Spanish Business Reports and news covering Spain. We monitor
Business news for Spain 24 hours a day and hand pick the most interesting articles.
Spain's Telefonica's Profit Jumps By Nearly 60 Per Cent
14 Tuesday November 2006
The Spanish telecommunications giant Telefonica said Tuesday its profit rose 59.4 per cent to nearly 5.2 billion euros (6.7 billion dollars) in the first nine months of this year.
Spain's CMT proposes Telefonica fined 30 mln eur over Jazztel conflict
9 Thursday November 2006
Spain's telecoms regulator CMT has proposed that Telefonica SA be fined 30 mln eur for delaying services which permit Jazztel PLC to supply its clients with broadband internet, Expansion reported, without citing a source.
GAME to reign in Spain?
9 Thursday November 2006
High Street powerhouse GAME has confirmed it has opened almost 40 new stores in Spain this year, and up to 12 stores are targeted for Portugal – with much more to come.
Spain's BBVA closer to buying 10 pct of China's Citic Bank
8 Wednesday November 2006
Spain's Banco Bilbao Vizcaya Argentaria SA (BBVA) is completing negotiations about the purchase of up to 10 pct of Citic Bank, the South China Morning Post reported.
Spain's Iberdrola approaches Scottish Power-sources
8 Wednesday November 2006
Spanish utility Iberdrola (IBE.MC: Quote, Profile, Research) has approached Scottish Power Plc (SPW.L: Quote, Profile, Research) about a possible bid for Britain's fifth-largest energy supplier, sources close to the situation said on Wednesday.
Spain's Iberdrola gets US$1.6-billion contract in Qatar
3 Friday November 2006
berdrola Ingeneria, a division of Spain's electricity utility Iberdrola SA, has received a $1.6-billion (€1.25 billion) contract to build a combined-cycle plant in Qatar
Spain judge Garzon blocks 2.2 bln eur of funds after raid on BES, BNP
3 Friday November 2006
High court judge Baltasar Garzon has blocked accounts with a total of 2.2 bln eur after raiding the offices of Banco Espirito Santo, BNP Paribas, investment fund Cartera Meridional and insurer Cahispa yesterday, ABC reported citing judicial sources.
Medsea in € 120million spanish property development deal
31 Tuesday October 2006
Medsea Estates Group PLC, the leading Spanish-based estate agency, has just signed a four year contract with Residencial Argos Sol, S.I to market all the properties on a new €120million development in Murcia, Spain
Spain's Telefonica to invest $1 bln in Peru
25 Wednesday October 2006
Spain's Telefonica (TEF.MC: Quote, Profile, Research) will invest $1 billion in networks and infrastructure in Peru between 2006 and 2009
