Spanish Economy News | The Corner .eu

Spanish economy

Spanish economy 7th March 2025

Spain receives 5.1 million international tourists in January, spending up almost 9%

CdM | In January, 5.1 million international tourists visited Spain, 6.1% more than in the same month last year, with total spending up 8.9% to €7.132 billion, according to data provided by the National Institute of Statistics (INE). The United Kingdom was the main country of residence, with 863,286 tourists and an increase of 3.6% compared to January 2024. 641,201 came from France (12.2% more) and 537,842 tourists from Germany…

Spanish economy 6th March 2025

Criteria and ‘la Caixa’ Foundation return to Catalonia seven years after the ‘procés’

CriteriaCaixa – the business holding of the Caixa Group, with stakes valued at €30 billion in a wide range of companies (Naturgy, Telefónica, ACS…) – and the ‘la Caixa’ Foundation have returned their headquarters to Catalonia almost seven and a half years after relocating to Palma. CaixaBank will remain in Valencia, where it moved during the same period. The Banking Foundation Caixa d’Estalvis i Pensions de Barcelona has agreed to…

Spanish economy 3rd March 2025

Spain had 3,927,346 unemployed at end 2024 (1.3 million more than officially ‘registered unemployed’)

José Luis Fernández Santillana, Director of the USO Studies Office | A job seeker is a person who registers with public employment services, either because they have lost their job and are looking for a new one (regardless of whether they are entitled to unemployment benefits), seeking their first job, or being employed (having a job) and looking for an improvement in their work situation (a broader or better-paid position),…

Spanish economy 28th February 2025

Inflation in Spain back up to 3%

The National Institute of Statistics (INE) published yesterday that, according to the preliminary reading of the data, the Consumer Price Index (CPI) in Spain rose by 0.4% in February compared to January. Year-on-year, the CPI in Spain increased by 3.0% in February (2.9% in January), a reading that was in line with expectations from the consensus of analysts at FactSet. This development is mainly due to the increase in electricity…

Spanish economy 28th February 2025

Iberdrola’s profit increases 17% to €5,612M in 2024 thanks to regulated network assets and tariff revisions

Bankinter | Results and guidance surprisingly positive. Dividends on the rise. Dividend yield 2025 4.90%. Key figures compared with consensus: total EBITDA €16,848M (up 17%) versus €16,243M est.; NBI €5,612M (up 17%) versus €5,550M estimated; adjusted NBI €5,530M up 15%. Funds generated by operations: €11,836 million (up 10%); Net Debt €51,700 million versus €47,914 million in December 2023. The dividend per share on 2024 results rises 15% to €0.6350/share. The…

Spanish economy 26th February 2025

Abu Dhabi royal family buys 67% of Cortefiel

The royal family of Abu Dhabi has reached an agreement to purchase 67.91% of Tendam, the company that owns chains such as Cortefiel, Springfield, Women’s Secret, and Pedro del Hierro from the CVC and PAI funds. The operation, which has been carried out through Multiply Group, means that both CVC and PAI will retain 32.09% of the capital after valuing the company at around €1.5 billion, below the €2 billion…

Spanish economy 26th February 2025

ING Group interested in acquiring Banco Sabadell if BBVA takeover bid not approved by Spanish competition authority

Alphavalue/ Divacons | ING Group considered the acquisition of Banco de Sabadell in 2024, with the aim of expanding its presence in Spain, a market that ING considers to be high-growth, according to what was published yesterday by El Confidencial, citeing sources close to the matter. According to the same article, the Dutch bank is awaiting the decision of the Spanish competition authority on the approval of BBVA’s takeover bid…

Spanish economy 21st February 2025

Iberdrola to supply Diamond Foundry with 100% renewable energy for manufacture of synthetic diamonds in Trujillo

Link Securities | Iberdrola (IBE) and Diamond Foundry have signed a contract whereby the energy company will be responsible for supplying the energy to the company for the synthetic diamond manufacturing process at the plant that has been commissioned in Trujillo (Cáceres), according to the Bolsamanía portal. The contract states that the supply will be 100% renewable and with a guarantee of origin issued by the National Commission for Markets…

Spanish economy 20th February 2025

Naturgy, €1.901 billion earnings in 2024, launching €2.4-billion voluntary takeover bid for 10% of capital to recover free float

Naturgy earned €1.901 billion in 2024, down from the €1.986 billion obtained in 2023. The company’s EBITDA was €5.365 billion, compared to €5.475 billion a year earlier, while investments for the year amounted to €2.280 billion (€2.747 billion in 2023) and net debt rose to €12.201 billion from €12.090 billion, with a debt/EBITDA ratio of 2.3 times. Naturgy has emphasized that these figures illustrate “the group’s ability to continue creating…

Spanish economy 19th February 2025

Spanish car production and exports fall by more than 27%

According to data from the Spanish Association of Automobile and Truck Manufacturers (Anfac), car production in Spain fell by 27.2% in January, reaching 168,076 units produced. Anfac states that the main causes of this sharp decline are the adjustments in work shifts made at production centers and their adaptation to the introduction of new electrified models, and it reminds that the drop in production occurs at “a critical moment for…

« 1 … 15 16 17 18 19 … 346 »