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VINCI is the leading global player in construction, concessions, and related services, with sales primarily from design and construction (44.1%), energy and telecoms infrastructure (38.1%), and outsourced infrastructure management (16.2%). Geographically, the company generates 42.2% of its sales in France, followed by the UK (9.4%), Germany (7.8%), and other regions, including North America and Latin America.
Banco Santander will close 95 branches in the UK and put around 750 jobs at risk as part of efforts to enhance performance. The UK unit has faced challenges, prompting the bank to consider shifting resources to more profitable areas, particularly in the US and Latin America. Chairman Ana Botin indicated that divesting assets is not currently necessary.
Santander plans to close 95 branches across the UK, reducing its total to 349, due to a significant shift towards digital banking. The bank will deploy 95 community bankers to support local areas, while about 750 staff face redundancy. Critics argue that these closures may disadvantage rural customers, although Santander will continue to open "work cafés" for banking services.
The European real estate market is evolving in response to economic shifts, driven by five key factors: debt, deglobalization, demographics, decarbonization, and digitalization. The demand for logistics facilities has surged due to e-commerce growth, with investible logistics stock in major markets increasing from under 200 million square meters in 2012 to over 380 million today, leading to significant rent hikes. Investors are encouraged to adapt their strategies to capitalize on emerging opportunities in sectors like life sciences, residential housing, and energy-efficient buildings.
Santander UK is set to close several branches, putting approximately 750 jobs at risk. The banking group, Spain's largest, operates in commercial banking, investment banking, and asset management, managing over EUR 1 trillion in deposits and credits through a global network of 8,011 branches.
Santander UK announced that approximately 750 employees may face job losses due to the closure of 95 bank branches across Britain. Following this move, the bank's network will consist of 349 branches, including 290 full-service locations and 36 with reduced hours.
Santander UK is set to close several branches, putting approximately 750 jobs at risk. As Spain's largest banking group, Banco Santander, S.A. operates in commercial banking, investment banking, and asset management, managing over EUR 1 trillion in deposits and credits through a global network of 8,011 branches.
Deutsche Bank has launched Bizum, a popular mobile payment solution, for its corporate clients in Spain, becoming the first international bank to do so. This initiative allows both foreign multinationals and national businesses with a virtual POS service to accept Bizum payments, enhancing their payment options. With over 28.5 million users and 3.75 billion transactions, Bizum is recognized for its speed and convenience, making it particularly effective for eCommerce and recurring payments.
Verizon and Santander Bank have launched the Verizon + Openbank Savings account, offering a high-yield savings option with an interest rate 10 times the national average. Customers can save up to $180 annually on Verizon bills by maintaining a minimum balance of $1,000. The account can be easily accessed and managed through the MyVerizon app and Openbank's platform, enhancing financial benefits for Verizon's customer base.
Morgan Stanley downgraded Iberdrola to Equal-weight from Overweight, reducing its price target to €14.50 due to limited near-term upside after a strong performance. The stock, trading at a 25% premium to historical levels, is expected to yield less than 10% total return in 2025, with challenges ahead as growth slows post-2025 and management transitions loom. Despite this, Iberdrola remains a "core holding" for many investors, thanks to its strong earnings mix in electricity networks and renewables.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
vinci leads global construction and infrastructure management with diverse services
10:28 19.03.2025
santander to close 95 uk branches and cut 750 jobs
09:53 19.03.2025
santander to close 95 branches amid rise in digital banking usage
09:05 19.03.2025
adapting real estate strategies to meet evolving economic trends in europe
09:03 19.03.2025
santander uk plans branch closures affecting 750 jobs
08:26 19.03.2025
santander uk plans to close 95 branches risking 750 jobs
08:12 19.03.2025
santander uk plans branch closures affecting 750 jobs
08:12 19.03.2025
Deutsche Bank introduces Bizum mobile payments for businesses in Spain
07:18 19.03.2025
verizon and santander launch high-yield savings account with exclusive benefits
03:10 19.03.2025
Morgan Stanley downgrades Iberdrola citing limited near-term growth potential
18:58 18.03.2025
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