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It is likely IAG could reinstate a dividend as early as this year, although no details were given at its annual shareholder meeting in Madrid on June 26.

The airline owns British Airways, Iberia, Aer Lingus and Vueling and is currently hoping to persuade Brussels to approve the purchase of Air Europa.

IAG paid its last dividend in 2019, shortly before planes were grounded worldwide due to the pandemic and all travel was restricted.

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Transformation of former brickyard A Hollywood theme park on the site of a former brickyard on the outskirts of Bedford could boost the economy by around £50 billion (€59.1 billion).

Universal’s parks division, which acquired the 480-acre (194-hectare) site in December 2023, said the theme park would generate £35.1 billion (€41.5 billion) during construction and the first 20 years of operation.

In addition, the film studio said the project would contribute £14.1 billion (€16.6 billion) in tax paid to the Treasury in the same period.

Drivers look elsewhere SPAIN is Europe’s biggest carmaker after Germany, although 90 percent of the 2.45 million vehicles leaving its factories in 2023 will be destined for export.

Spanish vehicle manufacturers’ association Anfa says only 30 percent of the remaining 10 percent bought in Spain last year were made here.

The Moroccan-made Dacia Sandero was the best-selling car in Spain with 13,068 models sold in 2023, while the UK-made Toyota Corolla came in second with 10,197 models.

The Seat Ibiza, whose sole production facility is located at the Martorell plant in Barcelona, ​​was in third place with 9,202 models sold.

Profits from a wet winter Online electricals retailer AO World’s profits rose to £34.3m (€40.5m) during the year ended March 30, 2024.

This figure is 186 per cent higher than the £12m (€14.18m) figure in 2023, thanks in part to continued sales of air fryers and increased demand for dryers during the UK’s very wet winter.

Television sales also rose as people bought new models in preparation for this summer’s Euro 2024 tournament, AO World said.

SPAIN’S economic growth season grew by 0.8 percent during the first quarter of 2024, compared to estimates of 0.7 percent.

This is the best data since the second quarter of 2022, the National Statistics Institute (INE) announced on June 25.

The increase was mainly due to higher household spending, which increased by 0.4 percent, the INE said. Imports rose by 2.2 percent in the first three months of 2023, but exports rose by 3.3 percent in the period and public administration spending fell by 0.6 percent.

In line with this, S&P Global’s latest Q3 Eurozone Economic Outlook report said that “Spain, in particular, continues to outperform expectations.”

Stellantis electric vehicle show STELLANTIS, owner of the Vauxhall, Peugeot and Citroen brands, has called on the UK government to provide more support to electric vehicle (EV) manufacturers.

Maria Grazia Davino, UK managing director, said the company did not want to end its UK operations, but warned that Stellantis could close its factories at Luton and Ellesmere Port unless there was greater demand for electric vehicles.

The UK also needs to “relax” the rules, Davino said. “The demand is not coming. We hope the government, whoever it is, will address this.”

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