Inditex’s (ITX) net income rose 40% in the first half of the fiscal year (from 1 February 2023 to 31 July 2023), to €2,513 million. Sales grew by 13.5% to €16,851 million, with a “very satisfactory” evolution both in shops and online, the company said. It also stressed that the evolution has been positive in all geographical areas and in all formats. Sales at constant exchange rates grew by 16.6%….
Link Securities| Naturgy (NTGY) will give a strong boost to the decarbonisation of the road and maritime transport sector by acquiring BioGNL production from the future Sologas plant in As Somozas (La Coruña). The first long-term purchase contract for renewable gas in liquid form is for 25 GWh per year, which is the production capacity of the waste recovery plant that Sologas has planned for its As Somozas site, and…
In its summer economic estimates, the European Commission (EC) has revised up Spain’s gross domestic product (GDP) growth for 2023 to 2.2% from 1.9% in its previous estimate (5.5% in 2022). This revision is mainly due to the “higher than expected” carry-over effect of 2022 and the “solid” performance of the Spanish economy in 1H2023. Looking ahead to the end of the year and the beginning of 2024, the EC…
Norbolsa| Saudi Telecom will have to inform Defence about its plans in Telefónica (TEF) if it wants to obtain the government’s permission. In this regard, the Ministry of Defence updated on 1 September the information requirements it requests from foreign investors who buy more than 5% in companies linked to the Spanish Armed Forces, which is the case of Telefónica, for its communication and technology services to the Army.
Alphavalue/ Divacons| For the first time in Spain, sales of electric cars have exceeded those of plug-in hybrids in a month. According to data from the Spanish Association of Car and Truck Manufacturers (Anfac), 3,583 electric cars were registered in Spain in August, 156% more than the previous year, while plug-in hybrids delivered were 3,362, just 21% more than last year.
Junts per Catalunya (JxCat), the party of Carles Puigdemont reaffirms and, in a statement on the occasion of the Diada (Catalonia’s National Day) that is celebrated today, 11 September throughout Catalonia, says that it has not renounced and will not renounce “unilateralism as a legitimate resource to assert their rights”, as Puigdemont defended in his press conference in Brussels, and that it maintains the legitimacy of the independence referendum held…
Bankinter: House Prices rise +2.1% in 2Q2023 (q/q). The Housing Price Index, compiled by the INE (National Statistics Institute), points to a slight rise in prices of +2.1% in Q2 2023 (q/q). In year-on-year terms it remains positive (+3.6% vs +3.5% previously). Second-hand housing rises +2.2% year-on-year, while new builds are up +1.7% year-on-year. Assessment: We estimate that housing prices will moderate towards a cumulative decline of -5% between 2023-2024,…
Fernando González Urbaneja | That Pedro Sánchez changes his mind is not news, it is part of his way of doing politics. It is one of the assets he employs to achieve the desired end, which is none other than power, dressed up as a progressive programme, one of those concepts that can be used for whatever is needed, an empty signifier. Sánchez makes no secret of this ability to…
Renta 4| The price has violently broken the downward trend line from the highs of July 2021, while confirming important bullish divergences in its slow indicators. Moreover, the monthly indicators have started a bullish process, which is often accompanied by additional upward pressure in the medium/long term. The price presents a key reversal support level, between the lows of last June at €7.15 and the crossing of the main bullish…
Alphavalue / Divacons | Esther Koplowitz has increased her stake in FCC to 4.64% of the capital, which is a new high for the businesswoman since Mexican tycoon Carlos Slim took control of the company. As recorded in the records of the National Securities Market Commission (CNMV), the increase is in response to the delivery of shares as part of the flexible dividend and the redemption of own shares carried…