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In Spain 16th January 2025

Michael J. Fox Foundation donates Grifols $21 million to research new diagnostic tools for Parkinson’s disease

Link Securities | The Catalan blood products company has received a $21 million grant from the Michael J. Fox Foundation (MJFF) for Parkinson’s Disease Research to identify plasma-based biomarkers that could indicate a person’s likelihood of developing Parkinson’s disease (PD) “many years before” clinical diagnosis. The initiative, dubbed ‘Chronos PD’, could accelerate the discovery of new diagnostic tools, as well as the identification and development of novel therapies that modify…

In Spain 15th January 2025

Price of housing rises 4.6% in Spain in 4Q24

Link Securities | According to Tinsa’s IMIE General and Large Markets index, the price of housing in Spain rose by 5.5% in December in year-on-year rate, the Expansión newspaper published yesterday. The final figure for December puts the year-on-year change in house prices in 4Q2024 at 4.6%, two tenths more than the provisional 4.4% published on 30 December in the IMIE Local Markets statistics. In the annual accumulated, all groups…

In Spain 15th January 2025

New Government Housing Plan, with tax penalty for purchases by non-EU citizens

The Government is considering a special tax or a surcharge on the Transfer Tax to limit the acquisition of houses in Spain by non-resident non-EU foreigners, who mainly buy along the coast. Non-resident foreigners purchase 55,000 houses per year, compared to the 90,000 that are built. This is one of the most innovative measures of the housing plan that the President of the Government, Pedro Sánchez, announced on Monday in…

In Spain 14th January 2025

Ferrovial begins refurbishment and extension of Ter drinking water station

Alphavalue / Divacons | The Spanish construction, services and concessions company, and Construcciones Rubau, began work last Friday on the extension and rehabilitation of the Ter drinking water treatment plant (DWTP), one of the largest drinking water treatment plants in Catalonia. The project, commissioned by Ens d’Abastament d’Aigua Ter-Llobregat (ATL), will be carried out by Ferrovial’s water infrastructure subsidiary Cadagua and Rubau’s Arema. The project has a budget of €102…

Spanish economy 14th January 2025

Government could limit REITs regime: Merlin and Colonial to be little affected by focusing on malls and offices

Intermoney | The President of the Government, Pedro Sánchez, announced on Monday his intention to restrict the REITs regime except in the case that the companies promote housing at affordable rents. This measure is one of 12 that the president announced with the intention of tackling the current housing crisis. Specifically, Sánchez declared: “We are going to change the regime of tax advantages that the so-called REITs have. Why? So…

In Spain 14th January 2025

Amadeus to pay €0.50/share dividend on 17 January, 14% higher than same dividend in 2023

Banco Sabadell: Last December, the company’s Board of Directors approved the distribution of an interim dividend against 2024 results for a fixed gross amount of €0.50 per share, 14% higher than the same dividend in 2023, to be paid on 17 January 2025. After applying a 19% withholding tax, the net amount will be €0.405 per share. The dividend yield is 0.7%. Amadeus maintains a policy of remunerating its shareholders…

Spanish economy 13th January 2025

Spain: Labour costs rise by 18.5% more than gross salaries over five-year period due to increase in contributions

El Economista | An average salary of €26,555 gross per year is associated with an additional labour cost of €9,340 totaling €35,900 by the end of 2023. In 2018, before the surge in labour costs, a company paid €30,880 in labour charges for a gross payroll of €23,000. Thus, while the gross salary has increased by just over €3,500, total charges have risen by €5,900. In summary, companies today pay…

In Spain 13th January 2025

Attractive profitability/RoTE of Caixabank at high level (16.9%), with efficiency ratio at historically low levels (39.2% in 9M24)

Bankinter: We maintain Caixabank in our 5 Stocks Model Portfolio because it enjoys a good momentum in profitability/RoTE with an attractive shareholder remuneration plan. The factors that explain our strategic preference for the Catalan bank are: (1) Profitability/RoTE remains at a high level (16.9%), with a low risk profile and an efficiency ratio (costs/revenues) at historically low levels (39.2% in 9M 2024). (2) Credit quality ratios are good and the…

In Spain 11th January 2025

Amper invests in specialised defence fund Hyperion to reinforce 2023-2026 Strategic and Transformation Plan

Link Securities | The company announced on Thursday its investment in Hyperion, an investment fund specialising in defence, with which it is reinforcing its Strategic and Transformation Plan 2023-2026, focused on the growth of its Defence, Security and Communications business unit, and on positioning in its key markets, the digital portal Bolsamania.com reported yesterday. The Hyperion investment fund’s mission is to support the growth of key technology companies in the…

In Spain 10th January 2025

Iberia, part of IAG, carries all-time high of over 30.7 million passengers in 2024

Alphavalue / Divacons | The Iberia group, which includes Iberia Express and Iberia Regional Air Nostrum, reached an all-time record in 2024 by carrying 30,732,745 passengers. In detail, Iberia carried 18,677,812 passengers, Iberia Express 7,687,718 and Air Nostrum 4,367,215. These figures are due to the increase in demand for both business and leisure travel, as well as the good performance of all markets, especially Latin America and the new destinations…

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