Banco Sabadell | According to the press, the main messages to be drawn from the appearance of Ángel Escribano (President of Indra) last week in the Congress of Deputies are: (i) Regarding the sale of Minsait, he stated that it is not for sale and that work is being done to develop it into a higher value service, (ii) he did not hide the interest in acquiring Santa Bárbara, but…
Sales abroad from the Spanish economy fell by 1.2% year-on-year in January. Imports, on the other hand, grew by 6.2%, resulting in a trade deficit that nearly doubles that recorded in January 2024. As a result of this data, according to the monthly report from ICEX for January 2025, the export-import coverage rate dropped to 82.8%, the lowest for January in the last decade. The increase in imports is mainly…
Bankinter | S&P maintained Spain’s rating at A with a long-term Stable outlook. The agency considers Spain to be one of the fastest growing OECD economies (projecting around +2% over the next four years). The maintenance of the stable outlook was based on the fact that it considers the risks to be balanced over the next two years. Despite this, the rating agency pointed out that public debt and unemployment…
CdM | The airports in the Aena (AENA) network in Spain closed February with 19,993, 427 passengers, 4% more than in the same month last year, while the group’s airports (comprising 46 airports and two heliports in Spain, London-Luton Airport and 17 airports in Brazil) handled 24,537,134 passengers, 4.4% more. Specifically, according to the data provided by the company, in Spain they managed 178,767 aircraft movements, 6.9% more than in…
The National Institute of Statistics (INE) published that the consumer price index (CPI) in Spain rose by 0.4% in February compared to January, a reading that confirms its preliminary figure and aligns with expectations from analysts at FactSet. The groups with the most significant positive monthly impact on the monthly CPI rate were: i) Hotels, cafés, and restaurants, which showed a variation of 0.7%, due to the increase in prices…
Alphavalue/ Divacons | The financial institution intends to reduce the number of members of the Banco Sabadell board in the event that the takeover bid is completed with a favourable outcome for BBVA and until the merger is carried out. In the prospectus submitted by the organisation to the US Securities and Exchange Commission (SEC), BBVA explains that as long as Sabadell remains a listed company under the control of…
Spanish wine, like European wine, is trembling. Donald Trump has decided to include it in the trade war that the United States is waging with the world and has threatened to impose a 200% tariff on them. This effectively means expelling Spanish wines from the U.S. market, a wine war that would particularly affect Catalan cavas and the wineries of Rioja and Ribera del Duero. This is indicated by the…
For a year now, Catalonia has been a real estate laboratory. This Sunday marks 12 months since the Generalitat decided to adopt the Housing Law and declare “stressed areas” in 140 of its municipalities, later adding another 131. It was the first community to do so – the Basque Country joined later, and so far no one else has – and today 90% of the Catalan population lives in an…
Link Securities | Zurich insurance company has just exceeded 4% shareholding in Banco Sabadell (SAB), according to information included yesterday in the register of the National Securities Market Commission (CNMV), according to the newspaper Expansión. The Swiss firm controls 4.03% of the Spanish bank, up from the previous 3.96%. Zurich Insurance Group has been making daily purchases on trading days since 21 February. With these acquisitions, it has increased its…
Bankinter | The Bank of Spain (BdE) has revised its GDP forecasts for 2025 to 2.7% year-on-year (up 0.2pp); and unchanged at 1.9% for 2026 and 1.7% for 2027. It has also revised the inflation projections for 2025 upwards to 2.5% (up 0.4pp), due to the rise in energy prices, and maintains those for 2026 and 2027 at 1.7% and 2.4% respectively. They project an unemployment rate of 10.5% (down…