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FCC Group
The FCC Group, formerly Fomento de Construcciones y Contratas, S. A. (currently one of the group's entities), is a Spanish business group, based in Barcelona. It has specialised in public services. Its shares were first listed on the stock exchange in December 1900. The group is listed on the Spanish Continuous Market and was once part of the IBEX 35. In 2021, the group was among the top 10 companies that emitted the most tonnes of CO2 equivalent in Spain with 3.5 mtCO2e. History The business was founded as a construction company in Barcelona in 1900, under the name of ''Fomento de Obras y Construcciones S.A.'' and became known as ''FOCSA''. It began operations in public services in 1911 with a contract to clean and maintain Barcelona's sewerage network. In 1992 FOCSA merged with ''Construcciones y Contratas'', a company founded in Madrid in 1944 to form ''Fomento de Construcciones y Contratas, S.A.'' Proactiva was a 50–50 joint venture formed in 1999 between Veolia Environne ...
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Barcelona
Barcelona ( ; ; ) is a city on the northeastern coast of Spain. It is the capital and largest city of the autonomous community of Catalonia, as well as the second-most populous municipality of Spain. With a population of 1.6 million within city limits,Barcelona: Población por municipios y sexo
– Instituto Nacional de Estadística. (National Statistics Institute)
its urban area extends to numerous neighbouring municipalities within the province of Barcelona and is home to around 5.3 million people, making it the fifth most populous ...
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Over-the-counter (finance)
Over-the-counter (OTC) or off-exchange trading or pink sheet trading is done directly between two parties, without the supervision of an exchange. It is contrasted with exchange trading, which occurs via exchanges. A stock exchange has the benefit of facilitating liquidity, providing transparency, and maintaining the current market price. In an OTC trade, the price is not necessarily publicly disclosed. OTC trading, as well as exchange trading, occurs with commodities, financial instruments (including stocks), and derivatives of such products. Products traded on traditional stock exchanges, and other regulated bourse platforms, must be well standardized. This means that exchanged deliverables match a narrow range of quantity, quality, and identity which is defined by the exchange and identical to all transactions of that product. This is necessary for there to be transparency in stock exchange-based equities trading. The OTC market does not have this limitation. Parties may ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, '' Bloomberg Businessweek'', '' Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has been editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Jo ...
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Minority Interest
In accounting, minority interest (or non-controlling interest) is the portion of a subsidiary corporation's stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, or the corporation would generally cease to be a subsidiary of the parent. It is, however, possible (such as through special voting rights) for a controlling interest requiring consolidation to be achieved without exceeding 50% ownership, depending on the accounting standards being employed. Minority interest belongs to other investors and is reported on the consolidated balance sheet of the owning company to reflect the claim on assets belonging to other, non-controlling shareholders. Also, minority interest is reported on the consolidated income statement as a share of profit belonging to minority shareholders. The reporting of 'minority interest' is a consequence of the requirement by accounting standards ...
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Shares
In financial markets, a share (sometimes referred to as stock or equity) is a unit of equity ownership in the capital stock of a corporation. It can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an enterprise. The owner of shares in a company is a shareholder (or stockholder) of the corporation. A share expresses the ownership relationship between the company and the shareholder. The denominated value of a share is its face value, and the total of the face value of issued shares represent the capital of a company, which may not reflect the market value of those shares. The income received from the ownership of shares is a dividend. There are different types of shares such as equity shares, preference shares, deferred shares, redeemable shares, bonus shares, right shares, and employee stock option plan shares. Terminology * Stock * Equity * Shares outstanding are shares that are aut ...
