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Business summary between Spain and the UK « Euro Weekly News

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Don’t be trash FCC Environmental Services has been awarded a $575 million (€525.3 million) waste management contract in Florida.

The company, a subsidiary of FCC Servicios Medio Ambiente, plans to sell 111,000 homes in St. Johns County, Florida, when contracts with the two companies currently providing the service expire in July 2024. Garbage will be collected from.

Local officials in St. Johns County explained that FCC Environmental Services’ offer was “significantly lower” than those offered by other companies, but later questioned how FCC was able to submit such a low bid. A question arose.

The Spanish company is already responsible for collecting trash from 500,000 homes in Florida, including properties in Palm Beach.

pre-election tax cuts According to British media, Downing Street is deliberating whether to abolish inheritance tax.

Although it will affect just 4% of British households, its repeal in next March’s Budget is being seen as a pre-election sweetener to boost Rishi Sunak’s chances of victory.

This is just one of several tax cuts being discussed by government officials. This is in line with Mr Sunak’s instructions for a tangible shift in the tax burden after he prioritized curbing inflation over reducing the tax burden when he became chancellor.

Sometimes you win, sometimes you lose DIGI’s strong performance continued to influence other Spanish carriers in 2023.

The Romania-based company came out on top in terms of portability, gaining 766,000 mobile and landline customers from rivals, most of them Vodafone España.

Instead of the recovery expected after Zegona’s €5 billion acquisition in September, Vodafone lost a further 598,000 mobile lines.

Movistar lost 273,000 lines and Orange 185,000 lines, while Massmobile, which has 15.8 million lines and is awaiting a merger with Orange, gained 50,000 mobile lines and 7,000 mobile lines.

Meanwhile, Telefonica lost 216,500 landline lines and 56,500 mobile lines, but continues to focus on high-value customers as it advances its Movistar Plus digital TV platform.

cash injection US-based investment company Stonepeak will invest £450m (€518.3m) in AA Breakdown Services.

City sources cited by Sky News in late December said Stone Peak’s 15% stake in AA would be announced “soon”.

Towerbrook and Warburg Pincus will remain major shareholders after the consortium acquired the then-struggling AA for £219m (€252.3m) in 2021.

As a result of the sale, AA was delisted from the London Stock Exchange, where it had been active for seven years.

no closure HSBC has promised no new branch closures in 2024.

The bank has closed 736 branches in the UK since 2015, according to data from Which?. Consumer groups revealed further closures at NatWest and Barclays.

In a congratulatory message to customers, Jose Carvalho, head of UK wealth and personal banking at HSBC, said the bank was “expanding its community footprint across the country” by introducing pop-up branches and banking hubs. Ta.

Mr Carvalho also thanked HSBC customers for “trusting the bank with their money”, but acknowledged there were times in 2023 when “we could have done better”.

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