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AccionaSede

European economy 18th February 2025

Acciona among companies in talks with Masdar to buy assets in Spain, Portugal and France

Norbolsa | Masdar is exploring several M&A operations to grow Saeta (acquired from Brookfield) and turn this group into its major expansion platform in Western Europe. Thus, they are in talks with EDP, Acciona and Totalenergies to buy various assets in Spain, Portugal and France, especially in wind power. Industry sources indicate that these transactions could add another 1,000 MW in operation, which at market price would be around €1billion….

Ferrovial construcción

European economy 29th January 2025

Ferrovial completes sale of 50% stake in AGS for €535 million

Intermoney | Ferrovial (FER) (Hold, PO €35) announced on Tuesday after the market closed that it has completed the sale of its 50% stake in AGS, which groups a number of airports in the UK, to AviAlliance UK Limited for £450 million, around €535 million. Macquarie, owner of the other 50%, has also sold this position for the same amount. Ferrovial confirms that in its Q1 25 results it will…

ana botin

European economy 22nd January 2025

Ana Botín assures in Davos that UK is key market for group and denies rumours of exit

Link Securities | The president of Banco Santander (SAN), Ana Botín, said on Tuesday that the United Kingdom is a key market for the group and ‘will remain so’ in the future, after it was published a few days ago that the bank would be rethinking its continuity in the country, according to the Europa Press agency. During her participation in a round table at the Davos Economic Forum, Botín…

Eurozona IPC 1

European economy 20th January 2025

Eurozone annual inflation rises to 2.4% in December

CdM: The annual inflation rate in the euro area was 2.4% in December 2024, up from 2.2% in November. A year earlier, the rate was 2.9%. Annual inflation in the European Union was 2.7% in December 2024, compared with 2.5% in November. A year earlier, the rate was 3.4%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were recorded in Ireland…

eurozona superavit comercial

European economy 18th January 2025

Eurozone generates €16.4-billion goods trade surplus with rest of world in November, down from €18.2 billion one year ago

Link Securities | According to the first estimate of the data, released yesterday by Eurostat, the Eurozone economy generated a trade surplus in goods with the rest of the world of €16.4bn in November, compared to a surplus of €18.2bn generated in the same month in 2023 and up from €8.6bn in October. The FactSet consensus of analysts expected a lower reading of €9.0 billion. Eurozone exports of goods to…

NH Hotels

European economy 16th January 2025

Minor Hotels (formerly NH) plans to increase hotel portfolio by 15% by 2025 and expand into UK, France and Nordic countries

Alphavalue / Divacons | The hotel chain expects to close 2024 with a revenue increase of close to 10% and an increase in recurring EBITDA of between 15% and 20%. This was announced yesterday by its new CEO, Gonzalo Aguilar. At a meeting with the press in Madrid, the executive stressed that the company is moving towards an “Asset light” model, based on management and franchising, balanced with ownership, with…

airbus A320

European economy 14th January 2025

Airbus 2024 deliveries reach 766, practically meeting target of 770

Banc Sabadell: Airbus published last week that it delivered 123 aircraft during the month of December (versus 84 in November ’24 and 112 in December ’23), bringing total deliveries in 2024 to 766 (versus 735 in 2023, up 4%), practically meeting the target of delivering 770 aircraft this year (the company considers plus/minus 20 aircraft to be within the guidance range). In addition, a total of 99 new orders and…

IAG

European economy 9th January 2025

IAG launches two invitations to buy back bonds for total of €1.2 billion

Link Securities | IAG (IAG) announced on Tuesday separate invitations to holders of its (i) bonds in the aggregate nominal amount of €500,000,000, issued at 1.50 per cent and maturing in 2027 (the 2027 Bonds) and (ii) bonds in the aggregate nominal amount of €700,000,000, issued at 3.75 per cent. and maturing in 2029 (the 2029 Bonds) offering the purchase of the Bonds by IAG in exchange for a cash…

mercado europeo bonos

European economy, In Europe 3rd January 2025

M3 monetary aggregate rebounds 3.8% year-on-year in November, accelerating from 3.4%

Link Securities | The ECB reported yesterday that the monetary aggregate M3 rebounded 3.8% year-on-year in November, accelerating the pace of growth from 3.4% in the previous month and exceeding the 3.5% increase expected by FactSet consensus analysts. The ECB also reported that bank lending to households in the Eurozone rose 0.9% year-on-year in November, accelerating from 0.8% in the previous month. November’s is the fastest pace of growth in…

ECB night

European economy, In Europe 2nd January 2025

ECB expects to reach 2% inflation target this year

Banca March: The ECB expects to reach the 2% inflation target this year. This was stated yesterday, Wednesday, by the President of the institution, Christine Lagarde, on the X social network. It should be recalled that price growth slowed down last year, even falling below the ECB’s target in September, although prices have picked up again in recent months. The slowdown has allowed the monetary authority to cut interest rates…