European News | Page 3 of 331

In Europe

In Europe 27th March 2025

Timid progress towards peace in Ukraine would ease maritime traffic of agricultural products and fertilisers

Banca March | This weekend’s negotiations in Riyadh have borne fruit. Ukraine and Russia announced on Tuesday that they had finalised the ceasefire agreement on energy infrastructures, to which a truce in hostilities in the Black Sea has been added, which would allow for the streamlining and securing of greater maritime traffic of agricultural products and fertilisers. However, the terms of the agreement are not entirely clear and the Russian…

In Europe 26th March 2025

Car sales in Europe fall 3.1% to 963,540 units year-on-year in February, but rise 11% in Spain

Alphavalue / Divacons | In February 2025, passenger car registrations in Europe fell by 3.1% year-on-year to 963,540 units, with declines in all major markets except Spain, where they grew by 11%. Compared to pre-pandemic levels (February 2019), sales are still 16% lower. In terms of technologies, pure electric vehicles (BEVs) grew by 26% year-on-year to reach a market share of 17.1%. Hybrids were the most popular option (with a…

European economy 25th March 2025

Airbus: solid demand, strong financial position and long-term growth potential

Bankinter | We revise estimates and recommendation. Solid demand and good financial position. We are upgrading our recommendation from Buy (under review). We set our Target Price: €171.5/share (from €127.8/share). Airbus has solid demand, long-term growth potential and a strong financial position. It is managing the two fronts that led to the profit warning in mid-2024: supply chain difficulties and analysing strategic options for Space Programs. The targets for 2025…

In Europe 25th March 2025

Ferrovial subsidiary Budimex part of consortium designing and building €332-million main line of Rail Baltica in Estonia

Link Securities | Budimex, the Polish subsidiary of Ferrovial (FER), is part of the consortium that will be responsible for designing and building the main line of Rail Baltica in Estonia, which has an estimated total value of €332 million (approximately 1.4 billion zlotys), according to the Bolsamanía portal. The project includes the design and construction of a 58.08 kilometre railway line from Pärnu to the Latvian border, and was…

European economy 25th March 2025

Eurozone consumer confidence index falls from -13.62 points to to -14.5 in March

Link Securities | The European Commission (EC) has published that, according to the preliminary reading of the data, the Eurozone consumer confidence index fell in March to -14.5 points from -13.6 points in its final reading in February. The consensus of FactSet analysts expected a significantly higher reading of -12.9 points. It should be noted that this indicator has averaged a reading of -10.57 points in the period from 1985…

In Europe 24th March 2025

EC reinforces steel safeguard clause as of 1 April in response to Trump’s tariffs

Bankinter | The European Commission (EC) is to reinforce the steel safeguard clause, as of 1st April. The EC will reinforce steel safeguard measures as of 1st April to ensure their effectiveness, in response to the tariffs established by the United States on 12th March (25% on all steel and aluminium imports). The EC is working on a new long-term safeguard clause to maintain ‘highly effective protection’ for the sector,…

European economy 20th March 2025

Santander restructures UK business by reorganising branches to increase profitability

Link Securities | Banco Santander (SAN) is restructuring its UK business to increase the profitability of the subsidiary, which has been under pressure in recent years and is below the group average, according to the newspaper Expansión. Specifically, Santander’s British subsidiary has announced a reorganisation of its branch network, which will involve the closure of 95 branches, 21% of the 444 it currently has. In addition, it will introduce other…

In Europe 19th March 2025

ZEW index economic expectations for Germany ‘improve considerably’ in March

CdM | Germany’s economic expectations ‘improve considerably’ in March. The ZEW indicator of economic sentiment stands at 51.6 points, which is 25.6 points above the previous month’s figure and exceeding the market forecast of 48.1. The last time the indicator increased so substantially was in January 2023. ‘This optimism is probably due to positive signals about future German fiscal policy, such as the agreement on the multi-billion-euro financial package for…

In Europe 19th March 2025

Ferrovial subsidiary Budimex chosen to build major section of Estonia railway corridor for €900 million

Link Securities | Rail Baltica, the company in charge of building the high-speed line that will connect Estonia, Lithuania and Latvia, has once again chosen Budimex, the Polish subsidiary of Ferrovial (FER), to build another of the major sections of the railway corridor in Estonia, according to the newspaper Expansión. The contract, put out to tender for more than €900 million, was divided into two lots. The joint venture formed…

In Europe 18th March 2025

IAG interested in acquiring Portuguese TAP despite paralysis of privatisation process

Link Securities | The airline holding company IAG (IAG) is not giving up on its efforts to acquire the Portuguese airline TAP despite the paralysis of the privatisation process that has led to the fall of Luis Montenegro’s government, according to the newspaper elEconomista. The Portuguese state, which owns 100% of the company’s capital, intends to sell part or all of the airline in a public tender whose details were…

« 1 2 3 4 5 … 331 »