Intermoney | Aena (Hold TP 135 euros/share) yesterday published the traffic figures for its airports, which in November once again showed a recovery with respect to pre-pandemic levels. Last month, traffic dropped 27%, compared to a 31% and 40% fall in October and September, respectively. On the other hand, for the year to date, the decline is 58%, with 107 million passengers. By airports, Madrid Barajas and El Prat clocked…
Ibercaja Banco (BB+ e, BB+ p) intends to list on the Spanish stock exchange early next year, according to Expansión newspaper. Ibercaja posted Q3’21 results which showed net profit for the quarter amounted to €72mn, up from €55mn in Q2’21 and €42mn a year earlier. This translated into a RoE of 6.62% in Q3’21, up from 6.46% in the previous quarter and 4.79% a year ago. The absolute number of…
Iberinform | Who will drive the digitalisation of the Spanish economy? That is the question that the Map of Artificial Intelligence in Spain prepared by Iberinform, in collaboration with AI-Network and BigData Magazine, tries to answer. The result is a business and educational ecosystem made up of 209 key players that will have a multiplier effect on the digitisation of our business network. According to the results, 161 Spanish companies…
Up to six European countries have already announced that they will abandon the Digital Services Tax (DST) (known as the Google tax) after its failure to raise revenue. They have expressed their intention to eliminate this tax and transfer their tax policy to the new international project, led by the US, on which the Organisation for Economic Co-operation and Development (OECD) is already working. These countries will wait for the OECD’s new tax rules to be approved before eliminating their Google taxes.
Iberia’s withdrawal of the memorandum of understanding in which the airline anticipated the conditions that could be imposed by the European Commission to approve the operation, makes it practically impossible to get the go-ahead from Brussels. As José Hervás explains today in Capital Madrid: “In the last two weeks there has been a 180-degree turn in the negotiations between the airline Iberia, the IAG group and the European Commission regarding…
According to data from Red Eléctrica, this year wind power installations have already produced more than 56,000 GWh. The importance of this milestone is that wind has outperformed other sources on many occasions, but never before had it done so over the course of a year. Until now, nuclear has been the largest source of energy generation for electricity consumption in Spain. This year it has already produced 50,834 GWh.
Banco Sabadell | According to the press, ACS would be in talks with Atlantia over the possible acquisition of the stake they still do not own in Abertis. (Atlantia is ACS’ partner with a majority stake in Abertis; ACS has 40% net of minorities). In addition, the press reports mention that ACS chairman Florentino Pérez could leave his post in March 2022. Valuation: This news is of limited impact to the…
Last week, the European Commission gave the go-ahead for the first 10 billion euros of the recovery fund to reach Spain, pending approval from the other Member States. Today, Brussels has given the green light to the first of the six “Strategic Projects for Economic Recovery and Transformation” (PERTE) which Spain has presented, dedicated to the development of electric and connected vehicles. “This €3 billion Spanish plan will help to…
The Gecama project, which is located in several municipalities of Cuenca (Tébar, Cañada Juncosa, Atalaya de Cañavate and Honrubia), is being promoted by the Israeli company Enlight Renewable Energy. It will cover an area of 41 km2 and will include an almost 80-kilometre long network of paths.
Intermoney | ACS and OHLA, which are already present in the US market, are positioning themselves ahead of investments expected to be made by the state of New York in its main city. This is according to today’s Expansion newspaper. To this end, the state Governor has updated the Penn Station macro project which is now valued at between 6 and 7 billion dollars. And both of the Spanish contruction firms could bid…