BancaMarch | On the first day of the week, the Brent benchmark rose 2.7% to $75.1/barrel in light of the cartel’s announcement to delay the increase in production for the second consecutive month. For its part, the yellow metal remained unchanged on the eve of the US elections. With a cumulative increase of 32.7% in the year, gold is positioned as one of the main winners in the midst of…
Banc Sabadell : The Securities and Exchange Commission (American stock market regulator) reportedly concluded its investigation into Grifols (GRF) on 1 October, accepting the company’s explanations and without announcing any sanctions or the opening of any proceedings. We recall that the SEC began its investigation at the beginning of the year as a result of Gotham City Research’s accusations and, among other things, had asked GRF for ‘an accounting analysis…
Bankinter | Brent is up 1.8% to near $75/b following OPEC’s decision this weekend to delay the expected oil production increase for December by another month. For reference, it is currently cutting 5.86 million barrels of oil per day (bpd), which corresponds to about 5.7% of world oil demand. Within the aforementioned cuts, 3.66M bpd will be extended until the end of 2025 and the remaining 2.2M bpd will be…
Intermoney | ACS (ACS) (Buy, PO 48 ), through Turner, its main subsidiary in the United States, has won a new contract to build a data centre campus in New Albany (Ohio) commissioned by Vantage, owned by the Silver Lake fund. The €1.85 billion project will involve the construction of three new buildings with a combined capacity of 192 megawatts (MW). It is the technology giant’s first asset in the…
Bankinter | The EU confirms the imposition of tariffs of up to 45% on imports of electric vehicles from China. The proposal was approved at the beginning of October with the favourable vote of 10 members (France and Italy, among them), the opposition of 5 (Germany being the most notable) and the abstention of 12 (Spain, for example). This decision allows the European Commission to implement the tariffs for a…
Renta 4 | According to press reports, Grenergy has signed an agreement with the Chinese supplier CATL for the supply of 1.25 GWh of battery storage, thus covering Phase 4 of the Oasis Atacama project (out of a total of 1.25 GWh). Assessment: Positive news. Currently, Grenergy only has BYD as its exclusive battery supplier (Phases 1, 2 and 3 of Oasis Atacama). The introduction of new suppliers should increase…
Norbolsa | The US Army Corps of Engineers has awarded ACS (ACS) a €610 million contract to rebuild the Howard A. Hanson Dam in Washington state, improving habitat and increasing water storage. This project is in addition to other ACS contracts with the US Army, such as the €2.7 billion renovation of Dry Dock 3 in Pearl Harbor, Hawaii.
Link Securities | The consortium formed by Sacyr (SCYR), Acciona (ANA) and CAF have managed to get the Multilateral Bank and Empresa Metro de Bogotá to disqualify two of the three Chinese consortia bidding for the the contract for the project of the construction and operation of the second line of the Metro de Bogotá (Colombia), the largest project in Latin America by investment budget, about €6,500 million, according to…
Alphavalue / Divacons | The Spanish fashion company launches Zara ‘Pre Owned’, the brand’s second-hand, garment repair and donation platform, in the United States, the first market outside Europe where it is launching this initiative, company sources told Europa Press. Thus, it joins the 16 European markets where it already offers repair, donation and sale between individuals: Germany, Austria, Belgium, Croatia, Slovakia, Slovenia, Spain, Finland, France, Greece, Ireland, Italy, Luxembourg,…
Banca March : In the United States, second-hand home sales fell to a 14-year low in September. With a 1% monthly decline, the US housing figures disappointed the market, which had expected a 0.5% rise. On an annualised basis, units sold came in at 3.84 million, slightly below the 3.88 million expected. This bad moment for the sector is explained, among other things, by the fact that buyers are opting…