Spain

BBVA Receives Green Light to Launch Cryptocurrency Services for Retail Customers in Spain

21 days ago

In a significant move for the Spanish banking sector, BBVA, one of the country's largest financial institutions, has secured regulatory approval to provide cryptocurrency services to its retail clients. This decision marks a pivotal shift for traditional banks in Spain as they increasingly adapt to the growing popularity of digital assets.

Telefónica Reports Steady Growth Amid Improving Spanish Market Conditions

1 month ago

Telefónica, one of the leading telecommunications companies in Spain and globally, has announced its latest financial results, which are in line with market expectations. The company’s performance is buoyed by a recovering Spanish market, which is contributing positively to its overall outlook. Analysts had projected modest growth for the company, and the results have confirmed a continuation of this trend.

Spain's Defense Leader Set to Unveil Ambitious Investment Plans to the Market

1 month ago

In a significant move that could reshape the financial landscape of Spain's defense sector, Spanish defense giant Indra is gearing up to present its strategic roadmap to investors. This announcement is highly anticipated as it promises insights into the company's plans for growth and expansion in an increasingly competitive industry.

Hotelbeds Owner Sees Shares Dip Following $748 Million IPO in Spain

1 month ago

In a notable market development, shares of Hotelbeds’ parent company, HBX, experienced a decline shortly after launching an initial public offering (IPO) that raised approximately $748 million. The IPO, which took place in Spain, attracted significant attention but faced a lukewarm reception from investors, resulting in a drop in share prices on its first trading day.

Hotelbeds Parent Company HBX's $750 Million IPO in Spain Sees Rapid Sell-Out

2 months ago

In a remarkable display of investor enthusiasm, the parent company of Hotelbeds, HBX, successfully completed a $750 million initial public offering (IPO) in Spain, with the entire offering sold out within mere hours. This swift sell-out underscores growing confidence in the travel and hospitality sectors as markets rebound from the pandemic's lasting impact.

Spain Appoints Indra Investor as New Chairman, Replacing Party Loyalist

2 months ago

In a strategic move aimed at revitalizing governance and enhancing corporate oversight, the Spanish government has appointed a prominent investor in Indra, a leading technology company, as the new chairman. This decision comes after the ousting of the previous chairman, a figure known for his deep ties to the ruling political party.

HBX Group Set to Launch Initial Public Offering in Spain as Soon as Next Week

3 months ago

In an exciting development for the Spanish financial landscape, HBX Group is reportedly gearing up to initiate its initial public offering (IPO) process as early as next week. This marks a significant moment for the company, which has gained traction within the investment sector and is looking to attract more capital by going public.

Spain's Controversial Windfall Tax on Energy Companies Repealed in Parliament

3 months ago

In a surprising turn of events, the Spanish parliament has voted to repeal the windfall tax imposed on energy companies. The decision comes after intense debate and scrutiny surrounding the financial burden placed on these firms amid soaring energy prices. This rollout of the tax had been designed to assist in funding measures to combat rising energy costs for consumers, especially in light of the ongoing energy crisis exacerbated by geopolitical tensions.

TickTok Expands E-Commerce Horizons: TikTok Shop Launches in Spain

4 months ago

In a significant move aimed at expanding its e-commerce footprint in Europe, TikTok has officially launched its shopping feature, TikTok Shop, in Spain. This rollout marks the platform's entry into the European market, highlighting its strategy to tap into the booming online retail sector and leverage its massive user base.

Glovo Transforms Food Delivery Workforce: Drivers to Become Full-Time Employees

4 months ago

In a landmark decision, Glovo, the Spanish food delivery giant, has announced that its delivery drivers will transition from freelance roles to full-time employment contracts. This significant shift is set to impact thousands of workers in the burgeoning gig economy, aiming to improve job security and benefits for those who play a critical role in the company's operations.