The government’s refusal to deflate the income tax rate has allowed Spain to close the year 2024 with a record tax collection, close to €300 billion. This does not prevent the government from proposing new tax increases in 2025. Some have already come into effect on January 1. Others will do so in the coming months:– Corporate Tax: Multinational companies with a turnover of more than €750 million will pay…
Alphavalue / Divacons | The paper and energy group has updated its Decarbonisation Plan by increasing the level of reduction of Scope 1 and 2 emissions by 2035, setting targets for 2030 as an intermediate milestone and also incorporating targets to reduce indirect Scope 3 emissions. Specifically, the company, based on the 2018 financial year, increases the level of ambition of the target set for 2035 from a group-wide reduction…
Renta 4 : The Spanish selective medium cap index closed December very close to the annual highs recorded at 15300 points in May, when it forcefully broke the downward trend from the highs of 2015. The index is on the verge of starting the year giving bullish continuity to the previous trend, with no resistance above 15200 points up to the highs of 2015 at 17200 points, 12.6% higher. An…
CdM | Endesa, through its network subsidiary, e-distribución, has exceeded 30 GW of distributed renewable capacity connected to its distribution grid, enough to supply the consumption of almost 20 million homes and avoid the emission of close to 30 million tonnes of CO2. These are installations of small and medium-scale renewable energy producers and self-consumption which, in recent years, have been increasing their weight on the renewable generation map in…
Alphavalue / Divacons | The Cantabrian bank has already received $25 million (€23.6 million) as the first payments for the contract signed two years ago with Google. The bank granted the US multinational the licence for Gravity, a technology that Santander developed for its own transformation and which Google will now also market to its large corporate clients. Gravity Framework, whose intellectual property belongs to Santander, is software that makes…
Courts across Spain registered 1,782 judicial proceedings for the occupation of homes during the first nine months of the year, according to data released by the General Council of the Judiciary (CGPJ). In just the third quarter of 2024, there were 580 judicial complaints for home occupation, a 55% increase year-on-year compared to the 373 judicial complaints from the summer of 2023, confirming that the issues of legal insecurity affecting…
Link Securities | According to information sent to the National Securities Market Commission (CNMV) by the company, the credit agency Fitch Ratings has confirmed Acciona Energía’s long-term issuer default rating (IDR) at “BBB-” (last step of investment grade), with a “stable” outlook. According to Fitch, the €1bn sale of Spanish hydro assets to Endesa Generación and good progress on other disposals (likely to be completed by 2025) are consistent with…
Link Securities | BBVA (BBVA) announced on Monday that it has created a new unit to boost its expertise in data-driven services. Through the new Analytics Transformation Unit, BBVA is uniting its international team of more than 2,500 data scientists and specialists and will boost the development of its data-driven services with the latest advances in artificial intelligence. In this regard, BBVA points out that advanced data analysis is essential…
The Consumer Price Index (CPI) rose by 0.4% in December compared to the previous month, increasing its year-on-year rate by four tenths to 2.8%, according to preliminary data released on Monday by the National Institute of Statistics (INE). The agency explains that the increase is due to the rise in fuel prices and, to a lesser extent, to the prices of leisure and culture, which increased more in December than…
Link Securities | The company has asked the Mercantile Court No. 2 of Murcia to grant an extension of three months, that is, until March 26, 2025, in negotiations with its creditors to reach an agreement to resolve its financial situation and avoid bankruptcy, the digital portal Bolsamania.com reported yesterday. The company specialising in the manufacture of solar trackers has informed the National Securities Market Commission (CNMV) that it is…