Carrefour makes £221m half-year loss
Europe’s biggest retailer warned that “increasingly challenging” economic conditions across Europe will drag its profits down by 15% this year. Carrefour, the world’s second-biggest More...
Spanish Government Signs Pension Reform
The Eurozone economy expanded 0.3% in the third quarter after growing 1% in the second quarter. Leading economic indicators suggest that growth may have accelerated in the fourth quarter of 2010. The International More...
ELECTRICITY PRICE PROTESTS
More than 30,000 people have signed an electronic petition brought together by the consumer association FACAU, to complain to the Spanish government about the disproportionate rise in the cost of domestic electricity More...
SMOKING – BUSINESSES REPORTED
In this early period of the change in the law relating to smoking in public places which came into force on 2nd January, and following direct complaints from members of the public, the consumer association FACUA More...
Egypt, Spain Agree Navigation Line to Boost Trade
Egypt and Spain agreed to study the establishment of a navigation line between Alexandria and Spain’s Barcelona to facilitate the trade movement between the two countries, said Trade and Industry Minister More...
Branson slams EU Commission over tie-up
The founder of Virgin Group, Richard Branson, has slammed the European Commission´s handling of a proposed tie-up between British Airways and American Airlines in an interview published on Monday. British Airways, More...
Spain’s Ferrovial to build new Heathrow terminal
Spanish builder Ferrovial, which owns British airports operator BAA, said Friday it signed a contract to build a new terminal at London´s Heathrow airport together with Britain´s Laing O´Rourke for 812 million More...
BAA losses reach £822 million on Gatwick sale
BAA, the airport operator that owns Heathrow and Stansted, fell deeper into the red today after it was forced to take a £665 million charge on the sale of Gatwick and the cost of servicing its pension deficit. The More...
Approval of reform of the Retail Trade Regulation Act
The new regulation originates from the principle of company freedom and its purpose is to facilitate the free establishment of trade distribution services. The application of this regulation will mean greater liberalisation More...
Turkey-Spain governmental meeting to discuss several issues
Turkey and Spain are getting ready to discuss a wide range of issues from bilateral relations and Cyprus issue to talks over Iran´s nuclear programme, in the upcoming governmental meeting on February 21-22. Spanish More...
Pain in Spain could fall on British companies
Britain´s exposure to the financial turmoil sweeping through southern European economies could be far greater than previously thought, according to data seen by the Guardian. Despite relief that Britain´s decision More...
Spain and Britain – a strong relationship
Speech delivered by Lord Davies, Minister of State for Trade, Investment and Small Business, at the Expansión Business Breakfast I am delighted to be visiting Spain and may I start by thanking my hosts for the More...
Minister for Europe opens UK-Spain business roundtable
Minister for Europe Chris Bryant delivered the opening speech at the European Government and Business Roundtable 2010, hosted by the British Chamber of Commerce in Spain. Business leaders from the UK and Spain attended More...
Spain gas consumption fell 10.5 pct in ’09-Sedigas
Gas consumption in import-dependent Spain in 2009 fell by 10.5 percent from the year before to 34.5 billion cubic metres due mainly to the recession, industry association Sedigas said on Wednesday. “The rise More...
Renault to shut down production in Spain
French carmaker Renault is planning to shut down production of its Clio model in Spain and Slovenia but the car will still be made in France, a company executive said Wednesday. Renault has come under heavy pressure More...
Spain companies up for sale in 2010; Price? 1 euro
Foreign funds will be the buyers of debt-strapped Spanish businesses putting up “for sale” signs in 2010, many for the symbolic price of 1 euro, the director of a niche investment bank said. As the world More...
Leather industry sees growth in Spain
With major export markets showing subdued recovery, India’s leather industry is looking at Spain to enhance their overseas sales. Council for leather exports (CLE), the apex body for development of Indian leather More...
Ecuador begins legal actions against Air Comet; thousands still stranded
Air Comet belonging to the Spanish tourism group Marsans had its operating licence suspended at the beginning of the week by the Spanish government after the company ceased activities and cancelled scheduled flights More...
Goldman May Move 20% of UK Staff to Spain
Goldman Sachs (GS) has threatened the UK Treasury with plans to move up to 20 per cent of its London-based staff to Spain in a standoff over tax and bonuses. It´s believed that the Wall Street investment bank, More...
Spain’s Biggest TV Stations Hold Merger Talks, Shares Soar
Antena 3 de Television SA, Gestevision Telecinco SA, owners of Spain’s biggest private television broadcasters, said today they’re in talks to merge with smaller rivals, sending their shares soaring. Antena More...
