El Economista | The share of sales of new plug-in vehicles (10.4%) exceeded that of diesels (10.3%) for the first time during the first half of 2024, although they only represent 1.4% of the vehicle fleet, according to the IV Report on electric mobility in Spain. Gasoline vehicles topped sales (40.6%), followed by hybrids (35.7%), in a ranking that also includes those running on alternative fuels (2.9%). The study, led…
Intermoney | The construction company (Comprar, PO 46 €), through its North American subsidiary Turner, has been awarded the contract for the renovation of San Francisco airport, which will involve an investment of €2.35 billion, according to Expansión newspaper. The work will focus on Terminal 3, extending the surface area of this facility by 200,000 square metres, while at the same time refurbishing a further 650,000 square metres and erecting…
Economía Digital | The price of housing was growing at 3.6% a year ago and has shot up to 7.8%. The lack of supply still means skyrocketing prices Although there are many factors behind a market as complex as the housing market, the truth is that the effects of the Housing Law passed a year ago by the Government are striking: only one year later the increase in market prices…
Alphavalue / Divacons | MasOrange, the telecommunications company resulting from the merger of Orange and Masmovil in Spain, announced a voluntary redundancy plan for a maximum of 795 workers, which represents 9.5% of the 8,400 employees that make up the company’s current workforce, according to an internal communiqué sent to employees. Yesterday, MasOrange agreed with the government to maintain the workforce, although it is a question of voluntary redundancies, and…
The National Statistics Institute (INE) published this Tuesday the preview of the results of the Statistical Review 2024 on the National Accounts, which has resulted in an increase of nominal GDP of €13,184 million in the reference year 2021, which means an increase of 1.1% over the level of the previous accounting base. This impact, the INE clarifies, is transferred to the years following the reference year, 2022 and 2023,…
Banco Santander has ‘returned’ to Formula One, but this time as Global Sponsor of the competition, thus interrupting its presence in the Ferrari team, which was so successful during its first sponsorship during the presidency of the late Emilio Botín. The entity now headed by Ana Botín is expanding its investment, becoming the company’s global sponsor and official bank. The international entity, based in Santander, announced this Wednesday the agreement…
Link Securities | AccionPlug, the alliance between Acciona and Plug Power, is promoting a green hydrogen production plant in the town of Arteixo, A Coruña, the newspaper Expansión reports in today’s edition. AccionPlug plans to invest €49 million to start up production, which will reach an annual average of around 3,000 tonnes of green hydrogen. The project also envisages the creation of 25 direct jobs when it comes into operation.
Bankinter | The company has announced that it will not hold its Investor Day. The date was scheduled for 10 October. The reason given is the negotiations with the Brookfield fund to launch a delisting takeover bid for the company’s shares. Analysis team’s opinion: This is news that in another situation would be negative. In the current situation the impact is minor, the only important thing now is whether the…
Non-financial companies, banks and the public sector increased their share ownership in the Spanish stock market at the end of 2023, with international investors continuing to control nearly half of its capitalization. This is reflected in the Report on the Ownership of Listed Spanish Shares published today by BME’s Research Department. As the report points out, public sector participation in the stock market reached its highest level (16.6%) in 1992,…
Singular Bank | According to the Bank of Spain, Spain’s current account balance showed a slight decline during the month of June, moderating its surplus to €5.02 billion, down from €5.56 billion in May. The current account balance in the first six months of the year recorded a surplus of €25.4 billion, an increase of 33% compared with the same period in 2023, according to data published by the Bank…