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Talgo new

In Spain 28th January 2025

Jupiter Wagons to submit higher offer for Talgo higher than Sidenor group, looking to acquire more than 30% of shares

Alphavalue/ Divacons | Indian group Jupiter Wagons continues with its plans to launch a takeover bid for Talgo and has hired Lazard and Eversheds Sutherland as advisors, according to sources close to the process, Cinco Días reported. Jupiter Wagons is expected to submit a financial offer higher than that of industrial group Sidenor and seek to acquire more than 30% of Talgo’s capital. Talgo shares rose 1.73% on Friday. For…

telefonica logo nuevo

Spanish economy 27th January 2025

STC now controls 9.97% of Telefónica and requests a seat on its Board of Directors

The Saudi group STC is now the owner of 9.97% of Telefónica’s share capital and will engage in discussions with the operator to obtain a seat on the Board of Directors, according to a communication sent by its investment vehicle Luxco to the U.S. Securities and Exchange Commission (SEC). The STC group, which previously held 4.9% of Telefónica directly, received authorization from the Spanish government last November to control up…

Employment November

In Spain 27th January 2025

Minimum cost of hiring workers in Spain rises 62% since 2018

The government plans to finalize this week the increase in the minimum wage for 2025, with no signs of reaching an agreement on a figure with employers in the last meeting, having rejected the business offer to raise it by 3% as they deemed it “insufficient.” All indications suggest that the Ministry of Labor, led by Yolanda Díaz, will implement a 4.4% increase according to the highest recommendation from experts…

grifols blood bags

In Spain 25th January 2025

Grifols brothers linked to investigation by CNMV into accusations by bearish fund Gotham City Research

Link Securities | Judge José Luis Calama of the National Court, who is investigating the Grifols case, has asked the National Securities Market Commission (CNMV) to send him a document supporting Gotham’s accusations, arguing that the Catalan pharmaceutical company omitted relevant data in its accounts and provided the market with inaccurate information, as reported yesterday by the digital newspaper ElConfidencial.com. The regulator’s report, which analyses the accusations of the bear…

telefonica logo nuevo

Spanish economy 25th January 2025

Telefónica completes elimination of Huawei technology from 5G core in Spain by awarding this to Nokia

Norbolsa | Telefónica España has awarded the second phase of the replacement of the core of its 5G network to the Finnish company Nokia. With this award, and after awarding another part to Ericsson in 2021, it has completed the elimination of Huawei technology from its 5G core. This change is part of a strategy of supplier diversification, as well as the withdrawal of Chinese technology. The core network is…

Aena

Spanish economy 24th January 2025

Ryanair calls on Aena to sell ‘failed’ regional airports

Link Securities | The cross accusations between Ryanair and Aena (AENA) continue, after the Irish airline took the decision to eliminate routes in Spain due to ‘excessive fees and the lack of effectiveness of incentive plans’ by the airport manager, as reported on Tuesday by Bolsamanía.com. Now, the airline is going one step further and is asking Aena to sell its regional airports. ‘Minister Puente has two options: he can…

spain tourism

In Spain 24th January 2025

Spain breaks new record by surpassing 100 million international air passenger arrivals

Link Securities | According to data published by Turespaña, in December 2024 the good trend of previous months continued, and passengers from international airports amounted to 7.2 million, 8.6% more than in December a year ago, Of the total of more than 100 million passengers, 86.1% came from Europe, followed by the Americas, with a share of 8.9%. Asia was the geographical area of origin with the highest year-on-year growth…

Bankinter

Spanish economy 23rd January 2025

Bankinter: 4Q24 First Take – Net income in line; Fees save quarter

Jefferies | Reported 4Q net income in line with consensus, helped by a low effective tax rate in the quarter (with the print an 11% miss at PBT level). This PBT miss was primarily driven by €34m in other impairments, with pre-prov a 2% beat. Revenues were a 2% beat vs consensus, however this was driven by strong fees (5% beat), with NII dynamics a touch soft, down 3% quarter-on-quarter,…

Sanchez

In Spain 23rd January 2025

Sánchez in the Labyrinth: Junts and PNV Reject Two of Three Laws that Government Brings to Congress

Junts (Puigdemont’s party) rejected yesterday in Congress the ‘omnibus’ decree that included the revaluation of pensions, the extension of transport discounts, and aid for those affected by the DANA. However, the measure also contained other types of initiatives that it would have been incomprehensible for the political right to support, such as the suspension of evictions during 2025, which facilitates squatting. The rejection highlights the parliamentary weakness of the Executive…

iberdrola galan davos 2022

Spanish economy 23rd January 2025

Iberdrola chairman says dividend can grow every year and electricity demand will continue to rise

Bankinter | In an interview at the Davos Forum, the company’s chairman Ignacio Galán said that “it is perfectly possible to grow and pay a higher dividend every year”. He considers the commitment to the dividend and the profitability of the 350,000 small investors who are Iberdrola shareholders to be a priority for the group. Galán anticipates that the demand for electricity will grow in the coming years as growth…