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Acciona

Ibex, Markets 3rd March 2020

Acciona Refocuses Its Commitment To Renewables With An Ambitious Investment Plan

With an investment of 4 billion euros, Acciona plans to build renewable energy facilities in the next five years which will generate a combined total capacity of about 5 gigawatts (GW). These new allocations will be added to the portfolio of 10,117 megawatts (MW) which the Spanish group has installed and in operation, with 56% in Spain and the remaining 44% abroad. This has already made it one of the main global players in the sector.  

Bankia's performance is around -15% lower than the sector

Ibex 2nd March 2020

Bankia Takes the Cat out of the Bag at Investment Funds

Capital Madrid | For the first time in its history, Bankia reached the level of 20,000 million euros in assets managed in investment funds. This was done at the end of January, during which Bankia again led the market in terms of net income, according to data from Inverco.

Ferrovial2

Ibex 2nd March 2020

Ferrovial Closed 2019 with a Profit of 268 Million Euros

Renta 4 | Ferrovial (FER) obtained a net profit of 268 million euros last year, which managed to settle in “black numbers” and thus reverse the losses with which it had closed 2018 and had been justifying over the first three quarters of 2019, thanks to the capital gains from the sale of the Ausol highway in Malaga.

Endesa dividend yield

Ibex, Markets 26th February 2020

Endesa And Enel Put In Place A Contingency Plan To Combat Coronavirus

Endesa board of directors includes Italian members of Enel, such as the CEO of the Italian energy company, Francesco Starace, who is vice president of the Spanish company, and who, due to this plan, did not attend the meeting of the company’s governing body convened to approve the company’s last year’s results.

The challenge for Spanish banks in 2019: improve profit margins, still at historic lows

Ibex, Markets, Spanish Small & Mid Caps 21st February 2020

Spanish banks: less profit, more dividends: M&A on hold (for now)

The credit quality of Spanish banks looks solid, despite the pull-back in reported profits. Solvency ratios sitting comfortably above requirements offer greater leeway for capital distribution and will result in higher returns, benefiting investors, says Scope Ratings. Spanish bank creditors should see the banks’ improved capital-generation capacity as a sign of strength, even if capital ratios have peaked for this cycle.

Saudi Arabia inaugurates the high speed railway from Mecca to Medina

Ibex, Markets, Spanish Small & Mid Caps 20th February 2020

Consortium Sends First Contract Termination Notice Due To New Payments Delay For Mecca AVE

The Al Shoula consortium (Renfe, Adif, Ineco, Cobra, OHL, Indra, Consultrans, Copasa, Siemens, Imathia, Abengoa and Talgo) for the construction and operation of the Mecca-Medina high speed train would have sent a first contract termination notice due to the delay in payment by the Saudi Railway Organization that could amount to about 200 million euros.