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Spanish economy

electricity1

Spanish economy 22nd April 2021

The Rise In Gas (+200%) And CO2 (To 45 Euros Per Tonne) Is Pushing Up The Price Of Electricity In Europe

ASE Group | The rise in the price of CO2 emissions, up 36% so far this year to 45 euros per tonne (when a year ago it was around 15 euros per tonne) and in the price of gas, up 200%, is pushing up electricity prices across the continent, both current prices and those on the futures markets. Thus, for example, in Spain, the daily price of electricity on the wholesale market for the first 15 days of April stood at 58.13 €/MWh. This is 60% higher than at the end of March and also 60% above the average for the month of April in the last 5 years. If we compare it with April of last year, in the middle of the sanitary confinement, the price rises by 229%.

utilities brand value

Spanish economy 21st April 2021

Iberdrola, Naturgy And Endesa Among The 20 Utilities With The Highest Brand Value In The World

Iberdrola is the Spanish energy brand with the highest growth in brand value, with a 1.4% increase in brand value and remains the most valuable Spanish energy company in the world according to Brand Finance, the intangible valuation consultancy. Furthermore, Iberdrola is the only Spanish company in the sector’s top 10. It ranks 6th in the table and has a value of €4.38 Bn. The ranking is headed by China’s State Grid with €46.9 Bn.

RealMadridBarcelonaok

Spanish economy 20th April 2021

European Super League Football, Backed By JP Morgan, Against All The Rest

T.C. | Real Madrid, Barcelona, Atlético de Madrid, AC Milan, Arsenal, Chelsea, Inter Milan, Juventus, Liverpool, Manchester City, Manchester United and Tottenham Hotspur are 12 of the 15 teams that have decided to set up a European Super League, backed by JP Morgan, which is putting 3.25 billion on the table to move forward with a project that is clearly and openly opposed by FIFA and UEFA, which speaks of a “shameful and selfish project, driven solely by greed”, and which has threatened those who play in the Super League with “excommunication” – with not being able to play in their respective national teams.

S81IsacPeral

Spanish economy 20th April 2021

We Are Not Sinking. And If We Do Sink… We Have Submarines

T.C. | Next Thursday, 22 April, in Cartagena (Murcia), King Felipe VI will preside over the launch of the S-81 Isaac Peral, the first submarine built by Spain alone (until now the development costs were shared with other countries, with France in the case of the latest submarines), which will be sponsored by his daughter Leonor, Princess of Asturias and heir to the throne.

Acciona

Spanish economy 19th April 2021

How To Trade At A P/E Of 20 When Working Capital Is Negative

CdM | It is well known that in order to take a company public, it is advisable to hire a good press campaign, distribute some money among banks and underwriters, etc. But there are times when haste leads to a rush to force the machine and fall into ridicule. A Madrid business newspaper has published a report on the renewable energy companies expected to list on the Spanish stock exchange in the coming months, comparing the capital valuations of some with others that add capital and debt, which, to say the least, is misleading.

Bankinter

Spanish economy 16th April 2021

Bankinter And Its 20% “Super Dividend”: 1 Share of Línea Directa For Every Bank Share You Own

T.C. | Línea Directa Aseguradora (LDA) will finally be listed on the Spanish stock exchange on 29 April at a price of 1,317 euros per share, which means valuing the company at 1,434 million. Bankinter, the bank that owns the insurer, will hold 17.4% of the company and will give its shareholders one LDA share for each Bankinter share held on 28 April, the last day to take part in the operation.

poverty

Spanish economy 15th April 2021

65% Of Spaniards Fear Losing Their Job

T.C. | Almost half of Spaniards (43%) say they are in poor financial health, compared to 31% before Covid-19. Moreover, the number of respondents who assign a failed grade to their fellow citizens’ financial health, rating it below five out of ten, has almost doubled from 49% to 81%. This makes Spain the country with the worst perception amongst the eight that took part in the survey. It comes below Turkey and a long way behind the Netherlands, the country with the best score in this respect. These are some of the main conclusions drawn from the financial health survey conducted by ING’s TFI Consumer Research in eight European countries.

telefonica

Spanish economy 15th April 2021

O2 and Virgin Media Merger Puts £5.5 Billion In Telefónica’s Coffers

T.C. | The Competition and Markets Authority (CMA), the UK’s competition regulator, has provisionally cleared the merger of O2, Telefónica’s UK mobile subsidiary, and Virgin, the cable group controlled by US-based Liberty Global, into a company – 50% owned by the two partners – valued by the market at around 45 billion euros (more than £38 billion) and which will become, along with BT, the UK market leader. If BT has 46.3 million customers, the new company will have 46.5 million (32.6 million mobile, 5.3 million fixed broadband, 4.9 million fixed voice and 3.7 million pay TV).

labour market

Spanish economy 15th April 2021

The Government Proposes Reducing Labour Contracts To Three In Its Recovery Plan

According to the document of more than 200 pages in which the reforms and investments of the Plan that the President of the Government, Pedro Sánchez, presented to the Parliament on Wednesday, the three types of contract would be ‘stable’ for all activities, another ‘temporary’ for those that are of this nature and one ‘training’ for insertion, in particular, in the labour market.