In Spain

sanchez feijoo

“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

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

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

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

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

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

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…


renewables

Anti-takeover shield to include renewables companies, which cannot be taken over if investor has over 5% market share

Banco Sabadell| Among the modifications made by the Government (and announced yesterday) to the law known as the “anti-takeover shield” is the inclusion of energy companies (including renewable generation companies) as strategic companies so that any foreign investor that exceeds 5% market share in a specific technology will have to request authorisation from the Government. Assessment: It is possible that the modification made by the Government may have a certain…


poor

Bank of Spain estimates 17% of Spanish households -1.6 million, 376,000 up on four years ago- cannot meet essential expenses

In 2022, 9% of households could not cover essential expenses with their total gross income, compared with 7% in 2020, given the observed growth in inflation and interest rates, according to the report published by the Bank of Spain on the financial situation of households and companies for the first half of 2023. Although the nominal gross disposable income of households was 6.8% higher in 2022 than in 2020, inflation…


grifols blood bags

Grifols: European Parliament postpones debate on plasma regulation

Bankinter : The legal proposal was to be discussed at the end of June, but has been left off the official agenda due to a legislative bottleneck. The next dates could be 18 July, 29 August or September. Assessment: Positive news but with limited impact. In Europe it is estimated that 62% of the plasma consumed comes from donations and more than 30% is imported, mainly from the United States…