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United Nations Global Compact
The United Nations Global Compact is a non-binding United Nations pact to get businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is the world's largest corporate sustainability and corporate social responsibility initiative, with more than 20,000 corporate participants and other stakeholders in over 167 countries. The organization consists of a global agency, and local "networks" or agencies for each participating country. Under the Global Compact, companies are brought together with UN agencies, labour groups and civil society. The UN Global Compact is a principle-based framework for businesses, stating ten principles in the areas of ''human rights'', ''labour'', ''the environment'' and ''anti-corruption''. The declared objectives of the participants and stakeholders are to "mainstream the ten principles in business activities around the world" and to "catalyse actions in s ...
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Sustainable Development Goals
The ''2030 Agenda for Sustainable Development'', adopted by all United Nations (UN) members in 2015, created 17 world Sustainable Development Goals (SDGs). The aim of these global goals is "peace and prosperity for people and the planet" – while tackling climate change and working to preserve oceans and forests. The SDGs highlight the connections between the environmental, social and economic aspects of sustainable development. Sustainability is at the center of the SDGs, as the term ''sustainable development'' implies. These goals are ambitious, and the reports and outcomes to date indicate a challenging path. Most, if not all, of the goals are unlikely to be met by 2030. Rising inequalities, climate change, and biodiversity loss are topics of concerns threatening progress. The COVID-19 pandemic in 2020 to 2023 made these challenges worse, and some regions, such as Asia, have experienced significant setbacks during that time. There are cross-cutting issues and synergy, syner ...
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Comisión Nacional De Los Mercados Y La Competencia
The Comisión Nacional de los Mercados y la Competencia (English: National Commission on Markets and Competition), abbreviated as CNMC, is a Spanish independent competition regulator responsible for enforcing competition law. It was established by virtue of the Spanish Competition Act (Ley de Defensa de la Competencia or LDC, the competition defence act, of 3 July 2007). It was preceded by the Tribunal de Defensa de la Competencia (Competition Defense Court) until 1 September 2007. Structure President * Luis Berenguer Fuster (until September 2011) * Joaquín García Bernaldo de Quirós (2011- ) Members of the Council * Pilar Sánchez Núñez * Julio Costas Comesaña * Jesús González López * Inmaculada Gutiérrez Carrizo * Luis Díez Martín Directors for Investigations * Carlos Pascual (until September 2008) * Clara Guzmán Zapater (2008-) Notable cases In 2021, CNMC fined eight companies including Siemens, Nokia and ACS Group a combined 127.3 million euros ($148 million) f ...
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World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its ...
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Audiencia Nacional
The Audiencia Nacional (; ) is a high court in Spain with jurisdiction over all of the Spanish territory. It is specialised in certain kinds of crime, having original jurisdiction over major crimes such as those committed against the Crown and its members, terrorism, currency counterfeiting, credit/debit card and check fraud, certain kinds of business crime committed across regional borders, as well as drug trafficking, food and medical fraud committed on a nationwide level as well as over international crimes which come under the competence of Spanish courts.LOPJ § 65. It has also appellate jurisdiction over the cases of the Criminal Chamber of the National CourtLOPJ § 64. Most of the rulings of the National Court can ultimately be appealed before the Supreme Court. Its seat lies in Madrid, at Calle García Gutiérrez, 1, located across the Plaza Villa de Paris from the Supreme Court. The Audiencia Nacional was created in 1977 at the same time as the Court of Public Order, ...
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Carlos Slim
Carlos Slim Helú (; born 28 January 1940) is a Mexican business oligarch, investor, and philanthropist. From 2010 to 2013, Slim was ranked as the richest person in the world by ''Forbes'' business magazine. He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso. , the '' Bloomberg Billionaires Index'' ranked him as the 18th-richest person in the world, with a net worth of US$92 billion or about 4% of Mexico's GDP, making him the richest person in Latin America. Slim's corporate conglomerate spans numerous industries across the Mexican economy, including education, health care, industrial manufacturing, transportation, real estate, mass media, mining, energy, entertainment, technology, retail, sports and financial services. However, the core of his fortune derives from telecommunications, where he owns América Móvil (with operations throughout Latin America) and the Mexican carrier Telcel and ...
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