Companies

Companies, Spanish economy 31st March 2023

Amadeus emerges as potential leader in single platform concept: market share may increase from ~10% in 2022 to ~13-15% in 2026

Morgan Stanley | Our analyst, Laura Metayer, believes that the Hospitality & Other solutions division is Amadeus’ fastest growing segment (AMS), which is made up of its centralised reservations product (CRS), leading a €1.8bn market, and the newer hotel management system (PMS) in a €2.2bn market. The analyst team estimates that the hospitality IT market, with a size of €7.4bn MSe and growth of >8% CAGR, is moving towards a…

Companies, Spanish economy 30th March 2023

Marta Ortega sketches line of continuity in management based on improved shopping experience and operating model efficiency

Link Securities | In an interview with the Financial Times, reported by Expansión, Inditex (ITX) Chairman and CEO Marta Ortega outlined a continuity in management based on improving the shopping experience and the efficiency of the group’s operating model, while maintaining the focus on sustainability. Ortega said that the product is the lifeblood of the group and where she can offer the most value, while she is on top of…

Companies, Spanish economy 30th March 2023

Cellnex under pressure from TCI fund for Bertrand Kan to leave board

Link Securities | TCI, the British fund that has become Cellnex’s main shareholder with 9% of the company, is increasing pressure on Bertrand Kan, who on Monday was relieved of the presidency of the company, to leave the company’s Board of Directors immediately. The fund believes that Cellnex must urgently focus on electing a new CEO, and among the possible candidates, the newspaper Expansión highlights in today’s edition that Marco…

Companies, In the World, World economy 28th March 2023

First Citizens’ purchase of SVB confirms importance of avoiding irrational fear and discriminating between institutions, regardless of size

Bankinter : US banks celebrate the purchase of Silicon Valley Bank/SVB by First Citizens (FC) with a +2.5% rise in yesterday’s session. Positive highlights: First Citizens (+53.7%), First Republic (+11.8%), Bank of America (+4.9%) and Citigroup (+3.8%). Analysis team’s view: This is an interesting deal for First Citizens and good news for US banking and the global financial sector. Our reasoning is as follows: (1) FC acquires SVB’s assets (loans…

Companies, Spanish economy 28th March 2023

Iberdrola to lead green hydrogen consortium, Atmosphere

Alphavalue / Divacons | The Spanish utility has announced that it will lead the ‘Atmosphere’ consortium, a project that will integrate different companies to innovate in new technologies that can be applied to the critical equipment of green hydrogen generation plants, thus covering the entire value chain, as reported by the company in a statement. The consortium will also include Ingeteam Power Technology, Inerco Ingeniería Tecnológica y Consultoría, ABC Compressors,…

Companies, Spanish economy 27th March 2023

ACS wins contracts worth more than €315 million for water treatment and broadband network deployment in California

Intermoney | The company, through its US subsidiary Flatiron, has been awarded a series of water treatment and broadband network deployment contracts in California, involving an investment of €315 million, according to the financial daily Expansión, among other media. The largest of these will provide drinking water to communities in and around Oakland. Flatiron will upgrade existing facilities and build new ones. The developer of these investments is the East…

Companies, In the World 24th March 2023

Alphabet launches “Bart” AI chatbot to compete with ChatGPT

Banca March | The search engine Google has announced the launch of Bart, an artificial intelligence chatbot to compete with Open-AI’s popular ChatGPT. For the time being, the US multinational communications services company has opened access to the intelligent assistant to a limited number of users in the United States and the United Kingdom, in order to detect possible failures. Like ChatGPT, Bart is a chatbot that can be conversed…

Companies, In the World 21st March 2023

Iberdrola begins work on photovoltaic plants in Texas and Ohio, combined capacity 523.5 MW

Link Securities | The company, through its US subsidiary Avangrid, has begun construction of two of its largest photovoltaic plants in the country, located in Texas and Ohio. These are the True North and Ohio Powell Creek projects, with a combined capacity of 523.5 megawatts (MW). The Ohio Powell Creek farm, which is being built in Putnam County (Ohio), will have a capacity of 202.5 MW and will generate enough…

Companies, Spanish economy 20th March 2023

Repsol suspends LNG terminal project in Canada due to cost overruns

Norbolsa | Repsol has decided not to develop the Liquefied Natural Gas terminal it had projected on the east coast of Canada for European supply, as it would not be profitable due to transport costs. To reach the terminal, the gas would have to be transported thousands of kilometres from western Canada, which would require a new pipeline network through Canadian provinces and northeastern US states that have resisted fossil…

Companies, Spanish economy 16th March 2023

Credit Suisse model not comparable to that of Spanish banks: combined risk would not exceed €1 billion

Renta 4 : Credit Suisse has asked the Swiss National Bank to lend it 50 billion Swiss francs (€50.6 billion) of liquidity to strengthen it pre-emptively. In addition, the bank has announced a senior debt offering. This aid comes after the bank announced a review of its 2021 and 2022 accounts after finding flaws in risk measurement, and its main shareholder with a 9.8% stake said it will not inject…

« 1 … 7 8 9 10 11 … 76 »