Ibex

Telefonica Prosegur

Renta 4 values Telxius, submarine cable owned by Telefónica and Pontegadea, at 10 times 2025 EBITDA

Both partners have asked JP Morgan and Guggenheim to find a buyer for a business that the market values at around €1,200 million. This figure implies a multiple below the double-digit levels paid for other telecoms infrastructure assets. The discount is thought to stem from exposure to Latin America. Report by Renta 4 Telefónica and Pontegadea are reported to have begun the process of exploring the sale of the submarine…


Iberdrola edificio

Iberdrola receives two international awards for its approach to green finance and sustainability

Reported by the Consejeros Editorial Team The company has been recognised as the leading corporate issuer of green, social and sustainable bonds at the 2026 Global Capital Bond Awards and, at the same time, has been named Europe’s most sustainable electricity company at the 2026 World Finance Sustainability Awards. The GlobalCapital Bond Awards are the only awards dedicated exclusively to international bond markets, and the winners are chosen by market…


ibex

IBEX 35 and Euro Stoxx 50 fall by 0.1% at start of week

Report by Singular Bank European stock markets closed the session with widespread losses, weighed down by rising oil prices and with all eyes on this Thursday’s ECB meeting. The IBEX 35 fell by 0.1%, and the Euro Stoxx 50 dropped by 0.1%. At the close of European trading, Wall Street, by contrast, was showing some gains. Tensions in the Middle East intensified over the weekend, with reports of further air…


Almaraz

Nuclear Safety Council gives approval to Iberdrola, Endesa and Naturgy for Almaraz plant to continue operating until at least 2030

Reported by the Consejeros Editorial Team The Plenary Session of the Nuclear Safety Council has issued a favourable report, subject to conditions, regarding the renewal of the operating licence for the Almaraz nuclear power station (Cáceres), a measure that applies to its two units until June 2030. The decision taken by the Plenary is based on verification that the facilities are operating correctly and that an appropriate level of safety…


endesa red electrica 960x540 1

Jefferies raises Endesa’s target price ahead of results, but sees no upside potential in share price

Jefferies analysis Jefferies has raised Endesa’s target price to €35 per share from the previous €27 per share, a valuation that still places the company 11 per cent below its current share price. At the same time, the firm’s analysts have reiterated their ‘Hold’ recommendation on the stock ahead of the results announcement. Looking ahead to its second-quarter 2026 results, due to be released on 29 July, Jefferies forecasts EBITDA…


Telefonica Prosegur

Telefónica board approves 2026–30 Sustainability Plan to achieve net-zero emissions by 2040

Reported by the Consejeros Editorial Team Telefónica has launched its 2026–2030 Global Sustainability Plan, which aims to support growth, improve operational efficiency, strengthen risk management and generate value for society. This plan forms part of Telefónica’s business strategy and is part of the ‘Transform & Grow’ strategic plan. Telefónica aims to achieve net-zero emissions by 2040 and has raised its climate ambition with specific targets that reinforce its commitment to…


Puig edificio

Puig increases stake in Charlotte Tilbury to 85%

Report by Renta 4 Puig is reported to have paid more than €350 million to increase its stake in CT from 77.5% to 85%, according to reports in various media outlets. We note that the company has set aside nearly €1,000 million to fund the acquisition schedule for its portfolio companies over the coming years, which already factored in this increase in CT and is due to be completed by…


ACS novisimo

ACS acquires majority stake in Openchip to develop more efficient chips than Nvidia’s

Banco Sabadell report The company is negotiating the acquisition of a 40–45 per cent stake in the Catalan start-up Openchip and Software Technologies, which specialises in chip development. The company is currently owned by, amongst others, SETT, the Catalan Government and the Polytechnic University of Catalonia, and according to recent transactions, it is valued at around €700 million. Through a funding round, the Barcelona-based technology firm aims to raise €250…


Palacio de la Bolsa de Madrid

Energy shock not dominating entire market allows Ibex 35 to fall by just 0.4%

Report by Singular Bank European stock markets closed lower during the session, weighed down by ongoing geopolitical risks surrounding Iran and the Strait of Hormuz. The IBEX 35 fell by 0.4%, and the Euro Stoxx 50 by 0.2%. At the close of European trading, Wall Street was performing better than Europe thanks to a combination of lower-than-expected wholesale inflation, strong financial results and renewed momentum in the technology sector. Oil…


bolsa madridTC

Ibex 35 ends session virtually unchanged (up 0.1%) after falling more than 1% during morning

Report by Singular Bank European stock markets closed virtually flat after a session that was split in two. The escalation between the US and Iran sent Brent prices soaring once again and pushed up the energy risk premium, but US inflation figures were more benign than expected, allowing the market to recoup its initial losses. The IBEX 35 finished virtually flat (up 0.1%), having fallen by more than 1% during…