Business summary for Spain and the United Kingdom «Euro Weekly News» – El Decano de Guadalajara

Dividend potential IAG could reinstate a dividend as early as this year, although no details will be provided at its annual shareholder meeting in Madrid on June 26.

The airline owns British Airways, Iberia, Aer Lingus and Vueling, and is currently hoping to persuade Brussels to approve its purchase of Air Europa.

IAG paid its last dividend in 2019, shortly before the pandemic grounded planes around the world and restricted all flights.

Most read in Euro Weekly News

Transforming a former brick factory The Hollywood theme park on the site of a former brick factory on the outskirts of Bedford could boost the economy by an estimated £50bn (€59.1bn).

Universal’s parks division, which acquired the 480-acre (194-hectare) site in December 2023, said the theme park would generate £35.1 billion (€41.5 billion) during construction and the first 20 years of operation.

In addition, the film studio said the project would contribute up to £14.1 billion (€16.6 billion) in tax to the Treasury over the same period.

Drivers look elsewhere Spain is Europe’s biggest carmaker after Germany, although 90 percent of the 2.45 million cars that left its factories in 2023 were destined for export.

Only 30 percent of the remaining 10 percent bought in Spain last year were made here, the Spanish automobile manufacturers’ association, Anfa, said.

The Moroccan-made Dacia Sandero was the best-selling car in Spain with 13,068 models sold in 2023, while the UK-made Toyota Corolla came in second with 10,197 cars.

The Seat Ibiza, whose sole production facility is located in Martorell, Barcelona, ​​came in third place, with 9,202 models sold.

See also  EY acquires Fabernovel to advise on digital transformation and sustainability

Online electrical retailer AO World’s profits rose in the wet winter to £34.3m (€40.5m) in the year to March 30, 2024.

This represents an increase of 186 per cent on the £12m (€14.18m) posted in 2023, partly due to continued sales of air fryers and increased demand for tumble dryers during the very wet UK winter.

TV sales also rose as people bought new models in preparation for this summer’s Euro 2024 tournament, AO World said.

Growth season Spain’s economy grew by 0.8 percent in the first quarter of 2024, instead of the expected 0.7 percent.

This was the best data since the second quarter of 2022, the National Institute of Statistics (INE) announced on June 25.

The National Institute of Statistics said the increase was mainly due to higher household spending, which rose by 0.4 percent. Imports rose by 2.2 percent in the first three months of 2023, but exports rose by 3.3 percent during the period and public administrative spending fell by 0.6 percent.

In the same vein, S&P Global’s latest Eurozone Economic Outlook for the third quarter said that “Spain, in particular, continues to outperform expectations.”

Stellantis takes on electric cars STELLANTIS, which owns the Vauxhall, Peugeot and Citroen brands, has called on the UK government to provide more help to electric vehicle (EV) manufacturers.

Maria Grazia Davino, managing director for the UK, said the company did not want to stop its operations in Britain, but warned that Stellantis could close its factories in Luton and Ellesmere Port unless there was greater demand for electric cars.

See also  Argentina and Brazil are the countries that use the most DeFi

The UK also needs to “loosen up” regulations, Davino said. “The demand is not coming. We hope that whatever government it is will respond to that.”

Thank you for taking the time to read this article. Remember to come back and visit Euro Weekly News for the latest local and international news and remember you can also follow us on Facebook and Instagram.

Leave a Reply

Your email address will not be published. Required fields are marked *