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Santander. new

Companies 4th August 2023

Banco Santander to benefit from Brazil’s central bank’s 50 b.p. interest rate cut

Link Securities | Banco Santander (SAN) will benefit from the 50 b.p. cut in interest rates by Brazil’s central bank on Wednesday, according to Expansión on Friday. Santander has a negative sensitivity to Brazilian interest rates because, due to its type of business, interest on deposits rises much faster than lending rates, affecting the bank’s margins the more rates rise. At a recent conference with analysts, Santander CEO Héctor Grisi…

Acciona

Companies 3rd August 2023

Acciona to introduce use of renewable biofuel generated from plant waste on Fargo-Moorhead canal works

Link Securities | Acciona (ANA) has launched an initiative in the construction of the Fargo-Moorhead anti-flood canal in the United States to introduce for the first time the use of renewable biofuel generated from hydrotreated vegetable waste oil (HVO) to power heavy machinery for civil works, according to Europa Press. This action is part of the Spanish company’s aim to decarbonise the construction of infrastructures, applying it in this case…

starlab

Companies 3rd August 2023

Airbus and Voyager Space form joint venture to develop, build and operate Starlab

Link Securities| The Spanish daily, Expansión, reports on Thursday that European aerospace company Airbus (AIR) and US-based Voyager Space have announced the creation of a joint venture that will develop, build and operate Starlab, one of the projects to succeed the International Space Station. The agreement deepens the collaboration already announced last January when Voyager, which is also partnering with US-based Lockheed Martin on the project, selected Airbus as a…

movistar futbol 1

Companies, In Europe 2nd August 2023

Telefónica awarded Champions League and Europa League media rights for next three seasons at €320m per season

Telefónica has been awarded the exclusive audiovisual rights for the UEFA Champions League and UEFA Europa League for the next three seasons for €320 million/season in Spain. The company has also been awarded the rights to the UEFA Youth League and the UEFA Europa Conference League. The contract with UEFA will be formalised shortly. Assessment: The acquisition of this content strengthens the group’s content offering, including all football rights in…

Indra Tecnocom

Companies 2nd August 2023

Indra equips Lisbon’s metro with access system that allows payment by mobile, bank card or smartwatch

Link Securities | Europa Press reported on Tuesday that Indra (IDR) has provided the city of Lisbon (Portugal) with an access system for the metro that allows passengers to pay with their own mobile phone, bank card or smartwatch, without having to purchase a ticket or season ticket beforehand, while maintaining the rest of the travel options that existed previously. It is a state-of-the-art payment system that improves the traveller’s…

Talgo

Companies 1st August 2023

Renfe extends high-speed train maintenance contract to Talgo for €180m

Renta 4| Renfe has extended the maintenance contract for Talgo’s high-speed trains (TLGO) until 2027. This contract extension is worth €180 million. The contract is expected to be signed and formalised in the coming weeks. Assessment: This contract extension represents ~7% of the order book at the end of June. It is a positive transaction that allows the company to strengthen its order book.

IAG new

Companies 1st August 2023

IAG: passenger revenues grow in 2Q23 to 121% of 2019 levels (+6% quarter-on-quarter)

British Airways and Iberia (IAG) aircraft at Barajas airportMorgan Stanley| IAG’s passenger revenue (PRASK) accelerated sharply in 2Q23 to 121% of 2019 levels (+6% q/q), with management indicating that the bookings they have seen so far have shown no signs of weakness, implying that this pace can be sustained. With 80% of the 323 already sold, Conor Dwyer (analyst) has revised its estimates of PRASK to match it with management’s…

indra edificio

Companies, In the World, World economy 13th June 2023

Indra to transform mobility in Brisbane with state-of-the-art public transport technology in its clean vehicles

Link Securities| The company is already implementing in the new green and clean BRT vehicles of Brisbane Metro (Australia), the most advanced technology for public transport management, which has been successfully tested in a pilot thanks to which Brisbane City Council will be able to validate and work with the company in the final design of the solution, according to Europa Press on Friday. The Brisbane Metro project will transform…

airbus A320

Companies, European economy 6th June 2023

Airbus reportedly favourite (over Boeing) to win IndiGo’s 500 A320 aircraft order

Banc Sabadell | According to Reuters, Airbus (AIR) is reportedly the favourite (over Boeing) to win IndiGo’s 500 A320 aircraft order, making it the industry’s largest order by volume (versus one for 470 aircraft placed by Air India a few months ago). On the other hand, both Airbus and Boeing are reportedly also competing to sell 25 aircraft (AIR’s A330neo or Boeing’s 787) to the same airline. No statement has…

amper2

Companies, Relevant News Item 6th June 2023

Amper wins largest-ever contract for Dieppe Le Tréport wind farm, turnover to be boosted to €140 million

Link Securities| In a Significant Event sent to the National Securities Market Commission (CNMV) it is reported that Navantia Seanergies has awarded the company the contract for the assembly and construction of jacket components for the Dieppe Le Tréport wind farm. The contract, awarded to the subsidiary Nervión Naval OffShore, is the largest in Amper’s history, and will run from 2023 to 2025. The order book, including this new contract…