The Corner Team | Spanish Telefónica is in talks to become the main shareholder of Telco, Telecom Italia’s holding company, which is struggling with a millionaire debt and a fiercely competitive market, Dow Jones reports. The proposal under discussion would have Telefónica increasing its stake to 70% before next week.
MADRID | By Tania Suárez | Spanish company Inditex –Zara’s group and the world’s largest clothes retailer- published its first semester fiscal year results on Wednesday. After years of amazing performance, the firm seems to be losing market – it posted a 6% rise in sales to €7.7 billion, compared with a 17% rise in the same period last year.
LONDON/MADRID | Telefonica UK selected as preferred communications service provider for Central and Southern regions in UK Smart Meter Implementation Programme.
ESSEN | Consolidated net profit amounted to EUR 126.2 million in the first half of 2013. In the prior-year period, substantial impacts on earnings had resulted in a consolidated net loss of EUR 50.6 million.
MADRID | Endesa’s head office in Madrid was the first corporate headquarters in Spain to achieve triple certification in 2011.
CADIS/LONDON | The European Union has made a decisive commitment to the pursuit of new sources of clean energy. The €12 million All-gas project, with EU funding of €7.1 million, can be considered a global benchmark.
LONDON/MADRID | Group premium traffic for the month of July increased by 0.4 per cent compared to the previous year, on falling capacity.
MADRID | The contracts may be extended by another three years, which would increase Ferrovial’s backlog to more than 216 million euro over a six-year period.
MADRID | In the second quarter, Amadeus said, adjusted profit increased by 5.4%, to €173.4 million, total revenues rose 7.4% to €800.1 million.
MADRID | The Swiss risk capital firm has named the recently acquired company from Indra as Delion Communications, which it expects to be consolidated as an industry leader.