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Madrid stock market

I.R. Spain, Spanish economy 11th January 2021

Shareholders Rights Directive II – A Good Plan For Greater And Long-Term Engagement… If We Find Out How To Get There

Pedro Saá * (Computershare) | SRDII, as it is commonly known, means a deep restructuring of the pipes of the communication from issuers to investors and a refurbishment of processes related the execution of shareholders rights and the transmission of holdings information to issuers. SRDII and, more precisely, the abrupt implementation without a proper testing phase, is highlighting the real hurdles to achieve the ultimate goals. 

Spain property

Spanish economy 11th January 2021

The price of housing in Spain could fall by 5% in 2021

Continuing the negative trend already observed in 2020, when this type of asset depreciated by 3.7%, housing prices could fall 5% in 2021. On the other hand, a certain recovery in the volume of sales and purchases is expected this year, with up to 480,000 transactions compared to 450,000 last year; in 2019, almost 570,000 property sales and purchases were recorded. 

ibex investors2020

Ibex, Markets, Spanish economy 11th January 2021

IAG, Spanish Investors’ Favourite Stock In 2020

The shares of IAG, Iberia’s parent company, were the most traded by Spanish investors in 2020, said the European online broker Degiro, while Tesla Motors’ shares were the most traded in Europe this year. IAG’s shares are followed by Banco Santander’s, the Chinese electric vehicle company NIO (listed on the New York Stock Exchange) and the US manufacturer Tesla, on the Nasdaq.

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Spanish economy 8th January 2021

Spanish Construction And Engineering Sectors Propose A €100 Bn Investment Plan

Seopan, the employers’ association for the large Spanish construction companies, together with the engineering firm’s Tecniberia, have proposed a €100.428 Bn infrastructure investment plan. This could generate some 1.4 M jobs until 2026 with 2,277 actions in 10 macro-projects and 32 investment lines. All Spanish administrations’ tenders in public works fell by 31% to €12.7 Bn in 2020.

vehicle re registration spain

Spanish economy 7th January 2021

Car Registrations Fell By 11.8% In France In December, While In Spain They Rose By 0.1%

The poor sales data in the main EU countries will eventually be reflected in production volumes, which we estimate in Q4’20 have evolved above the sales curve and will tend to adjust to the reality of the market. Even more so if we consider that the implementation of the new WLTP type-approval cycle as of January 1st will lead to an increase in the retail price of vehicles.

Spain tourism

Spanish economy 6th January 2021

Tourism In Spain Ends 2020 With Worst Figures In 25 Years

The latest data until October shows that Spain received 17.9 M international tourists in the first ten months of the year. Meanwhile, spending declined by 77.3%. On its part, Exceltur expected levels of tourism GDP and income from foreign tourism to fall by €106.16 Bn in 2020 down to €46.43Bn, equivalent to the levels of 1995.

ElisabethRiver Crossing pk

Ibex, Markets, Spanish economy 5th January 2021

Abertis’ Makes First Major Investment In The US With The Purchase Of Elizabeth River Crossings In Virginia

The consortium formed by Abertis and Manulife Investment Management, a institutional infrastructure investor, have acquired from Macquarie Infrastructure Partners II and Skanska a 100% stake in Elizabeth River Crossings , in Virginia (US). The deal was closed for a total equity amount of €1bn. Within the consortium Abertis will hold 55.2%.

IAG

Spanish economy 5th January 2021

IAG Makes Changes After Brexit, While British Airways Gets A 2.23 Bn Loan

Following the Brexit deal, IAG has had to implement plans to ensure ownership and control, guaranteeing the EU license of the various airlines. These include the creation of a national ownership structure for Aer Lingus and changes to the existing one in Spain. In addition, IAG is still exploring ways to improve its liquidity position. In this regard, British Airways has received commitments for a 5 year early repayment loan from UK Export Finance valued at £2bn. At the close of November 30, IAG had a liquidity position of £8bn, which did not include this loan from UKEF. 

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Spanish economy 4th January 2021

2021: Notable But Incomplete Recovery Of The Spanish Economy

CaixaBank Research (Oriol Carreras Baquer and Javier García Arenas | We expect growth in economic activity to pick up in Q2, when the most vulnerable people should have been immunised and international travel can recover more strongly, with growth in the Spanish economy reaching around 6.0% in 2021. While the pace of recovery is high, this would still leave the economy 6.2% below the pre-crisis GDP level. In fact, we do not expect the economy to return to pre-crisis levels until 2023.