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Alemania Eurozona

European economy 16th May 2025

Economic sentiment in Germany improves again, perception of Europe stands at 11.6 points

CdM | Economic sentiment has improved again in Germany. In the May survey, the ZEW indicator shows that, at 25.2 points, it is 39.2 points higher than in the previous month, thus clearly in positive territory. ‘With the arrival of the new government, some progress in the tariff disputes and a stabilising inflation rate, optimism has increased.’ This is according to ZEW President Professor Achim Wambach, who adds that ‘expectations…

Airbus nuevo

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…

telefonica letrero entrada 1024x648 1

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…

alemania germany ZEW

In Europe 13th May 2025

Moody’s confirms Germany’s rating at Aaa, with stable outlook, but stagnant economy still expected for 2025

Bankinter | Moody’s confirms its rating at Aaa, with a stable outlook. It views the defence and infrastructure investment plan positively and revises its growth forecasts upwards by 0.5 p.p. to 1.4% in 2026 and 1.3% on average between 2026 and 2023. For 2025, it still expects the German economy to remain stagnant. Analysis team’s view: Good news. The support of the rating agencies should bolster the Bund, following the…

ventas minoristas 2

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%…

grifols edificio

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…

banco santander new

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…

inflacion precios

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…

Airbus 320

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…

banco santander new

In Europe 29th April 2025

Erste Bank reportedly considering acquiring 49% of Santander Bank Polska

Renta 4 | Erste Bank is reportedly considering acquiring 49% of Santander Bank Polska (in which it has a 62% stake) which could lead to a takeover bid for 100%, according to press reports. Banco Santander has confirmed in a statement to the National Securities Market Commission (CNMV) that it has received interest from various parties and that it is in talks with Erste Group Bank AG for a possible…