EDP raises 2026 targets after strong start to year
Portugal’s biggest company lifted its 2026 guidance by about 5%, signalling stronger earnings visibility across its power, networks and renewables businesses.
BCP CEO plays down concerns over possible Fosun exit
BCP CEO Miguel Maya said he is not worried about a possible Fosun exit, arguing the Portuguese bank is in strong shape and can still attract investors.
CTT first-quarter profit falls 18% despite revenue growth
Portugal’s CTT posted a 17.6% drop in first-quarter net profit as storms and Middle East disruption outweighed strong revenue growth, highlighting pressure on operations.
Jerónimo Martins Q1 profit falls 7%
Jerónimo Martins posted a 6.8% drop in first-quarter profit despite higher sales, as cautious food spending and rising costs weighed on the Portuguese retailer.
EDP CEO says windfall tax on power profits is unjustified
EDP’s chief executive said a planned Portuguese windfall tax does not make sense for electricity, arguing the company’s first-quarter profit fell 12%.
Corticeira Amorim Q1 profit falls 6.5% on weaker demand
Portugal’s Corticeira Amorim reported a 6.5% drop in first-quarter profit as weaker customer demand and a stronger euro against the dollar weighed on sales.
Portugal to propose windfall tax on energy firms
Portugal will present a proposal to tax energy companies’ windfall profits, reviving a 2022-style measure as fuel prices rise again.
EDP Renováveis Q1 profit rises to €70 million
EDP Renováveis posted a 36% rise in first-quarter profit, helped by US capacity growth and lower costs, even as power sales and investment fell.
Start Campus in Sines to add 66,000 AI chips for Microsoft
Portugal’s Start Campus will receive more than 66,000 Nvidia AI chips from Nscale from late 2027, expanding computing capacity in a project tied to Microsoft.
TAP flags ex-CEO’s €5.9m claim as a contingency
TAP has listed former CEO Christine Ourmières-Widener’s €5.9 million claim for alleged unlawful dismissal as a contingency in its 2025 accounts, though it says an adverse outcome is unlikely.
Mitsui cuts CaetanoBus stake after €15m capital increase
Japan’s Mitsui did not join a €15 million capital increase at CaetanoBus, cutting its stake as the Portuguese bus maker restructures after major order cancellations.
US tariff threat adds pressure on Portugal’s auto sector
A planned rise in US tariffs on EU cars to 25% is adding to cost pressures for Portugal’s auto industry, which is already facing higher energy, logistics and raw-material costs.
Portugal’s public debt rose to 91% of GDP in Q1
Portugal’s Maastricht public debt rose to 91% of GDP in the first quarter, a key metric for EU budget rules and investors tracking the country’s fiscal position.
Air France-KLM to submit binding bid for stake in TAP
Air France-KLM said it will file a binding offer by early August for a minority stake in TAP, keeping pressure on Portugal’s airline privatisation process.
BPCE says Novo Banco deal marks long-term Portugal push
France’s BPCE said its €6.7 billion Novobanco acquisition reflects a long-term commitment to Portugal, expanding its local workforce to nearly 8,000.
BPCE completes Novobanco takeover for €6.7 billion
France’s BPCE has completed its purchase of Portugal’s Novobanco for €6.7 billion, finalising a major banking deal at a higher price than first estimated.
Proposed audit court change eases path for TAP sale
A government-backed legal change would remove TAP from prior audit court approval, addressing a key concern for bidders in Portugal’s airline privatisation.
Portugal unveils €22.6bn resilience and recovery plan
Portugal has launched a €22.6 billion nine-year resilience plan, combining public, private and EU funding to strengthen infrastructure, crisis response and economic preparedness.
Portugal targets €100m aid for energy-intensive industry
Portugal wants to raise aid for energy-intensive companies to €100 million this year, while prioritising refinery competitiveness and delaying new household solar support.
Porto leads Portugal’s prime home price growth
Porto’s prime residential prices rose 8.5% in 2025, outpacing Lisbon and Marbella, in a sign Portugal is still drawing wealthy international buyers.
France to present timetable for Iberia power links
France has invited Portugal and Spain to Paris in June to present a timetable for electricity interconnections, a step the Portuguese govt says could strengthen Iberia’s link to Europe’s power market.
EDPR to receive $200m in US offshore wind settlement
EDP Renováveis said its Ocean Winds venture has settled a dispute over US offshore wind leases, unlocking a $200 million refund tied to reinvestment in US energy projects.
US fund buys 16.38% stake in Benfica SAD
Entrepreneur Equity Partners will buy 16.38% of Benfica SAD from José António dos Santos, adding foreign capital to one of Portugal’s top football companies.
Galp targets Moeve deal signing by end of July
Galp expects to sign its downstream tie-up with Spain’s Moeve before August, as talks with Portugal’s government focus on fuel supply security.