Business News & Financial News

Spanish economy 16th May 2024

Criteria and TAQA negotiate to share Naturgy’s capital in hypothetical joint control

Banco Sabadell : According to press reports, Criteria and TAQA are negotiating the distribution of power in a hypothetical joint control within Naturgy. The same sources indicate that this could lead to a balance in the capital (Criteria and TAQA with very similar stakes) although initially Criteria would only intend to slightly increase its 26.7%. We recall that other sources pointed out yesterday that the main issue to be resolved…

European economy 15th May 2024

Logista acquires remaining 30% stake in Dutch company Speedlink Worldwide Express

Link Securities | Europe’s leading logistics operator, announced yesterday that it has increased its stake in Dutch company Speedlink Worldwide Express, a specialist in express (time critical) deliveries to and from the Netherlands. The company announced in February 2022 the acquisition of 70% of Speedlink in a deal that saw Logista’s stake increase to 100%, a milestone it has reached through the purchase of the remaining 30%. Speedlink, based in…

World economy 16th May 2024

US inflation moderates to +3.4% year-on-year in April; core stands at +3.6%, three-year low

Banca March: US inflation is slowing down. The expected US CPI data came out in line with expectations and price growth moderated in April by one-tenth of a point to +3.4% year-on-year. In addition, the core rate – excluding the more volatile food and energy prices – also moderated by two tenths to +3.6%, its slowest growth rate in three years, supporting the view that inflation is gradually normalising. Turning…

“European funds are not reaching companies. There is total inefficiency”

Isabel Dutilh, director of Elecnor, Banco Alcalá and Millenium Real State explains in an interview with Mari Pinardo in the magazine Consejeros that “Europe has to have control of the funds and this requires a certain amount of bureaucracy, but in the end it is so much bureaucracy that it generates frustration and people give up applying for them”. Q – There are continuous and constant legislative changes, what do…

“Spain has a good energy plan but if things don’t change, it won’t be fulfilled”

“In banking funds, there are sales targets and conflicts of interest”

Fernando Rodríguez| “The big picture of Indexa is that we aspire to be the leading independent asset manager in Europe” says Ramón Blanco, founder and director of Indexa Capital Group Q- What is the equity story or investor proposition of Indexa’s shares?A- What is listed is Indexa Capital Group, and underneath it hang three operating companies: Indexa Capital – a broker-dealer, the French insurance broker Indexa Courrier d’assurance and the…

…in the last week