Ibex

Telefonica Murtra 1

Telefónica: doubts about possible capital increase punish stock by 4.81%

CdM | Doubts about a possible capital increase by Telefónica punished the stock by 4.81%, recording the worst performance in the index. According to vozpopuli.com, TELEFÓNICA (TEF) is considering the possibility of carrying out a capital increase, which would be approved in the coming weeks. The operation, according to this media outlet, would have the support of the main shareholders: the State, through SEPI; the Saudi operator STC and CriteriaCaixa….


Caixabank kio 2

Caixabank executes 53.47% of share buyback in programme’s ninth week

Alphavalue/DIVACONS | The Catalan bank executed 53.47% of its share buyback in the ninth week of the programme, whose maximum amount has been set at €500 million, according to information provided by the entity to the National Securities Market Commission (CNMV) on Friday. Specifically, in this new week of the programme, it acquired 2,237,802 shares at a weighted average price of £8.6738 and a total amount of £19.4 million. Meanwhile,…


iberdrola avangrid eeuu 2

Iberdrola subsidiary Avangrid generates 13,000 gigawatt hours of energy in US in 1H25

Alphavalue/DIVACONS | The Spanish utility company, through its subsidiary Avangrid, generated around 13,000 gigawatt hours (GWh) of energy in the United States in 1H25, which is equivalent to enough electricity to supply around 2.4 million homes in the country. Specifically, the group chaired by Ignacio Sánchez Galán has a total of 80 electrical facilities in operation from coast to coast, with a combined generation capacity of more than 10.5 gigawatts…



Aena nuevita

Aena exceeds 32 million passengers; year-to-date traffic rises 4.1%

Intermoney | Aena (AENA) (Hold, Target Price €24) announced its passenger traffic figures for July 2025 on Tuesday after the market closed. The figures for Spain showed an increase of 2.7% last month, exceeding 32 million passengers, of which nearly 12 million were distributed between Barajas and El Prat, which increased their figures by slightly less than 1% and almost 3%, respectively. Among the other major airports, Malaga (8%) and…


naturgy

Naturgy announces accelerated placement and bilateral sale of 5.5% of capital to increase free float

Renta 4 | Naturgy (NTGY) has carried out an accelerated placement of approximately 2% of its capital, 19.3 million shares held in treasury, for approximately €500 million. This represents a price per share of €25.9 and a discount of 7.1%. In addition, it has agreed to sell up to 34.1 million shares, also held in treasury, representing approximately 3.5% of the capital, to an international financial institution. Naturgy has entered…


BCE noche

ECB test shows Banco Sabadell and Unicaja as institutions with greatest capital deterioration

Renta 4 | On Friday, the ECB released the results of the stress test. This exercise, we recall, does not establish a pass/fail threshold, but is designed to provide additional information for the supervisory review and evaluation process. The adverse stress scenario has been designed by the EBA/JERS for a three-year time horizon (2025-2027) and assumes a hypothetical worsening of geopolitical tensions, with very negative and persistent trade and confidence…


Airlines industry

Airlines and airports: rising despite uncertainty; IAG and Ferrovial, preferences in both sectors

Deutsche Bank | Since the publication of our latest transport leading indicators on 27 June, airlines (up 4%) and airport and infrastructure companies (up 2%) have slightly outperformed the market average (STOXX 600 +1%), despite higher oil prices (jet fuel rose 8% to $762/mt), continued uncertainty over tariffs and geopolitics, and some mediocre PMI data. Two of the French names we cover have been the most profitable within their subsectors,…


InmoColonial

Rental income from Inmobiliaria Colonial’s French subsidiary rises to €123 million; Colonial’s rental income could reach €197 million, up 3%

Intermoney | SFL, the French subsidiary of Inmobiliaria Colonial (COL) (Buy, Target Price €8.5/share), reported its H1 2025 figures on Wednesday after the market closed. Rental income rose by 1% in equivalent terms to €123 million, in line with Intermoney’s expectations for Colonial. Compared to the figure reported a year ago, rental income fell by 3% due to asset sales. The 1% growth is divided between a 5% decline due…


Rovi nuevita

Laboratorios Rovi’s gross margin could reach 63% thanks to lower raw material costs and higher sales of Okedi

Renta 4 | Laboratorios Rovi (ROVI) will publish its Q2 2025 results on Thursday 24 July at 10 a.m. We expect some improvement on the figures recorded in the previous quarter, although it is true that the year-on-year comparison in this second quarter is much more challenging, and in this regard, Rovi will present figures that, at first glance, appear worse. Thus, we expect Rovi to report revenues of €160…