In Spain

inflation board

Spain: Inflation rises to 3.6% in May

The Consumer Price Index (CPI) rose by 0.3% in May compared with the previous month and raised its year-on-year rate by three tenths to 3.6%, its highest level since April 2023, due to the increase in electricity prices following the rise in VAT on electricity and to the fact that fuel prices fell less than a year earlier, according to the final data published on Thursday by the National Statistics…

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banco sabadell

BlackRock takes 6.27% of Banco Sabadell’s capital to become largest shareholder

Bankinter | BlackRock reaches 6.27% of the capital (as against the 3.92% it held previously) and becomes the main shareholder of the bank. Analysis: The increase in BlackRock’s stake comes in the middle of BBVA’s takeover bid for Sabadell, so will BBVA improve the exchange ratio and/or make a cash payment? It is also explained by technical factors. BlackRock is a global manager with a firm commitment to passive management…