Spanish Economy News | The Corner .eu

Spanish economy

Spanish economy 3rd July 2025

Spain welcomes 9.4 million international tourists in May, 1.5% more than in same month last year

CdM | Spain received 9.4 million international tourists in May, 1.5% more than in the same month last year, whose total expenditure reached €12.254 billion, an increase of 4.9%, according to data published by the National Statistics Institute (INE). The United Kingdom was the main country of residence, with almost 2.1 million tourists and an increase of 7.3% compared to May 2024. France accounted for 1.2 million (down 6.7%) and…

Spanish economy 2nd July 2025

Banco Santander agrees with Sabadell to purchase TSB for €3.1 billion, €470 million synergies expected

Renta 4 | Banco Santander (SAN) has reached an agreement with Banco Sabadell for the purchase of TSB. The payment will be made entirely in cash for an amount of £2.65 billion (cclose to €3.1 billion versus €2.5 billion R4 estimate). They estimate that cost synergies of >£400 million will be achieved by 2028 (c.€470 million), representing 13% of the combined cost base of both banks in 2024. To this…

Spanish economy 1st July 2025

BBVA Maintains Hostile Takeover Bid for Sabadell, Which Must Decide on TSB Sale

Carlos Torres’s BBVA has announced that it is pressing ahead, come hell or high water, with its hostile takeover bid for Banco Sabadell. The bank sent a note to the National Securities Market Commission (CNMV) reiterating its firm intention to acquire the Barcelona-based bank, despite the latter’s board of directors meeting this Tuesday to analyze an offer from Banco Santander to acquire its British subsidiary, TSB, for just under €2.7…

Spanish economy 29th June 2025

Repsol sells 24% stake in Corridor block in Indonesia to Medco Energi for $425 million, adding $70 million to 2025 profits

Link Securities | The Spanish oil company informed the National Securities Market Commission (CNMV) that it has reached an agreement to sell its 24% stake in the Corridor block in Indonesia, where it is not the operator, to Medco Energi for $425 million. This transaction is part of Repsol’s asset rotation strategy to optimise its upstream portfolio and focus its efforts on assets that offer high profitability and cash generation….

Spanish economy 26th June 2025

Laboratorios Rovi: FDA approves Moderna vaccine for RSV in adults aged 18 to 59

Renta 4 | The FDA has given the green light to expand the use of Moderna’s vaccine for the treatment of RSV, the virus that causes bronchiolitis, in adults aged 18 to 59. This vaccine has already been approved by both the EMA and the FDA for use in adults over 60, as well as in the United Kingdom, Australia and Taiwan. Given Rovi’s agreement with the US pharmaceutical company,…

Spanish economy 26th June 2025

Spain’s trade deficit falls by 16.6% year-on-year in April thanks to decline in energy deficit

Link Securities | Spain’s trade deficit fell by 16.6% year-on-year in April to €3.8824 billion, driven by the decline in the energy deficit, according to figures published yesterday by the Ministry of Economy, Trade and Business. Spanish exports in April reached €32.51 billion, the second highest figure for the month of April. This represents a 2.2% year-on-year growth in exports in April, after adjusting for the calendar effect (which was…

Spanish economy 24th June 2025

Indra falls almost 3% on stock market after Spain and NATO agree to defence spending of 2.1% GDP

Alphavalue/DIVACONS | Shares in the Spanish IT services and consulting company fell by 2.93% on Monday following the agreement reached between the Spanish government and NATO. This agreement exempts Spain from spending 5% of GDP on defence in exchange for meeting certain ‘capacity targets’ over the next four years. Specifically, Spain will spend 2.1% of GDP (compared to the current 2%, recently increased in April). Last week, Indra had already…

Spanish economy 23rd June 2025

Home sales in Spain rise 2.3% in April to 54,318 transactions, highest April figure since 2008

Link Securities | According to figures released by the National Statistics Institute (INE) and published by Expansión newspaper, the number of home sales rebounded in April by 2.3% year-on-year to 54,318 transactions, the highest figure for this month since 2008. Home sales have now risen year-on-year for ten consecutive months. The year-on-year increase in home sales in April was due to both the upturn in transactions involving new flats, which…

Spanish economy 22nd June 2025

Textile sector suffering: sales barely grow 0.17% in 2024

Bankinter | Sales in the textile sector in Spain stagnated in 2024 and 2025 is not expected to be ‘the year of recovery’. They grew by 0.17% to €11.04 billion, according to Acotex, the textile trade association. It forecasts heavy summer sales due to excess inventories, which will boost sales, but the end of the year faces high uncertainty. Analysis team’s view: Spending on clothing and discretionary consumption in general…

Spanish economy 20th June 2025

If Banco Sabadell sells TSB for around €2 billion, BBVA could cut takeover bid by up to 15%

Link Securities | BBVA could reduce its takeover bid for Banco Sabadell by up to 15% (between €1.6 billion and €2.3 billion, according to sources consulted) if the Catalan bank sells TSB for around €2 billion, according to today’s edition of the newspaper Expansión. The newspaper notes that the market believes that the sale of TSB is Sabadell’s last chance to halt the takeover bid, as it is taken for…

« 1 2 3 4 5 6 … 342 »