Ibex 35

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Técnicas Reunidas accepts a letter of intent for a $1,650 million contract in the Middle East

The project involves the engineering, procurement, construction and commissioning (EPC) of infrastructure for the reception, processing and export of gas, and accounts for 10 per cent of the company’s order book. Report by Renta 4 Técnicas Reunidas has announced that it has accepted a letter of intent for a contract toconstruct the onshore facilities of a gas plant in the Middle East. The project comprises the engineering, procurement, construction and…


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Ibex 35 falls by 0.18% after hitting new highs, whilst Europe loses momentum

Consejeros Editorial Team European stock markets closed mostly lower in a session marked by a rise in Spanish inflation, a slowdown in UK GDP and geopolitical uncertainty surrounding the Strait of Hormuz. The Spanish stock market closed with slight losses on Thursday following a volatile session. The Ibex 35 fell by 0.18% to 20,168.6 points, although it did at one point exceed 20,350 points and set a new intraday high….


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ArcelorMittal remains Morgan Stanley’s preferred way to invest in European reindustrialisation

Morgan Stanley analysis Alain Gabriel (Morgan Stanley analyst) reiterates that ArcelorMittal remains his preferred way to invest in European reindustrialisation, highlighting its base of approximately 30 million tonnes of shipments in Europe and its spare capacity, which provide it with scale and flexibility. He notes that fiscal support and an increasingly assertive industrial policy under the “Made in Europe” concept – including local content requirements in public procurement, greater supply…


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Ibex 35 closes virtually unchanged at 20,204 points, after coming close to new all-time highs

Consejeros Editorial Team The Ibex 35 closed virtually unchanged on Wednesday, down 0.05% to 20,204.4 points, having hit a new intraday high of 20,307.6 points during the session. The index briefly moved into positive territory following the release of US inflation figures, but lost momentum in the final stages of trading. So far this year, it has risen by 16.78%.Among the day’s top gainers was Solaria, up 2.75%, followed by…


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Ibex 35 hits new all-time high, rising 0.20% to close at 20,213 points

Consejeros Editorial Team The Spanish stock market once again set new all-time highs on Tuesday. The Ibex 35 rose by 0.20% to 20,213 points, in a session marked by strong oil prices and geopolitical uncertainty surrounding negotiations between the United States and Iran and shipping through the Strait of Hormuz. Brent crude stood at over $88 per barrel, particularly benefiting the energy sector. Among the stocks in the Spanish index,…


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Banco Santander launches share buyback programme worth €1,825 million

Report by Link Securities The Board of Directors of Banco Santander (SAN) has approved the implementation of a share buy-back programme for an amount equivalent to approximately 25 per cent of the group’s ordinary profit for the first half of 2026 (i.e. approximately €1.825 million). The relevant regulatory authorisation for the new programme has already been obtained and the programme will be carried out in accordance with the terms set…


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Ibex 35 closes flat and holds above 20,000 points in cautious session across Europe

Consejeros Editorial Team The Ibex 35 closed virtually flat on Monday, down 0.01% to 20,173 points, in a session marked by investor caution. The Spanish benchmark index thus held onto the 20,000-point mark, having reached recent highs last week. The trading day was influenced by developments in the geopolitical situation in the Middle East and, in particular, by uncertainty surrounding the Strait of Hormuz, which had a direct impact on…


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Indra’s Hispasat secures main contract for the IRIS2 space project, valued at over €1.6 billion

Link Securities Indra (IDR) has informed the Spanish National Securities Market Commission (CNMV) that the negotiation process by the SpaceRISE consortium has been concluded – comprising Eutelsat, Hispasat, S.A. (in which IDR holds an 89.68 per cent stake) and SES – with the European Commission and the European Space Agency to launch the IRIS2 constellation, as well as the plan for the development and deployment of the European secure satellite…


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Bankinter lowers target price for Técnicas Reunidas due to Middle East tensions but maintains ‘Buy’ rating

Bankinter analysis Técnicas Reunidas has reported positive H1 2026 results: Order Book €13,938m (up 7% year-on-year); Revenue €3,061m (up 12%); Underlying EBIT (excluding the provision of -€45m) €149m (up 24%); The EBIT margin stands at 4.4 per cent; net profit after tax €59 million; net cash flow: €344 million against €422 million in Q2 2025. In Q1 2026, the company made a provision of €45m for costs related to the…


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Ibex 35 closes on Friday at 20,176 points after rising 2% over week

Report by Singular Bank The main indices closed with widespread gains, buoyed by a US jobs report that was weaker than expected, which dampened expectations of further interest rate rises by the Federal Reserve. In Europe, the DAX led the gains with a 0.7 per cent rise, followed by the Euro Stoxx 50 (0.3 per cent), whilst the Ibex 35 gained a meagre 0.02 per cent on Friday but remains…