Exclusive-Spain the frontrunner for Chinese carmaker BYD’s third European plant, sources say

Holcim's stock has received a significant upgrade to 'Buy' from UBS, reflecting a positive outlook for the European cement market. This upgrade is important as it signals investor confidence in Holcim's growth potential amidst a recovering construction sector in Europe, which could lead to increased demand for cement and improved financial performance for the company.

UBS has upgraded Holcim's stock rating, reflecting a positive outlook for the European cement market. This upgrade is significant as it indicates confidence in Holcim's performance amidst a recovering construction sector, which could lead to increased investments and growth opportunities for the company. Investors may see this as a promising sign for future profitability.

BYD has identified Spain as a leading candidate for its third manufacturing plant in Europe, highlighting the country's strategic importance in the automotive sector. This move is significant as it reflects BYD's commitment to expanding its footprint in Europe, which could lead to job creation and bolster the local economy. With the growing demand for electric vehicles, establishing a plant in Spain could position BYD to better serve the European market and contribute to the region's green transition.

Indian textile exporters are shifting their focus to Europe as they offer discounts to counteract the impact of US tariffs. This strategic move not only helps them maintain competitiveness in the global market but also opens up new opportunities for growth in Europe. By adapting to the changing trade landscape, these exporters are demonstrating resilience and innovation, which is crucial for their long-term success.

The announcement of a European T20 Premier League set for 2026 is exciting news for cricket fans, as it aims to bring the sport to iconic cities like Paris, Berlin, and Barcelona. This initiative could significantly boost cricket's popularity in Europe, providing a platform for local talent and attracting international players. It's a step towards expanding the game's reach and fostering a new generation of cricket enthusiasts.

Golden Minerals has successfully completed the sale of its plant in Mexico for $3 million, marking a significant step in its strategic realignment. This sale not only boosts the company's financial position but also allows it to focus on its core operations and future projects. The transaction reflects the growing interest in mining assets and could signal positive trends in the industry.

TWICE is making waves by expanding their 'THIS IS FOR World Tour Part 2' with new shows in North America and Europe. This is exciting news for fans who have been eagerly waiting for more opportunities to see the popular K-pop group live. With tickets going on sale this week, it's a great chance for fans to secure their spots and experience the energy of TWICE's performances.

Apollo Global Management has identified greater buyout opportunities in Europe compared to the U.S., signaling a strategic shift in their investment focus. This move is significant as it reflects the evolving landscape of private equity, where European markets may offer more favorable conditions for acquisitions. Investors and analysts will be keen to see how this strategy unfolds and what it means for the future of private equity in both regions.

Goldman Sachs and Bank of America have successfully arranged a €1.215 billion loan for Verisure following its impressive IPO, which marks the largest in Europe in three years. This significant financial backing not only highlights the confidence in Verisure's growth potential but also reflects a revitalized interest in the European market, making it a noteworthy development for investors and the financial sector.

Apollo Global Management's new European private equity lead believes that the region holds greater potential for buyout deals compared to the US. This insight is significant as it suggests a shift in investment focus, potentially leading to increased economic activity and opportunities in Europe.

The US government has issued a travel warning for two European countries, raising concerns among American tourists as they seek alternative destinations amidst rising crowds. This warning is significant as it may influence travel plans and safety perceptions, especially for those considering popular European cities. With Malta experiencing a surge in visitors, travelers might need to rethink their itineraries to ensure a safe and enjoyable experience.

Spain's stock market closed on a high note, with the IBEX 35 index rising by 0.40%. This positive movement reflects investor confidence and could signal a strengthening economy, making it a significant development for both local and international investors.

Silver prices have surged to record highs, outpacing gold in a remarkable rally this year. This surge is significant as it reflects growing demand and interest in silver, particularly in the London market, where traders are scrambling to secure supplies. The rising prices not only indicate a shift in investor sentiment but also highlight silver's potential as a valuable asset in uncertain economic times.

Goldman Sachs has initiated coverage of AXIS Capital with a Neutral rating, indicating a balanced outlook on the company's stock performance. This move is significant as it reflects Goldman Sachs' assessment of AXIS Capital's market position and potential, which could influence investor decisions and market dynamics.

discoverIE's shares have seen a notable rise following the announcement that their first half earnings have met expectations. This is significant as it reflects the company's strong performance and resilience in a challenging market, boosting investor confidence and potentially leading to further growth.

Easyjet shares have surged following reports of a potential takeover bid from MSC, a move that could significantly reshape the airline's future. This news is important as it highlights the growing interest in the aviation sector and the potential for consolidation, which could lead to improved services and competitiveness in the market.

China is tightening its grip on the export of rare earth magnets, making it more challenging for companies to obtain the necessary licenses. This move could have significant implications for global supply chains, particularly in industries reliant on these critical materials, such as electronics and renewable energy. As countries seek to reduce dependency on Chinese resources, this policy shift may escalate tensions and drive innovation in alternative sourcing.

European stocks have dipped to a near two-week low, primarily driven by concerns over trade tensions and a significant slump in Michelin's performance. This decline reflects broader anxieties in the market, as investors grapple with the potential impacts of trade disputes on economic growth. The situation is particularly concerning for those invested in the automotive and manufacturing sectors, where companies like Michelin play a crucial role.