A head start in Spanish equities (22/11/24) GRF Banks Taxes Working hours Utilities COL OLE Hotels Ibex

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Stories ranked by order of importance

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Grifols??(+/=) Brookfield opens the door to a slight improvement in its bid depending on the results of the additional due diligence (Expansion p3)

Banks?? (-/=) The three large banks will pay c.80% of the extended tax on banks due to the application of a sliding scale (1-7%) depending on the volume of revenues (Expansion p17)

Taxes(-/+) The Treasury saves at the last minute the tax reform proposal with an uncertain future tax on energy companies and a toughening of the tax on banks but without the tax increases in diesel fuel, private insurance and Socmi (REIT) (Expansion p26)

(=) According to OECD data tax pressure in Spain rose more in the last five years than in the previous decade (Expansion p29)

(=) Tax pressure falls more in Spain than in the average of the OECD (Cinco Días p20)

Working hours??(-/=) The Minister for Labour breaks off negotiations with the Employers over the working week and sees a potential agreement with the unions (Expansion p30)

Utilities?(=) The battle between regional governments over data centres creates tensions in the electricity system (Expansion p4-5)

(=) The energy sector companies will fight the tax on the sector even if it is a light tax (Expansion p8)

Colonial? (-/=) The Santo Domingo family will place with investors its 5% stake (Expansion p10)

Deoleo??(=) Italy claims €90m in customs duties due to edible oil imports (Expansion p11)

Hotels??(+/=) The Barcelona mayor replies to Airbnb that the decision to end all tourist rentals is firm (Cinco Dias p6)

Ibex??(=) The Ibex index rises 0.19% to 11,611, with the market evading the impact on tech companies (Expansion p22)