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cnmv

Spanish economy 13th July 2023

CNMV bans CFD advertising in Spain: over 70% of investors lose money

The CNMV has published its new guidelines for the marketing, distribution or sale of CFDs and other leveraged instruments to retailers, which were approved this week by the CNMV’s Executive Committee. The new measures, which will be published in the BOE in the coming days, include “the prohibition of CFD advertising aimed at retailers or the general public, the sponsorship of events (including sporting events), as well as brand advertising…

precios inflacion

Spanish economy 13th July 2023

Staircase effect takes Spanish inflation to 1.9, with core inflation at 5.9%

Funcas| The CPI rose by 0.6% in June, well below the 1.9% increase recorded in the same month last year, which has cut the year-on-year inflation rate by 1.3 percentage points to 1.9%. Inflation remains below 2% for the first time since March 2021. Core inflation moderated to 5.9%. The decline in the headline inflation rate was mainly due to the pass-through effect in energy products. Recent months have also…

dividends new

Spanish economy 12th July 2023

Spanish companies recover pre-pandemic dividends: €84,000 million

In the first quarter of this year, non-financial companies as a whole have just recovered the figure for dividends paid out prior to the pandemic: almost €84,000 million in dividends, taking the cumulative figure for the last four quarters. This is only 750 million less than in 2019, according to El País newspaper, based on data provided by the Bank of Spain. However, if only the amounts for the first…

sanchez feijoo

Spanish Politics 11th July 2023

“A disastrous night for Sánchez”

This is how the pro-Sánchez daily El País summed up the debate that took place yesterday, at 10pm, between President Sánchez and the leader of the PP, Nuñez Feijóo, who is several points ahead of the PSOE leader in all the polls. And yesterday’s debate is not going to change the trend. A nervous, unfocused Sánchez refused to sign the proposal made by the leader of the PP for the…

realia torre madrid

Spanish economy 11th July 2023

Realia signs a loan with company’s reference shareholder, FCC, for €40 million

Link Securities | The company informed the CNMV of the approval by the Board of Directors, on 6 July 2023, of a related-party transaction, consisting of the subscription by Realia of a loan with FCC, the reference shareholder of the real estate developer, for an amount of €40 million under the terms and conditions set out in the favourable report issued by the Audit and Control Committee, on 5 July…

red electrica cableado

Spanish economy 10th July 2023

EU electricity market reform now agreed in the European Parliament

Santander | According to Euractiv, political groups in the European Parliament have reached an agreement on the “general conditions of the EU electricity market reform… paving the way for a swift adoption of the proposal in the EU assembly before holding decisive talks with EU member states to finalise the law”. The electricity market reform, proposed by the European Commission in March, aims to avoid a repeat of the energy…

CAF factory

Spanish economy 10th July 2023

CAF to supply electric buses to Cagliari, metro units to Naples and trams to Palermo for more than €150m

Link Securities | CAF informed the CNMV on Thursday that three Italian cities, Cagliari, Naples and Palermo have placed their trust in CAF to make decisive progress in their transformation towards sustainable urban mobility. The CAF Group will supply electric buses to Cagliari in Sardinia, metro units to Naples and trams to Palermo, the capital of Sicily. According to the company, these contracts confirm CAF’s strong value proposition as a…

Metrovacesa

Spanish economy 9th July 2023

Carlos Slim eyes taking control of Metrovacesa with FCC to then delist it from stock exchange

Link Securities| The newspaper elEconomista.es reported on Tuesday that Mexican businessman Carlos Slim aspires to take control of Metrovacesa (MVC) with FCC and once he achieves this goal, one of his plans is to delist the developer from the stock market, as confirmed by various sources in the sector to elEconomista.es. This move would be strategic in order to be able to later propose a corporate operation to integrate Metrovacesa…

IGUALDAD DE GENERO

Spanish economy 8th July 2023

IBEX-35, just six women directors away from reaching 40% female presence on boards

F.R. | Ibex-35 listed companies have reached 39% of female directors as of July 1 this year, 1.6 percentage points more than at the end of 2022 and just six female directors away from the target of 40% female presence on boards recommended by the CNMV for this year. These are the data provided by the Gender Diversity in Ibex 35 Boards of Directors monitor, which is published periodically by…

utilities

Spanish Politics 8th July 2023

PP’s electoral programme looks positive for main national players in energy sector, IBE, ENE and NTGY

Norbolsa| The Popular Party (PP) has announced its electoral programme in which the following points are highlighted with regard to the energy sector: The elimination of the exceptional intervention measures in the wholesale electricity market (67 €/MWh).The extension of the useful life of nuclear power plants.The introduction of a “milestone fee”, to be paid by the project developer, to speed up the management of files, as it will serve to…