Urgent.News

What's breaking now, across thousands of outlets.

Business

Javier Echave deja Heathrow tras 18 años para fichar por Merlin Properties

El ejecutivo regresa a España para hacerse cargo del departamento financiero de la empresa inmobiliaria del Ibex en pleno plan de crecimiento con los centros de datos. Leer

Original Spanish Read in English

Javier Echave, a veteran executive of Ferrovial, has left his role as Heathrow's CEO to join Merlin Properties in Spain. Echave, who has spent 18 years at Heathrow, will take on the position of CFO at Merlin Properties, a property company part of the Ibex Group. This move comes after Echave's resignation from his position as COO at Heathrow, citing the desire to return to Spain with his family and start a new chapter.

During his tenure at Heathrow, Echave was instrumental during the company's challenging times, such as the Covid pandemic, and helped secure £25 billion in financing. Merlin Properties, which is backed by Banco Santander, is planning significant growth in the data center sector, and Echave's financial expertise will be crucial for the company's expansion plans.

Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at expansion.com →

More in Business

Alert in tourism: Brussels endangers reduced VAT

Una subida del IVA al 21% erosionaría la base imponible y desviaría turistas hacia competidores. Algunos informes alertan de que elevar el IVA perjudicaría a un sector que aporta el 12,6% al PIB. Leer

  • Brussels proposes raising reduced VAT rate for hotels and restaurants from 10% to 21%.
  • Tourism sector generates €200 billion in Spain annually, employing 2.77 million people.
  • Price elasticity of international tourist demand for Spain estimated at -1.9.

The Ibex 35 yields more in dividends than the 10-year Spanish bond

The Ibex 35 is supported by banking and energy to trade with a dividend yield higher than the return offered by the 10-year Spanish bond after its recent escalation.

  • Ibex 35 yields 4.45% dividends, surpassing 4% Spanish 10-year bond
  • Dividend yield of Ibex 35 expected to reach 4.95% in 12 months
  • CaixaBank projected 12.3% dividend yield, one of Europe's highest

More from Wednesday 16 September →