The end of the confinement and the progressive reopening of the centers caused El Corte Inglà © s to achieve a positive ebitda of 64 million euros in the second quarter of the year. To these factors were also added the effects of online sales and all together allowed its turnover to be 2,817 million, […]
Tag: economy / companies
Iberdrola will double its renewable capacity in six years with 75,000 million in investments
Iberdrola accelerates in the ‘green race’ with the aim of doubling its power generation power through renewable energy in the next six years. The group that leads Ignacio Galán today presented an investment plan for 75,000 million euros aimed at achieving this goal. This figure implies going from investing 7,000 million a year in 2019 […]
Bankruptcies are primed with the hospitality industry: they grow 87% and it is already the sector most affected by the coronavirus
The return to ‘normality’ in the third quarter of the year brought with it a sharp increase in the number of bankruptcy proceedings in Spain. Only in the pandemic so far, a total of 1,740 companies they have declared themselves unable to cope with their debts and have started their bankruptcy process. The statistics published […]
Endesa earns 1,511 million as of September, 758% more, due to extraordinary items and lower provisions
Endesa obtained a net profit of 1,511 million euros in the first nine months of the year, which represents an increase of 758.5% compared to 176 million euros in the same period of the previous year, the company informed the National Securities Market Commission (CNMV). This difference in net income is mainly due to the […]
The Government approves the rescue of 475 million for Air Europa
 The Government has given the green light to the rescue of the airline Air Europa for a total of 475 million euros, as announced by the Minister Spokesman, Maria Jesus Montero, in the round after the Council of Ministers. The rescue will be carried out through the Government rescue fund for strategic companies managed […]
The profits of the world’s largest oil company fall 45% as uncertainty about oil demand grows
One year after its hitherto historic IPO, the largest oil company in the world, the Saudi Aramco, suffers the setbacks from the drastic drop in consumption of crude oil caused by the Covid-19 pandemic. Its net profits plummeted 44.6 percent in the third quarter of this year while the company continues to borrow to maintain […]
China suspends the debut of Grupo Ant, the largest exit in history
The IPO of the Chinese technology company Ant Group has been suspended this Tuesday after the Shanghai market announced the suspension of its part of the operation, which was to be the largest in history, after a meeting of regulators with executives of the firm and a change in the sector regulations. In a statement […]
Controversy with Amazon after asking the mayor of Paris not to buy on the platform: “It is the death of small businesses”
Amazon has always been seen as a competition for traditional physical commerce, even as an enemy, considering that monopolizes customers of physical stores. However, during the months of confinement, non-essential businesses that were unable to open their establishments and did not have their own online store, could, for example, sell on the Internet through platforms […]
Spain has already lost 50 million tourists until September and more than 55,000 million of spending
Spain received 87% fewer tourists in September than last year on the same dates. Specific, 1.1 million international tourists arrived, compared to the 8.8 million who visited us last year. This means that we have lost more than seven million travelers in that month alone. This means deepening even more the drop registered in previous […]
Ryanair loses 197 million in its first half from April to September due to the coronavirus pandemic
The Irish low-cost airline Ryanair posted a net loss of 197 million euros in the first fiscal half (April-September), after keeping 99% of its planes grounded for four months due to the coronavirus pandemic . In a statement sent to the London Stock Exchange, the company highlighted that the health crisis caused a 78% drop […]
