The aviation group, a leading player in the industry, saw a significant surge of over 6% in its stock value, emerging as the top gainer in the Spanish stock market. Amidst the business landscape, the group behind the renowned airline Iberia, IAG, witnessed a remarkable rise in stock prices following the striking announcement to abandon … Read more
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An unprecedented legal battle is unfolding in the hotel industry as major players take a stand against unfair practices. Following a record-breaking fine of €413 million imposed by the National Commission on Markets and Competition (CNMC), a wave of legal action is set to hit the online booking giant at the center of the storm. … Read more
Spain’s economy experienced a growth rate of 2.9% year-on-year in the second quarter of 2023, indicating a positive trend in its economic performance. The increase was driven by a boost in external demand, with exports outpacing imports, showcasing a healthy trade balance. While household consumption and public spending saw slight dips in growth rates, investments … Read more
Electricity Price Variation Throughout the Day Today, households in Spain are experiencing fluctuating electricity prices based on the time of day. The average price for electricity stands at 168.49 euros per megawatt-hour (MWh) according to Red Eléctrica de España. Conversely, at the wholesale market (Pool), the average cost is 108.78 euros per MWh, as reported … Read more
One lucky individual in Spain woke up to a life-changing surprise this past weekend as they became the sole winner of the highly anticipated lottery draw. The excitement was palpable as the numbers were announced, culminating in a record-breaking payout for the fortunate ticket holder. The draw, which took place on Saturday, failed to produce … Read more
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Josep Oliu has recently demonstrated his commitment to Banco Sabadell by investing one million euros in the bank’s shares. Through his company Torrellimona, Oliu acquired 500,000 shares at a unit price of 2.05 euros, totaling an investment of 1.02 million euros. This move solidifies his dedication to the bank’s ongoing initiatives, amidst a looming takeover … Read more
The CEO of a Leading Company Encourages Making the Most of Challenges In a recent interview, the CEO of a prominent company emphasized the importance of turning crises into opportunities. Rather than focusing on expansion for the sake of size, the company aims to be the best in its industry. The CEO expressed a sense … Read more
Iberdrola, the energy multinational, has revolutionized the renewable energy market through groundbreaking investments. In a pivotal move, the company has increased its net profit to a staggering 4.134 billion euros in the first half of 2024, showcasing a remarkable 64% growth compared to the previous year. The gross operating profit (Ebitda) has also seen a … Read more