Markets

oil plataform

With MoU formally terminated and Strait of Hormuz virtually paralysed, Brent crude rises above $90/barrel

Report by Renta 4 Flat opening (Eurostoxx futures down 0.2%, S&P unchanged, Nasdaq up 0.2%), whilst in Asia Japan is closed today and South Korea is seeing a rebound from Friday’s falls (of 4%). Today, Burnham is set to be appointed British Prime Minister. On the geopolitical front, this marks the ninth night of US strikes against Iran, with targets extending beyond strictly military sites (bridges, infrastructure, ports), a sign…


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What if it turns out that Europe is home to the world’s most strategic company?

Although AI is often associated with names such as Nvidia, SK Hynix, Samsung or TSMC, behind them all lies a key European player: ASML, whose technological position is unique in the world and which “has no competitor for its most advanced products”. By Alexis Bienvenu The artificial intelligence revolution has its own stars: Nvidia for processors, SK Hynix and Samsung for memory, and TSMC for chip manufacturing. However, behind these…


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…


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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…


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Digi Spain falls 8% on its stock market debut

Reported by the Consejeros Editorial Team Digi España was listed on the stock exchange yesterday via an initial listing auction. The transaction, aimed exclusively at institutional investors, consists of a rights issue of €150 million (€134 million net of fees and employee share options) combined with a public offering of €137 million by DIGI Romania (the parent company). The latter will have the option to sell additional shares worth €43…


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…


Palacio de la Bolsa de Madrid

ETFs domiciled in Europe growing at breakneck pace, with net inflows of $257,500 million in first half of year

By the Consejeros Editorial Team Flows into ETFs domiciled in Europe remained largely stable throughout the second quarter of the year, totalling $42.2 billion in April, $44.3 billion in May and $46.1 billion in June. The net total, at $132.5 billion, sets a new quarterly record, surpassing the $125 billion recorded in the first quarter of this year. The net total of $132.5 billion sets a new quarterly record, surpassing…


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…