News

Cruise tourism in Madeira reached a historic milestone in 2024, with more than 700,000 passengers passing through the region’s ports. In all, 728,604 passengers and 271,974 crew members [...]

Bank BPI, which is controlled by Caixabank, posted profits of €588 million for 2024, up 12% compared to the previous year. “It was the best year ever” announced the CEO João Pedro Oliveira e [...]

The digital marketing adtech startup Leadzai that focuses on the online advertising market is restructuring its business and shed 25% of its staff. The startup that was in the first batch of [...]

The former deputy mayor of Vila Nova de Gaia Town Council, Patrocínio Azevedo has denied that he received “a single red cent” from lawyer João Lopes to get real estate projects fast-tracked [...]

Actium Capital has acquired a further 0.58% of Altri gaining 14.7% of its capital. Actium Capital, S.A., held by main shareholder and CEO Paulo Fernandes, has acquired 1,100,000 shares of Altri, [...]

Vanguard Properties has invested €30 million in a new development for sale in Lisbon with the project Tomas Ribeiro 79 on Avenidas Novas. “We take care not to make trendy buildings, but [...]

Portuguese companies expect a 4.6% increase in exports of goods this year. The forecast is based on the uptick in exports registered between January and November 2024 when overseas sales grew by [...]

Abanca posted record profits of €1.2Bn in 2024, up 69.2% like-for-like on 2023. Without Portuguese bank Eurobic, which Abanca acquired last summer, Abanca would have made net profits of €853.3 [...]

The US vulture fund Lone Star, which has a 75% share of the capital of Portuguese bank Novobanco, is looking to get a valuation of €5Bn for the financial institution. This figure is the starting [...]

Text: Chris Graeme; Photo: Fernando Bento There’s a well-worn truism that is taught at media and journalism colleges that “if it’s fake news it’s not news, and if it’s news it’s not fake.” But [...]