Just a year ago Amadeus was left just outside the EuroStoxx50, the main stock market index in the Eurozone. But this year´s revision has guaranteed, at last, its entry, which will take effect on 24 September. Amadeus will join other Spanish companies which form part of the index such as Santander, BBVA, Iberdrola, Telefonica and Inditex.
MADRID | By Jaime Santisteban | European Banking Association and the Bank of Spain agreed to take into account borrowers’ non-property guarantees to assess the situation of Spanish entities in the upcoming stress tests. Bankinter analysts believe that “such guarantees, which are usually pledging of assets like deposits, shares and/or by consignatures, mean a certainty of collection for banks.” Also, Amadeus has been one of the most attractive values in the Spanish Ibex 35.
MADRID | By Jaime Santisteban | Time for EU peripherals’ sovereign debt auctions: Spain, Italy, Ireland and most importantly, Greece, which is back on the market after 4 years. Note that the successful Greek sale pushed down the yields of its neighbors. Besides, Qatar’s sovereign wealth fund has become shareholder of Colonial, following the steps of big finance firms like Fidelity that recently renewed their bet for Spanish listed companies and volatile real estate. Colonial rose by 14.3 % at the closing bell.
MADRID | In the second quarter, Amadeus said, adjusted profit increased by 5.4%, to €173.4 million, total revenues rose 7.4% to €800.1 million.
MADRID | Thalys will be available alongside airlines on selected routes in the Amadeus neutral booking display for travel agents and corporate bookers.
MADRID | More airlines are expanding their selling extra services added to travel tickets, with almost twice more companies now using IT solutions to increase offers than five years ago.
MADRID | Trenitalia, the transport division of the Italian FS Group, and travel technology firm Amadeus, which is a transaction processor for the global travel and tourism industry, announced this week their partnership. Trenitalia will distribute its content through all Amadeus channels. In Thursday's investor notes, financial analysts in Madrid welcomed the business agreement as good news for the Spanish company. Amadeus' bet is that high speed train will be…