Alphavalue / Divacons| The utility has been awarded the supply of electricity with guaranteed origin from renewable energy sources for Metro de Madrid for a total amount of around €395 million over the next five years. Specifically, the energy company has been awarded the five lots put up for grabs by the Community of Madrid for the high and low voltage supply points of the metro network for the period…
The interest rate paid on European deposits has risen to its highest level in 14 years, but is still well below the ECB deposit rate and with significant divergence by country. The shift from overnight deposits to time deposits and money markets continues. The ECB has also published the interest rates paid on bank deposits in the eurozone, with the rate paid on household term deposits rising by two tenths…
One of the biggest problems in understanding the employment and unemployment figures in Spain is that the new definitions and classifications used by the Ministry of Labour hide very different realities from those they preach. Thus, as the trade union USO explains “In November, 1,356,293 contracts were signed. Over the whole of 2023, more than 14 million. Of these, 41.47% were signed as permanent contracts in November, nearly 600,000, for…
Bankinter| The number of unemployed fell by 24,573 in November (after 36,936 in October). This increase was mainly due to the services sector, which accounted for a large part of the fall in unemployment. With these figures, the total number of unemployed stood at 2,734,831 people (down 0.9% monthly and 5.1% year-on-year), its lowest figure for a month of November since 2007. For its part, Social Security lost an average…
CdM| The Consumer Price Index cut its year-on-year rate by three tenths to 3.2% (compared to the 3.6% expected), thanks to lower fuel and package holiday prices, and a less pronounced rise in those of food, than that experienced a year earlier, Europa Press reported yesterday, according to data released by the National Statistics Institute (INE). On the other hand, electricity prices fell less than they did in November 2022….
Link Securities | Brookfield, BlackRock, Schroders and Masdar are competing for a 49% stake in Endesa’s renewables portfolio, in a deal that could be worth around €1.2 billion, as the total portfolio is valued at around €2.4 billion, according to today’s edition of Expansión newspaper. In the final stretch of the bidding for these assets are also the Danish fund AIP Management and the Thai state-owned oil company PTTEP. The…
Link Securities| The MásMóvil group and Mapfre (MAP) have signed an agreement to offer the telecommunications company’s customers a wide range of innovative insurance products, according to Expansión newspaper on Thursday. Thanks to this agreement, Mapfre will attract more than 15 million potential customers in Spain to whom it will offer its home, civil liability and commercial insurance products, which will soon be available to private customers, the self-employed and…
Link Securities | In a Significant Event it was reported that Cellnex Finance Company, S.A. (Unipersonal), a wholly-owned subsidiary of Cellnex (CLNX), has entered into a total return equity swap contract with a global financial institution, guaranteed by the company, in relation to Cellnex shares for a notional amount of €150,000,000 which, at current market prices, represents approximately 5,000,000 Cellnex shares, or approximately 0.7% of its share capital, maturing within…
Link Securities| OHLA will participate in the Temporary Joint Venture (TJV) in charge of the reconstruction of the Brno-Královo Pole railway station, located in the Czech Republic, for more than €120 million, through its subsidiary OHLA ZS, as reported on Monday by Europa Press. This is one of the main railway contracts awarded by the company this year in the country and includes railway superstructure and substructure, platforms, bridges, walls,…
Norges Bank has increased its stake in Unicaja’s capital to 7.47%. This was communicated this Monday to the Spanish Securities and Exchange Commission (CNMV) after increasing by more than two points from the 5.4% it previously held. Of this percentage, 4.261 points are held directly, while 3.21 are structured through financial derivatives. According to the same information, Norges now holds 2.654 million shares. Thus, Unicaja’s capital would be made up…