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France’s BPCE group, which has signed a Memorandum of Understanding to purchase Portugal’s Novobanco, has agreed to pay almost 1.7 times of the book value, meaning 70% above the average that [...]

The newly re-elected Democratic Alliance (AD) government headed by Luís Montenegro is to shave €500 million off income tax this year while slashing IRC taxes gradually from 21% (20% in Madeira) [...]

Portugal’s high street bank BCP has spent €110 million on a share buyback programme, acquiring 182,927,697 shares worth 1.21% of its capital. In a note sent to the Portuguese securities market [...]

Over the past four years, since Martim de Botton took the helm at the LACS network of co-working spaces, he has revolutionised the company into much more than mere office spaces; he has created a [...]

Kronos Homes, a developer operating in Spain and Portugal, is to invest €150 million in a real estate project with a significant part earmarked for homes and tourist apartments to rent, in [...]

The Canadian ratings agency Morningstar DBRS has increased the long term rating on Banco Montepio’s non-guaranteed senior bonds to BBB (low), taking them from ‘junk’ status to investment grade. [...]

The rate of rent increases for accommodation paid by tenants has again slowed for the fifth month running according to data released by the National Statistics Institute (INE) this week. Rents [...]

An internal reconnection of electricity lines to the national grid by Spanish network company REE likely caused the ‘zero point’ high voltage problems that left Portugal and Spain powerless on [...]

The French banking group BPCE is said to be in the lead to buy Novobanco if the offer is accepted by the US majority shareholder Lone Star that holds 75% of the bank. Although the Spanish bank [...]

Real estate investment company Castellana Properties, which entered the Portuguese market last year, more than quadrupled its profits for the 2025 tax year from €22.4 million to €90.8 million. [...]