Ibex


The cancellation of Mexico's airport could cost the country more than €4.4 Bn

The Cancellation Of Mexico’s Airport Could Cost The Country More Than €4.4 Bn

The president elect of Mexico, Andrés Manuel López Obrador, confirmed the cancellation of the construction works for the airport of Mexico. This is the result of the binding referendum and means the end of a project with a budget of €10 bn, of which 20% has been completed. The president’s alternative proposal is to enlarge the the military airport Santa Lucia (terminal for international flights) and modernise the old airport of Benito Juárez in the centre of Mexico City (for domestic traffic).



Santander rose attributable profit during the 9M18 by 13% to €5,742 M

Santander Reported Attributable Profit Of €5,742 M- Up 13% To September Driven By Spain And Brazil

Banco Santander increased attributable profit during the first nine months of 2018 by 13% to €5,742 million (+28% in constant euros), as strong growth in revenues in several markets, combined with improvements in credit quality, more than offset the impact of exchange rate depreciation against the euro in certain currencies, including the Argentine peso. Profit before tax for the period was €11,230 million–up 10 % (+23% in constant euros).


Iberdrola inaugurates its first offshore project In Germany

Iberdrola Inaugurates its First Offshore Project In Germany, 100% Designed And Operated By The Firm

Iberdrola began operations yesterday in the maritime wind farm Wikinger in the waters of the Baltic in Germany, which supposes the first maritime wind power project built by the group on its own, with an investment rising to 1.4 billion euros. With an output of 350MW, this wind farm represents the first phase in a larger wind power complex, of 836 MW and with a joint investment of 2.5 billion euros.


Grifols

Grifols Offers Hope Of A Treatment For Alzheimer

On Friday Grifols presented the results of its AMBAR (Alzheimer Management by Albumin Replacement) (phase IIb/III) study in Barcelona. AMBAR is an innovative possible treatment based on the therapeutic properties of plasma which has shown, statistically significantly, its effectiveness in slowing the progression Alzheimer in moderately affected patients.



Bankinter's profits increased by 7% in the first nine months of the year

Bankinter Lists At The Most Demanding PER In Spanish Banking Sector

Bankinter has been the first Spanish bank to publish its results. The bank´s shares have risen a modest 0.11% despite the good evolution of its business in the first nine months of the year. In this period profits increased by 7%, its ROE increased to 13.0 and its non- performing assets improved to 3.2%.