Banca March | The governor of the Bank of France, François Villeroy, confirms that the plan to reduce the deficit to 5.4% this year is going in the right direction. Last week the new French prime minister set the deficit target for 2025 at 5.4%, compared to the 5% set by his predecessor. Villeroy had previously warned of the need to reduce the fiscal imbalance to below 5.5% and bring…
Intermoney | Acciona (Buy, PO €185) announced yesterday, while the market was open, that it had been awarded, through its Polish subsidiary to Mostostal Warszawa, the 7.94 km section between Niemcza and Ząbkowice Śląskie. This section forms part of the S8 motorway between Wrocław and Kłodzko, which runs for 87 km along the western fringe of the country. The contract is worth PLN305.7 million (€71.3 million). The Group has been…
Link Securities | The Spanish company and EVO Auto, the car brand of the Italian group DR Automobiles, have signed a framework collaboration agreement in Spain to promote the use of liquefied petroleum gas (LPG), as reported by both companies through a joint statement, Expansión reported yesterday. Thanks to this alliance, Repsol and EVO Auto are committed to promote the use of LPG as an alternative and environmentally friendly fuel,…
Link Securities | CAF is among the major international manufacturers invited by Northern Trains, the UK’s second largest rail operator, to participate in the supply and maintenance of more than 450 new public service train units, the largest order in the UK’s history, valued at around €9 billion, Expansión reports today. The British company wants to make the purchases in different phases, although a third of the fleet must be…
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…
Bankinter: Car sales increased by 5.1% in December. As a result, the annual accumulated figure rose slightly (0.8%) to 10.6 million units. Analysis team’s opinion: Sales show a weak evolution in the annual accumulated figure. Financing costs remain high, growth in Europe remains timid and doubts persist as to the type of vehicle to be purchased. The breakdown of the data shows that electric vehicle sales fell 10.2% 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…
Bankinter | Banco Santander (SAN) is reviewing the strategic positioning of its UK franchise. According to the British press, Santander could sell its subsidiary and points to Barclays as a possible interested party. Opinion of Bankinter’s analysis team: Positive impact. It is normal for Banco Santander to explore alternatives to improve the profitability and/or risk profile of its UK franchise, but we see a corporate transaction as unlikely. Santander UK…
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…
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…