CGD considers increasing stake in Fidelidade
The state-owned bank sold the insurance company to China's Fosun in 2014 for €1 billion, but retained a 15% stake. It is now negotiating to strengthen its position, possibly through an IPO next year.
Tekever France already has 40 employees
Tekever now has an office in Toulouse. In addition to its factory in Cahors, it is looking for space to open a training and testing centre near the Atlantic coast. Factory in the UK to open this year.
PSI index targets 10,000 points with Fidelidade on the way
The Portuguese stock market is climbing 1,000 points in less than 100 sessions and is already pointing to the 10,000 mark. PSI may consolidate with the IPO of the insurance company Fidelidade.
Portugal already has two MBAs among the best in the world
For the first time, Portugal has two MBAs among the world's top 100, according to the Financial Times ranking. The Lisbon MBA is now joined by the International MBA from Porto Business School.
Portuguese Hypermetal targets project with Dassault Aviation
The Vila Nova de Gaia-based company's main source of revenue is aerospace, but this year it will focus on diversification, seeking to increase the defence sector's share of its results to 25%.
Opinion Releasing the handbrake on Europe’s growth
The changes must be impactful, not merely cosmetic. They must make a tangible difference in the day-to-day operations of our businesses and in the lives of our citizens.
Banks with €24.6 billion exposure to areas affected by storm
More than 2,000 companies have already resorted to guaranteed credit lines. Banks warn that non-repayable subsidies will be needed. Exposure to disaster areas amounts to €25 billion.
With Carnival lost due to storms, hotels hope to save Easter
Hotels in the regions most affected by storms are reporting damage and cancellations this month, but believe in a recovery at Easter. The sector is calling for rapid support on the ground.
Farmers affected by storms fear losing customers to imports
Large retailers want to "try to help domestic producers recover from this dramatic situation". Association says "what is happening in the fruit and vegetable and agricultural sectors is devastating".
Galp shares recover after sinking with agreement in Namibia
The return to the same prices is seen by analysts consulted by ECO/Capital Verde as a new way of looking at the agreement in Namibia, but also as a consequence of the negotiations with Moeve.
“We knew it was for Bad Bunny, so we kept it a secret”
The item is from Zara, but it was a factory in Santo Tirso, Portugal, that produced the jersey with the number 64 embroidered on it worn by Bad Bunny at the Super Bowl.
Interview Portugal “will no longer” lose EU funds for agriculture
Minister of Agriculture says he is not satisfied with the architecture of the next EU framework, although he acknowledges that there have been improvements.
Science4you raises up to €2 million to “play more” in the US
More than 50% of Science4you's sales are made online, with 80% of its turnover coming from international markets. The focus for growth is the United States.
Storm Kristin. Companies hold contracts but fear the future
Companies affected by the storms have been trying to meet demand by using generators and assistance from other factories, but fear difficulties in securing new orders.
Sonae closes sale of shopping mall in Brazil for €95 million
A 25.86% stake in Parque Dom Pedro Shopping, a shopping centre located in Campinas, in the state of São Paulo, was sold to two Brazilian real estate investment funds.
About 56,000 customers still without power due to storms
Leiria is the most affected district with 36,000, followed by Santarém with 8,000, Coimbra and Castelo Branco with 2,000 each, according to E-Redes.
Elections bring a win for stability, but fuel the right wing
Socialist António José Seguro says he will not be a counterweight to the centre-right government and promises to defend stability. André Ventura, president of Chega, claims leadership of the right.
Spanish banks earn €1.8 billion in Portugal
Santander, BPI, Bankinter and Abanca: the Spanish armada in Portuguese banking resisted the fall in interest rates and saw profits stabilise at €1.8 billion.
Diogo Mónica’s Anchorage Digital raises $100 million
The investment by US company Tether raises the valuation of the company founded by Portuguese entrepreneur Diogo Mónica to approximately €3.6 billion.
Trains halted due to floods, Tagus ferries halted
Fertagus commuter train services, which connect Lisbon and Setubal on the south bank of the river Tagus, were restricted in the early hours of the morning due to strong winds.
Government will have to open “entry route” for immigrants
The President of the Republic says that more workers are needed to meet the demands of the construction sector, advocating a special solution to allow immigrants to enter the country.
Costs of Storm Kristin to exceed four billion euros
Minister Castro Almeida acknowledged that "his words were unfortunate" when he said that victims of the disaster would have to survive on their January salaries while waiting for government support.
Interview “BNP Paribas views Portugal as a strategic pillar of growth”
Diogo Malato Moura, head of corporate and investment banking at BNP Paribas Portugal, explains the importance of technology and the 11 centres of excellence that the French group has in the country.
CFO leaves amid TAP privatisation
The Portuguese airline reports that Gonçalo Pires has resigned from his position and will be replaced by Renato Inácio, who currently serves as senior director of Corporate Finance and Risk.