pedro sanchez

A government opposed to employers and profits

Fernando González Urbaneja | This is nothing new. Placing successful entrepreneurs and corporate profits as targets of electoral political debate has been part of the agenda of more than a few political parties, especially the most extreme ones, both on the right and on the left. The novelty now in Spain is that the president of the government and of the socialist party is taking up this argument as one…


Ferrovial’s UK subsidiary Amey increased revenues by 22%

MADRID | The Spanish global infrastructure company Ferrovial has published its results for the first quarter of 2012. The firm said it obtained €192 million of earnings before interest, taxes, depreciation, and amortisation compared with €172 million in the first three months of last year, that is, a rise of 11.7%. In the first few months of 2012, Ferrovial’s main businesses improved, particularly revenues at its British division Amey, and international construction, mainly Budimex. Revenues amounted to…


Spanish banks’ return on average total assets unchanged from 2010

MADRID | In the sector’s consolidated income statement, the Spanish Banking association AEB reported on Wednesday a net interest income of €50.725 billion, which is an increase by almost 2% of the amount reached in 2010 and maintains profitability levels over average total assets (ATA) at 2.23%, with just a one hundredth less difference. All with an evolution of ATA by 2.7% higher than those managed in 2010. EAB admitted, though, that the…