet, would have the support of the main shareholders: the State, through SEPI; the Saudi operator STC and CriteriaCaixa….


iberdrola solar

Iberdrola to build new agrovoltaic plant in Álava as part of ‘Vitoria-Gasteiz: Laboratory City’ programme

Alphavalue/DIVACONS | The Spanish utility company will build a new agrovoltaic plant in Álava with the aim of promoting the cultivation of apples for the production of high-quality cider and generating renewable electricity in the Basque Country. According to Iberdrola, the project will be developed on land donated by the Vitoria City Council as part of the municipal programme ‘Vitoria-Gasteiz: Laboratory City’. Meanwhile, a leading analysis firm raised Iberdrola’s target…


BBVA vela atardecer

BBVA places €1 billion in senior non-preferred green bonds

CdM | BBVA has placed €1 billion in senior non-preferred green bonds with a ten-year maturity on Wednesday, maturing in 2035. Demand for the bonds peaked at €2.9 billion, reflecting investor appetite for this type of green-labelled product. At the close of the issue, the price was set at mid-swap plus 108 basis points, significantly below the initial price (mid-swap plus 135 basis points). This is the lowest spread on…


fcc edificio

FCC wins €1.7-billion contract to build tunnels for extension of New York subway

Link Securities | The Spanish construction company, in consortium with the US company Halmar, has been awarded a contract worth $1.972 billion (approximately €1.7 billion) in the United States to build tunnels for an extension of the New York subway, according to elEconomista. The award has been approved by the New York Metropolitan Transportation Authority, which will give both companies four years to complete the project. In New York, FCC…


ACS novisimo

ACS subsidiary Turner to build commercial office tower in Manhattan

Link Securities | ACS (ACS), through its US subsidiary Turner Construction Company, has announced that it has been selected to build a 46-storey commercial office tower at 343 Madison Avenue in downtown Manhattan, according to the financial website Bolsamanía. The project will include an underground entrance to public transport serving Grand Central Terminal, further improving connectivity in one of New York City’s busiest transport hubs,” the company explained in a…


Iberdrola guapa

Berenberg raises Iberdrola’s valuation to €17.50 per share due to ‘greater regulatory clarity’

CdM | On Tuesday, Berenberg experts raised their assessment of Iberdrola (IBE) to €17.50 per share from the previous €14 per share, and reiterated their recommendation to “hold” the stock in the portfolio. According to their latest report on the energy group, ‘by December, Iberdrola will have high visibility on remuneration in key geographies for its Networks business, at a time when global energy networks require an unprecedented level of…


Prosegur

Prosegur employees provided with AI assistant

Link Securities | Prosegur (PSG) reported on Monday that it has provided its employees with an artificial intelligence (AI) assistant developed in-house, which features state-of-the-art, secure technology and aims to assist purchasing managers in the ICT environment. The assistant, called LexIA, increases employees’ analytical capabilities fourfold, reduces the time needed to consult the contractual terms and conditions of any document, and enables the development of an intelligent repository where quick…


Acciona

Acciona awarded three-year cleaning contract by FGC worth €11.35 million

Link Securities | Ferrocarrils de la Generalitat de Cataluña (FGC) has awarded the contract for cleaning the stations and facilities of the metropolitan lines to the Acciona (ANA) group and the services company Grupo Sifu, through its subsidiary Brócoli Facility Services, according to a report in Expansión newspaper on Tuesday. The tender, divided into two lots, has a total value of €11.35 million and a duration of three years. The…


Caixabank kio 2

Caixabank executes 53.47% of share buyback in programme’s ninth week

Alphavalue/DIVACONS | The Catalan bank executed 53.47% of its share buyback in the ninth week of the programme, whose maximum amount has been set at €500 million, according to information provided by the entity to the National Securities Market Commission (CNMV) on Friday. Specifically, in this new week of the programme, it acquired 2,237,802 shares at a weighted average price of £8.6738 and a total amount of £19.4 million. Meanwhile,…


bbva sabadell

BBVA to readjust Sabadell takeover bid exchange ratio at end of month

Link Securities | BBVA (BBVA) will readjust the exchange ratio of its takeover bid for 100% of the capital of Banco Sabadell (SAB) at the end of the month to update the offer, as SAB will distribute a new cash dividend of 7 euro cents per share to its shareholders on 29 August, according to Cinco Días newspaper. The bank will thus move from offering one BBVA share plus 70…