Business News & Financial News

Spanish Politics 12th May 2024

Socialists win elections in Catalonia, pro-independence parties fail to add up… A difficult victory to manage

Salvador Illa, the candidate of the Socialist Party of Catalonia (PSC), with 27.9% of the vote and 42 seats, has won the elections in Catalonia. Carles Puigdemont and Junts obtained 21.5% of the votes and 35 seats, but their great partner in the “procés”, Esquerra Republicana de Catalunya (ERC), which until now had been in charge of the government of the Generalitat, has suffered a debacle and has been left…

European economy 13th May 2024

France brings together 180 global CEOs at 7th “Choose France” summit to attract investment to country

Norbolsa | France is holding the 7th summit known as “Choose France” today, in which Macron will gather 180 CEOs, in an event with which he hopes to attract investment with the aim of reindustrialising the country and reinforcing the Paris hub post-Brexit. It was expected that the amount of investment pledged would exceed last year’s €13bn, with investment commitments from companies such as Amaon, Pfizer and Morgan Stanley, and…

World economy 13th May 2024

MilleniumGroup, with 1.459% of total voting rights, one of Puig’s strongest institutional investors

Link Securities | The US fund manager MilleniumGroup Management has emerged, along with CriteriaCaixa, as one of the institutional investors that have entered with most force in the capital of Puig Brands (PUIG), as reported last Friday by Expansión. Through the purchase of class B shares, the only ones traded on the stock exchange, the firm has acquired 1.459% of the total voting rights of the fragrances, cosmetics, fashion and…

“Spain has a good energy plan but if things don’t change, it won’t be fulfilled”

José Bogas, ENDESAS’s CEO, explains in Consejeros magazine that “295,000 million of investment is needed for the period 2021-30, and we have many years ahead of us when when we are not investing at this pace. Of these 295,000 million, 118,000 million are for renewables; 85,000 for energy efficiency, but almost nothing has been done so far; 53,000 for networks, which is more than 5,000 every year and we have…

“In banking funds, there are sales targets and conflicts of interest”

“An electric car in Germany today emits more CO2 than a diesel or a petrol car. That’s the reality, because 50% of electricity is generated with coal”

The CEO of Repsol, Josu Jon Imáz, took part on June 22 in a debate organised by the newspaper El Correo, and took the opportunity to warn of the hypocrisy, inefficiency and paradoxes of European energy policy.For example, in Spain it is forbidden – by law – to explore for and produce natural gas “and at the same time we are encouraging companies to bring gas from the United States,…

…in the last week