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European economy 14th May 2025

Airbus production totals 217 units through April, year-to-date increase of 7%, in line with guidance for full year

Morgan Stanley | Although April deliveries (56) represent a slowdown in annual delivery growth (192, down 5%), if we take into account the 25 aircraft that management pointed out at the AGM in mid-April, production totals 217 units, representing 7% growth year-on-year and in line with guidance for the full year. Regarding tariffs, management’s message that the current guidance may already be reflecting the direct impact of tariffs (i.e., returning…

European economy 13th May 2025

Telefónica announces agreement to create telecommunications services company for UK businesses

Renta 4 | Telefónica has announced an agreement to create a business services company in the United Kingdom. Virgin Media O2 UK, Telefónica’s 50% joint venture in the United Kingdom, has announced the creation of a company to provide telecommunications services to businesses (B2B) in combination with Daisy Group. Virgin Media O2 UK will control 70% and Daisy Group the remaining 30%. The Chairman will be Matthew Riley, founder of…

European economy 8th May 2025

Retail sales fall 0.1% in both Eurozone and European Union in March

CdM | Retail sales fell by 0.1% in March in both the Eurozone and the European Union (EU) as a whole compared to the previous month, according to data published by Eurostat, the EU statistics office. In year-on-year terms, the volume rose by 1.5% in the Eurozone and 1.4% in the EU. In detail, compared to the previous month, the volume of retail trade in the eurozone fell by 0.1%…

European economy 7th May 2025

German stock market supervisor approves Grifols’ takeover bid for subsidiary Biotest at €43 per share

Link Securities | Grifols (GRF) informed the National Securities Market Commission (CNMV) that on Tuesday the German federal financial supervisory authority, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), approved the publication of the offer document submitted by its subsidiary Grifols Biotest Holdings GmbH with the terms and conditions of the public takeover bid for delisting launched to all shareholders of Biotest AG to acquire all ordinary shares of Biotest, of which Grifols…

European economy 7th May 2025

Santander plans share buybacks of up to €3.2bn with proceeds from sale of 49% stake in Polish subsidiary

Norbolsa | The Spanish bank has agreed to sell 49% of its stake in Santander Bank Polska to Erste Group for around €6.8 billion, as part of a strategy to simplify its global footprint and focus on strategically connected markets. The deal also includes the sale of 50% of its asset management business in Poland, valued at €200 million, bringing the total value of the transaction to €8.9 billion. With…

European economy 5th May 2025

Eurozone CPI up 2.2% in April, core 2.7%

Link Securities | Eurostat published on Friday that, according to the preliminary estimate, the Eurozone consumer price index (CPI) rose 0.6% in the month of April compared to March, slightly more than the 0.5% expected by the FactSet consensus of analysts. On a year-on-year basis, the eurozone CPI rose 2.2% in April (2.2% in March), also above the 2.1% projected by analysts. As for the main components of inflation in…

European economy 4th May 2025

Airbus closes agreement to acquire certain assets of Spirit AeroSystems

Alphavalue/DIVACONS | The aerospace and defence company closed a deal to acquire certain assets of Spirit AeroSystems, completing a key part of the struggling supplier’s split with Boeing. The transaction is expected to close in 3Q25, pending regulatory approvals. Airbus will provide Spirit with a $200 million interest-free credit facility to ensure the continuity of its programmes, while it will receive a $439 million payment from Spirit as compensation. The…

European economy 29th April 2025

Iberdrola installs first monopile of East Anglia THREE, largest offshore wind farm to date

Link Securities | Iberdrola, through its subsidiary ScottishPower, has installed the first monopile of its East Anglia THREE offshore wind farm, digital portal Bolsamania.com reported on Friday. This is the company’s third project within its East Anglia Hub complex, located in the North Sea (UK). It is IBE’s largest park and the second largest in the world, which will involve an investment of £4 billion. At 84 metres high, weighing…

European economy 27th April 2025

ECB says wages in Europe grew 4.8% in 2024, 3.1% expected in 2025

Intermoney | The ECB’s wage monitoring report continues to show that pressures on negotiated wages will ease over the course of the year. The ECB’s wage monitoring report continues to indicate that pressures on negotiated wages will diminish over the year. In particular, it pointed to a growth rate of negotiated wages, including exceptional payments spread over time, of 4.8% in 2024 (with an average coverage of 48.8% of employees…

European economy 22nd April 2025

Eurozone March inflation confirmed to have moderated to 2.2%, core to 2.5%

Singular Bank: According to Eurostat’s final reading, in March the year-on-year rate of change of the Eurozone’s headline CPI moderated slightly to 2.2% (compared to 2.3% in February), its lowest since November 2024. This year-on-year increase was mainly explained by the contribution of services (up 1.56pp), followed by food, alcohol and tobacco (0.57pp) and non-energy industrial goods (0.16pp), in contrast to the negative contribution of energy (down 0.10pp). In a…

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