A head start in Spanish equities (13/3/25) ITX BBVA SAB TEF Tariffs Retail sales Real Estate ANEA Banks Defence spending Employment Ibex
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Stories ranked by order of importance
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Inditex (-/=) 2024 net profit €5.866bn +9% on revenues of €38.632bn +7.5% (+10.5% on constant currency), with 2025 initial sales showing 4% growth and the share price reacting with a 7.5% decline (Expansion p3)
BBVA-Sabadell?(-/=) The Foment del Treball Catalan employers’ association sues against the Competition Authority (CNMC) due to its exclusion from participation in the review of the proposed merger between BBVA and Sabadell (Expansion p18)
(-/=) BBVA would have to record a €1.3bn loss on the purchase of Sabadell due to the difference between the price offered and book value (OK Diario)
Telefonica?(-/=) The chairman explores the entry of new partners in Moistar+ and the entry into the FTA TV sector (Vozpopuli)
Tariffs??(-/=) The EU responds to the Trum trade war with tariffs worth €26bn (Expansion p26)
Retail sales??(=) January retail sales show 2.2% YoY growth (adjusted for working days and seasonality) (National Statistics Institute)
Real Estate?? (-/=) The rental limits in Catalonia destroy one fourth of the housing offer in one year (El Economista p24)
Aena? (+/=) Growth in traffic in the first two months of the year of 5% (Expansion p6)
Banks??? (+/=) The ICO government owned development bank proposes to take on half the risk of bank loans to housing developers (El Economista p8)
Defence spending? (=) PM Sanchez says Spain is prepared to comply with the 2% of GDP defence spending goal (Expansion p29)
Employment (=) Three out of four unemployed workers collect unemployment compensation due to the improvement of the labour market (Cinco Dias P19)
Ibex?? (-) The Ibex index falls 0.57% to 12,804, with the fall of Inditex weighing on the index (Expansion p22)
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