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Telefonica

In Spain 4th March 2025

Telefónica president calls on EU to modify regulations to ‘consolidate and grow’

The executive chairman of Telefónica, Marc Murtra, emphasized on Monday in Barcelona, during his participation in the opening session of the Mobile World Congress (MWC), the need for Europe to allow consolidation in the European telecommunications sector so that operators can gain size and strengthen their technological potential. “We must be aware that the excessive fragmentation of European TMTs, excessive regulation, and insufficient profitability in the sector have hindered Europe,…

unemployment office

Spanish economy 3rd March 2025

Spain had 3,927,346 unemployed at end 2024 (1.3 million more than officially ‘registered unemployed’)

José Luis Fernández Santillana, Director of the USO Studies Office | A job seeker is a person who registers with public employment services, either because they have lost their job and are looking for a new one (regardless of whether they are entitled to unemployment benefits), seeking their first job, or being employed (having a job) and looking for an improvement in their work situation (a broader or better-paid position),…

industria

In Spain 2nd March 2025

Industrial production prices in Spain rebound 2.6% annually against 2.3% previously due to 8.6% rise in energy costs

Link Securities | The National Institute of Statistics (INE) published on Wednesday that the Producer Price Index (PPI) rose in Spain by 0.4% in January in relation to December. During the month, the prices that contributed most to the rise in this variable were those of oil refining (up 5.8%) and those of gas production and distribution by pipeline of gaseous fuels (4.8%). On the contrary, the prices that most…

inflation board

Spanish economy 28th February 2025

Inflation in Spain back up to 3%

The National Institute of Statistics (INE) published yesterday that, according to the preliminary reading of the data, the Consumer Price Index (CPI) in Spain rose by 0.4% in February compared to January. Year-on-year, the CPI in Spain increased by 3.0% in February (2.9% in January), a reading that was in line with expectations from the consensus of analysts at FactSet. This development is mainly due to the increase in electricity…

iberdrola megachuli

Spanish economy 28th February 2025

Iberdrola’s profit increases 17% to €5,612M in 2024 thanks to regulated network assets and tariff revisions

Bankinter | Results and guidance surprisingly positive. Dividends on the rise. Dividend yield 2025 4.90%. Key figures compared with consensus: total EBITDA €16,848M (up 17%) versus €16,243M est.; NBI €5,612M (up 17%) versus €5,550M estimated; adjusted NBI €5,530M up 15%. Funds generated by operations: €11,836 million (up 10%); Net Debt €51,700 million versus €47,914 million in December 2023. The dividend per share on 2024 results rises 15% to €0.6350/share. The…

Mediaset and Netflix

In Spain 27th February 2025

Media Surrealism: Government offers TV channel to El País – which rejects it and dismisses executives promoting it – while setting up registry to disclose support each media outlet receives

José Miguel Contreras, media advisor to Pedro Sánchez and one of the executives of Prisa – the publishing company of El País – who was dismissed yesterday, already benefited from the granting of a television channel by another socialist president, José Luis Rodríguez Zapatero, almost 20 years ago. Contreras was one of the promoters of La Sexta, whose support for the current Government is unwavering. Yesterday, Contreras and Núñez, the…

Cortefiel

Spanish economy 26th February 2025

Abu Dhabi royal family buys 67% of Cortefiel

The royal family of Abu Dhabi has reached an agreement to purchase 67.91% of Tendam, the company that owns chains such as Cortefiel, Springfield, Women’s Secret, and Pedro del Hierro from the CVC and PAI funds. The operation, which has been carried out through Multiply Group, means that both CVC and PAI will retain 32.09% of the capital after valuing the company at around €1.5 billion, below the €2 billion…

ing 15 970x597

Spanish economy 26th February 2025

ING Group interested in acquiring Banco Sabadell if BBVA takeover bid not approved by Spanish competition authority

Alphavalue/ Divacons | ING Group considered the acquisition of Banco de Sabadell in 2024, with the aim of expanding its presence in Spain, a market that ING considers to be high-growth, according to what was published yesterday by El Confidencial, citeing sources close to the matter. According to the same article, the Dutch bank is awaiting the decision of the Spanish competition authority on the approval of BBVA’s takeover bid…

Montero

In Spain 25th February 2025

ERC announces cancellation of €17 billion in debt to Catalonia, agreed in exchange for investing Sánchez

Oriol Junqueras, the independentist leader of ERC, announced yesterday that the Government and ERC have agreed to cancel more than €17 billion, 22%, of Catalonia’s debt with the Autonomous Liquidity Fund (FLA). The agreement was reached between ERC and PSOE in exchange for Pedro Sánchez’s investiture and is intended to be implemented immediately. Hours after ERC’s announcement, the central government offered to forgive €83.252 billion of debt to the autonomous…

Spain defence spending

In Spain 24th February 2025

NATO accelerates pressure to increase military spending, including Italy and Spain

NATO Secretary General Mark Rutte urged Alliance partners on Thursday to raise military spending to 2% of GDP by summer and warned that those who do not comply will receive ‘a call from a very nice man in Washington,’ referring to President Trump. Rutte commented yesterday that there are already ’22 or 23′ states meeting the 2% commitment, but some are still lagging behind – Italy and Spain, among others…