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EEUU industria

Uncategorised 12th September 2025

US industrial production prices surprise positively in August, rising 2.6%

Bankinter | Industrial production prices surprise positively after rising 2.6% in August (as opposed to the 3.3% expected versus 3.3% previous), with the underlying rate (excluding energy and food) at 2.8% (as opposed to the 3.5% expected versus 3.7% previous). Bankinter analysis team’s view: The impact of tariffs on prices and business margins seems limited, at least for now, although the most important data will be published today at 2:30…

Melia feliz 768x454 1

Companies, Uncategorised 1st August 2024

Meliã earns €36m in 2Q24, 7% more than in same quarter of 2023, compared to €40m expected by consensus

Bankinter: Results for the stock in 2Q24 have been slightly worse than expected, but maintains guidance for the year. Key figures: Sales +1% to €520M versus estimated €528M; EBITDA +1% to €142M versus estimated €144M; EBITDA +7% to €36M versus estimated €40M. Net Debt reduced to €892M in June 2024 from €1,197M in March, and its liquidity position improved to €392M versus €305M previously. The outlook for the company continues…

MOVISTAR

Spanish economy, Uncategorised 27th January 2022

Telefónica studies incorporating an industrial investor in Movistar+

Renta 4 | The management of Telefónica (TEF) is studying the incorporation of an industrial investor in its audiovisual affiliate Movistar+, according to El Economista newspaper. Telefónica launched Movistar+ almost 7 years ago after the sale of Canal+ to the Spanish telco. The platform has two of its own channels (Cero and Vamos# ), themed channels created after the purchase of rights like Movistar Liga, Deporte, Cine, Toros or Series, and some…

fluidra piscina

Ibex, Markets, Spanish economy, Uncategorised 31st March 2021

Fluidra Converts €130 M Syndicated Credit Line Into ‘Green’ Financing

Fluidra has signed an agreement to convert a 130 million euros syndicated credit line subscribed in 2018 into ‘green’ financing. BBVA acted as a sustainable coordinator for the process. So from now on, the conditions of this financing are subject to the company’s performance in environmental, social and governance (ESG) matters. This is the first sustainable financing formalised by a company in the sector and will be used to cover the firm’s working capital needs.

madrid stock exchange

Spanish economy, Uncategorised 12th January 2021

Value Or Growth Companies?

Ofelia Marín- Lozano | For some sectors there has not been a stock market crisis. However, others – banks, telecoms, oil,… – have in nine months gone from trading at 19x PER to trading at less than 5x. If everything returns to ‘normal,’ this does not seem sustainable. As a example, in Spain, for the price of the largest retailer (Inditex), we have the two largest banks (Santander and BBVA), the largest insurance company (Mapfre) or the largest oil company (Repsol).

MELIA CHINA lujo

Ibex, Markets, Spanish economy, Uncategorised 1st October 2020

Meliá Takes The Advantage Of The Chinese Tourism Recovery Opening Its Fifth Hotel In The Country

According to the China Tourism Academy, more than 90% of hotels and tourist attractions in the country have reopened along with around 60% of travel agencies after containing the pandemic. Against this backdrop, Meliá Hotels has resumed work on an expansion plan which aims to double its presence in China within two years, from 5 to 10 hotels in operation. The reactivation of the domestic market have encouraged the company to open an ultra-luxury urban resort in Chengdu this week.

Ibex35 screen

Uncategorised 21st July 2020

Listed Spanish Companies Will No Longer Need To Present Quarterly Results, But Just Half-Yearly

Bankinter | Spain has approved the transposition of the 2017 European directive to promote the long-term involvement of shareholders in listed companies. This will be implemented through a bill that will amend the Law on Corporations (if approved by Congress). On of the main amendments is that the obligation to present financial information in Q1 and Q3 is eliminated. Therefore, listed companies will only be required to present half-yearly results, not quarterly ones.

The effects of the crisis on Spanin's businesses' productivity and competitiveness remain

Uncategorised 20th July 2020

Default Rates May Triple To 12% This Year, says IMF

The International Monetary Fund warns that the number of SMEs companies facing bankruptcy could triple if there is not enough aid from governments to support the economic recovery after Covid 19. Italy would be at the forefront of the defaults. The organisation’s director, Kristalina Georgieva, thinks eliminating prematurely the aid granted by the States could mean a greater cost in the long-term than the one countries are currently facing with the programmes for reactivating the economies.

green digital

Uncategorised 27th June 2020

Cyclicals 2.0: Green And Digital

Geraldine Sundstrom (PIMCO) | Things are looking up, sort of. Economies are slowly reopening, and economic data show encouraging signs of life. While the uncertainty about secular trends and the more imminent post-pandemic recovery remains high, we see greater certainty that the recovery will be environmentally cleaner and digitally driven. Cyclical 2.0 is upon us.