European News | Page 4 of 325

In Europe

In Europe 10th December 2024

Iberdrola obtains production licence for construction of Portugal’s largest wind farm, with around €350-million investment

Link Securities | Iberdrola (IBE) has obtained the production licence from Portugal’s Directorate General of Energy and Geology (DGEG), marking another step towards the construction of Portugal’s largest wind farm, Bolsamanía reported on Monday. The project, located in the districts of Vila Real and Braga in the north of the country, which combines wind and hydro power, has a total investment of around €350 million. With an installed capacity of…

In Europe 9th December 2024

Eurozone GDP grows 0.4% in Q3 2024

The Gross Domestic Product (GDP) of the Eurozone expanded by 0.4% in Q3 2024 compared to the previous quarter, in line with its preliminary reading and marking its highest quarterly growth rate in two years, following the 0.2% increase in Q2 2024. Household consumption (+0.7%), the rise in gross fixed capital formation (+2.0%), and inventories were the largest contributors, with public spending also recording an increase (+0.5%). On the other…

In Europe 9th December 2024

Improvising a new government for France

The weekend ends with a focus on France, following the resignation of Prime Minister Michel Barnier due to the no-confidence motion backed by Marine Le Pen’s far-right party. According to Le Pen, the outgoing administration’s plan to bring the budget gap down to 3.0% by 2029 was not credible for the country, and a “reasonable trajectory” based on wealth creation and savings is needed. “We want to absorb the deficits,…

European economy 5th December 2024

Eurozone unemployment rate remains at record low of 6.3% in October

Bankinter: The October Unemployment Rate repeats at 6.3%, as expected. No surprises and no market impact. In any case, it is an excellent historical low level within a slightly downward trend during the last years. Eurostat estimates that in October 10.841 million people were unemployed in the Eurozone. Compared to September, unemployment decreased by 3,000 people in the Eurozone. Compared to October 2023, unemployment decreased by 411,000. By Eurozone countries,…

In Europe 3rd December 2024

Sacyr starts operating A21 project in Italy, with €800 million investment planned for concession

Intermoney | The Italian consortium SIS, formed by Fininc and Sacyr (Buy, PO €4.4), has begun operating five sections of the A21 Turin highway, totaling 320 kilometers. This contract, awarded by the Italian Ministry of Infrastructure and Transport, is expected to generate traffic revenues in excess of €2.9 billion over the 12-year concession period. The concession includes the design and execution of the works to improve these sections, with an…

In Europe 2nd December 2024

Ferrovial and British company BAM Nuttal to develop London-Birmingham high-speed rail link in contract worth over €1 billion

Alphavalue/ Divacons | The consortium in which the Spanish construction company participates won a contract for high-speed works between London and Birmingham. The contract could be worth more than €1 billion. Ferrovial, together with local company BAM Nuttal, will design and build the tracks between Old Oak Common station in northwest London and Curzon Street in Birmingham, which is being built by Dragados. Trains will be able to run at…

In Europe 2nd December 2024

French PM Michel Barnier abandons plans to increase electricity taxes in 2025 budgets

BancaMarch: Michel Barnier, Prime Minister of France, is abandoning plans to increase electricity taxes in the 2025 budget. This decision, which would be a concession to the demands of Le Pen’s party, is not enough. The Rassemblement Nationale has the bargaining power to make the government meet its demands, since its vote would be decisive in the event of a no-confidence motion. Yesterday Barnier struck an appeasing tone, declaring that…

In Europe 29th November 2024

Air Europa in contact with Air France-KLM for possible partial buyout, IAG retains 20% minority stake

Alphavalue/ Divacons | Air Europa, Spain’s third largest airline, is in talks to sell a 20% stake to Air France-KLM and establish a commercial cooperation. The deal is expected to be valued at less than €100m and is unlikely to trigger antitrust intervention by the EU. Previously, IAG (owner of the two largest Spanish airlines) abandoned plans to acquire Air Europa, probably due to irreconcilable differences between the remedies required…

European economy 28th November 2024

EC says euro area fiscal stance to be 0.29% of GDP tighter in 2025 than in 2024

Norbolsa: EU fiscal plan: The European Commission reported that France’s 2025 draft budget and medium-term plan to reduce public debt are in line with EU rules (it is projected to have a budget deficit of 6.1% of GDP this year and by 2025 aims to reduce it to 4% and then bring it below the EU limit of 3% in 2029), while the Netherlands’ spending plans are high. The European…

In Europe 27th November 2024

European Commission finalises review of BBVA’s Sabadell takeover bid with no objections

Link Securities | According to financial sources close to the process, the European Commission (EC) gave its approval to BBVA’s takeover bid for Banco Sabadell (SAB) after verifying that BBVA will not benefit from aid from third countries to take over Sabadell, according to the newspaper Expansión. On 21 October, the European Commission (EC) Directorate-General for Competition opened proceedings against BBVA to explore the existence of potential subsidies from foreign…

« 1 2 3 4 5 6 … 325 »