Michael O'Leary announced in Paris this week that Ryanair would bring its engine repair and maintenance "in-house" and open two massive new facilities to do so. It appears one of them will be based in Spain.
While “més que un club” is the tagline of FC Barcelona, it arguably applies even more strongly to Real Madrid. Atlético de Madrid fans will not like my saying it, but in the era of Florentino Pérez, there is nothing more Madrid than Real Madrid.
Prime Minister Pedro Sánchez was proving that socialism could work in Spain, but then the lights went out. Now, for the first time since he became prime minister in June 2018, he’s looking vulnerable.
A new Spanish bank is moving in. Ireland’s largest bank is steadily healthy. The two are related, as analysis of Irish and European banking performance shows.
“Say what you like about the tenets of National Socialism, Dude, at least it's an ethos,” said the perenially angry Walter character in Joel and Ethan Cohen's film. A swathe of the Spanish electorate voting this Sunday are on the same page.
Since the start of the pandemic, the US vulture fund has written down millions off the value of bad loans acquired from AIB in Northern Ireland – but reported no Covid-19 impact on its latest Irish-owned Spanish landlord business.
Irish brass-plate companies have become a central plank in the structures used by vulture funds to swoop in on Mediterranean distressed debt. An investigation into Cerberus reveals how this extends to dealings in tens of thousands of foreclosed properties.
Debt collector turned vulture fund Cabot Financial has been growing its Mediterranean business out of Dublin, illustrating the wider trend among US distressed debt investors to use Ireland as a base for European portfolio securitisation.
The “Spanish Warren Buffett” sparred with Aryzta Chairman Gary McGann at the Irish-Swiss food giant’s 2018 AGM and narrowly lost an €800 million shareholder vote. Francisco Paramés is on the attack again with a new ally – and little left to lose on his Aryzta investment.
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