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In Europe

ECB bonds

European economy 2nd July 2025

ECB to act ‘especially forcefully or persistently’ in face of inflationary shocks regardless of origin

Bankinter | The European Central Bank (ECB) has announced an update to its monetary policy strategy, adopting a more rigorous and agile approach to major inflationary shocks in a context of growing global uncertainty. The main new feature is the commitment to act ‘especially forcefully or persistently’ whenever inflation deviates significantly and persistently from the 2% target, regardless of the origin of the shock, whether temporary or structural. The aim…

Telefonica novisima

European economy 1st July 2025

Telefónica: Virgin Media O2 UK acquires 78.8 MHz of spectrum from Vodafone in UK for approximately €400 million

Renta 4 | VMO2 UK, Telefónica’s 50% subsidiary in the United Kingdom, has invested £343 million, approximately €400 million, to purchase 78.8 MHz of spectrum from Vodafone. This purchase is part of the conditions imposed by Ofcom, the British telecommunications regulator, on Vodafone for the acquisition of Three UK. Under this agreement, the three British operators, VMO2, Vodafone and British Telecom, will each have a third of the UK’s mobile…

scottish 777x400 1

European economy 30th June 2025

Iberdrola, through Scottish Power, in talks with OVO Energy for possible merger of energy supply businesses

Alphavalue/DIVACONS | The Spanish utility, through its subsidiary Scottish Power, is in talks with OVO Energy for a possible merger of their energy supply businesses in the United Kingdom. If completed, this transaction would create the third-largest energy supplier in the country, with more than six million customers, behind only British Gas and Octopus Energy. Although the talks are at a very early stage, it is believed that Ovo could…

europa detalle billete

European economy 25th June 2025

Eurozone activity fails to take off: Composite PMI remains unchanged in June at 50.2 points

CdM | The Eurozone is struggling to take off. This is shown by the PMI survey data released on Monday, which highlights that total private sector activity in the eurozone ‘barely managed to register any growth at the end of the first half of 2025’. HCOB’s Eurozone Composite PMI Total Activity Index remained unchanged at 50.2 in June, above the no-change level of 50.0 for the sixth consecutive month, but…

ArcelorMittal

In Europe 24th June 2025

ArcelorMittal puts decarbonisation plans on hold at two German plants due to energy policy and regulatory environment

Morgan Stanley | Our analyst Alain Gabriel highlights two pieces of news from the steel sector that are delaying decarbonisation targets. ArcelorMittal has announced that it is putting its decarbonisation plans on hold at two German plants (Bremen and Eisenhüttenstadt) given the energy policy and regulatory environment. In addition, Arcelor has confirmed that it will not be able to meet its 2030 emissions intensity targets. It justifies this on several…

inditexCM

In Europe 23rd June 2025

Inditex CEO says conditions not right for return to Russian market

Link Securities | Inditex (ITX) CEO Oscar García Maceiras said that conditions are not right for the owner of Zara to return to Russia, more than two years after it sold its local business following the invasion of Ukraine, according to the Inditex newspaper. When asked what circumstances would be right for the group to return to the market, the executive told the Financial Times that ‘an environment that is…

iag 1440x808 1

European economy 23rd June 2025

IAG estimates Capex of €6 billion and operating profit of €1.4 billion in Strategic Plan

Banc Sabadell | IAG (IAG) presented its strategic plan, ‘Flight Plan 2030’, for Iberia (25% of IAG’s capacity in 2024), with which it hopes to consolidate its position as leader in its main markets. We highlight the main messages: Capacity growth of 3/5% over the next few years, without specifying a period, with LatAm as the main market with expected growth of 5%.In the medium term (no specific period given),…

Indra novedad

In Europe 22nd June 2025

Indra to implement A-CDM/i-AOP collaborative decision-making system at Helsinki Airport

Link Securities | The company has signed a strategic alliance with Finnish airport operator Finavia to implement its A-CDM/i-AOP collaborative decision-making system at Helsinki Airport, the country’s main airport, with the aim of optimising the management of airport ground operations and aircraft turnaround times before take-off. As part of the agreement, Indra will also be responsible for the maintenance and future development of the system until 2031. This project reinforces…

iberia IAG

European economy 19th June 2025

Iberia (IAG) plans to invest €6 billion by mid-2030s, 70% in aircraft

Renta 4 | Yesterday was Iberia Day, attended by senior executives from IAG and Iberia, who gave presentations. Iberia is a success story of a restructuring process that began in 2012 and focused on three pillars: comprehensive transformation, leadership position in attractive markets and cost efficiency. Iberia remains well positioned to continue gaining market share in its main markets (Europe-Latin America, Spain-North America, domestic market and Spain-Europe). Management continues to…

Paris Air Show 2017 Aereal view

In Europe 18th June 2025

First day of Paris Air Show sees Airbus get orders for 132 aircraft from two Saudi companies, Poland’s LOT and Japan’s ANA

Bankinter | Airbus announced yesterday several orders for 132 cargo and passenger aircraft on the first day of the Paris Air Show being held this week, from Saudi leasing company AviLease (40 aircraft of various models, which could be expanded in the future), Riyadh Air (25), Polish airline LOT (27) and Japanese airline ANA(40). Analysis team’s view: Good news on orders, although the company’s main challenge remains to speed up…