The supermarket chain DIA has announced the new configuration of its Executive Committee. This will include a Director of Transformation, will seek to redesign the business model, simplifying the processes and increasing efficiency. However, there remains uncertainty about the success of this repositioning because of the very aggressive competitive environment.
Spanish Banco Santander, the euro zone’s biggest bank by market value, reported on Wednesday an attributable profit for 2018 of € 7,810 million-up 18 %. In the fourth quarter alone, attributable profit was up 34% to €2,068 million, compared to Q4 2017.
Abengoa has presented its 10 year viability plan. The company anticipates to reach a turnover of 2.86 billion euros in 2023 and 4.202 billion euros in 2028. Moreover, its portfolio of will increase from 1.75 billion euros in 2019 to 4.01 billion euros in 2028, thanks to identified projects, whose value rises to almost 30 billion euros.
Telefonica reached a non-binding agreement with Vodafone, which expands the current deal on sharing networks in the UK. The objective is to extend the duration and to include 5G. Both operators also want to modernize their fibre optic networks. The agreement depends on concluding the legally binding terms and securing the necessary regulatory approvals, which is expected to happen during 2019.
New York state (US) has awarded two contracts for the construction of a wind farm and a solar power plants to Avangrid Renewables, the US subsidiary of Iberdrola.
The operator may have opted for dividing its assets in the region to facilitate their sale. Specifically, America Movil would be interested in the subsidiaries in El Salvador and Guatemala, and both Millicom and AT&T in the rest (Costa Rica, Nicaragua and Panama).
Caixabank, Telefónica, El Corte Inglés or Iberdrola are some of the companies which are best prepared to confront a year which will serve as a point of inflection for the economy facing the uncertainties, both national and international, which will end up damaging economic growth, according to the latest report of the consultancy Advice Strategic Consultants.
CAF has secured a contract in France for the rehabilitation of regional trains for 121.3 M€. According to the train builder, CAF was awarded the contract to rehabilitate 43 regional trains in France, which form part of those offering services in metropolitan Paris and the rest of the Île-de-France region, for a total of 121.3M€.
The British/Spanish company carried 112.9 million passengers last year, an increase of +7.7% over 2017, and with a load factor of 88.3%, an increase of +0.7%. Iberia achieved a year on year increase in traffic of 11.7%. As well as Iberia (including Iberia express), two other airlines of the group, Aer Lingus and Vueling, contributed to this growth with a 9.8% increase in traffic, while British Airway’s traffic increased 3.3%.
Tecnicas Reunidas has announced it has secured the tenders for three contracts at the close of 2018 for around 1 billion dollars (870 million euros). The new tenders are the most positive aspect in recent months. In the middle of November a new contract was also announced for 1.27 billion euros.