A head start in Spanish equities (25/6/24) Hotels Pensions Working hours TLGO ROVI CAF FAE IDR Banks ANA Taxes Ibex

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Stories ranked by order of importance

Hotels?(=) May hotel night stays rise 11.1% YoY with ADR +9.16% and RevPAR +15.57% (National Statistics Institute)

Pensions? (=) The Government sends letters encouraging workers to postpone their retirement in return for up to 4% more per additional year worked (Expansion p22)

Working hours??(=) The ministry of Labour prepares a reduction in working hours without counting with the involvement of the Employers’ Federation (El Economista p27)

Talgo??(=) Magyar Vagon says that a possible entry of the Sepi state holding company into the shareholding of Talgo will not solve the latter’s industrial problem (Cinco Días p4)

Rovi?(=) Expects to earn €300m with its schizophrenia treatment drug (Expansion p10)

(=) Expects a 10% reduction in revenues this year (El Economista p21)

CAF? (+/=) Awarded a contract to supply 88 electric busses to Sweden for €50m (Expansion p8)

Faes?(=) Expands from €150m to €200m the investment in its new factory in order to double capacity (Cinco Dias p9)

Indra?(=) Will decide this Thursday whether to buy the partly government owned Hispasat and Hisdesat companies (El Economista p6)

Banks (=) 12-month interbank falls to 3.58% from the June highs of 3.72%, with a June average so far of 3.668% (Expansion p16)

Acciona?? (+/=) Bids for a €1.5bn motorway in Saudi Arabia (Expansion p8)

Taxes?(=) The Government designs a gradual withdrawal of the reductions in VAT on food (Cinco Dias p22)

Ibex?(+) The Ibex index rises 1.27% to 11,172 in the start of a week that will be influenced by the first round of the French parliamentary elections (Expansion p17)

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