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…
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…
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…
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…
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…
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…
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…
Grupo ASE | The upward trend in electricity prices began last summer. This is mainly due to the rising costs of gas and CO2 emissions. However, analysts at Grupo ASE describe the increase recorded so far in February, of nearly 200% year-on-year, as extraordinary and point to wind energy, which has been well below its historical averages. They explain that the growth of renewables means that weather conditions increasingly impact…
Link Securities | Iberdrola (IBE) and Diamond Foundry have signed a contract whereby the energy company will be responsible for supplying the energy to the company for the synthetic diamond manufacturing process at the plant that has been commissioned in Trujillo (Cáceres), according to the Bolsamanía portal. The contract states that the supply will be 100% renewable and with a guarantee of origin issued by the National Commission for Markets…
Naturgy earned €1.901 billion in 2024, down from the €1.986 billion obtained in 2023. The company’s EBITDA was €5.365 billion, compared to €5.475 billion a year earlier, while investments for the year amounted to €2.280 billion (€2.747 billion in 2023) and net debt rose to €12.201 billion from €12.090 billion, with a debt/EBITDA ratio of 2.3 times. Naturgy has emphasized that these figures illustrate “the group’s ability to continue creating…