Outlook cloudy

though profits and the number of customers increased.

US media giant Comcast bought Sky for £30 billion (€34 billion) in 2018 but took a £6.8 billion (€7.7 billion) write­down on the value of the business last October, which it attributed to “challenging eco ­

ADIF, Spain’s publicly­ owned rail infrastructure company, is scrutinising bids for a €621 million tender (€513.3 excluding IVA) for its largest project in recent years.

This involves putting below ground Barcelona’s R2 track as it crosses Montcada i Reixac.

So far, Ferrovial’s €446.6 million bid (excluding IVA) is apparently the most viable, although the multinational’s decision to relocate its headquarters to the Netherlands still rankles with the Spanish government.

So much so that Adif is taking the unusual step of bringing in an external engineering consultancy to analyse all the bids competing for the contract, possibly in hopes of finding a valid reason for eliminating Ferrovial.

Pub facelift

BREWING giant Heineken is planning a £40 million (€45.5m) cash injection into UK pubs. Upgrading 570 pubs, practically a quarter of Heineken’s UK premises, will create approximately 600 jobs this year.

The company runs 2,400 pubs in the UK via Star Pubs & Bars and Lawson Mountstevens, the operation’s managing director, stressed the importance of continued investment in Heineken’s venues despite the “uncertain” consumer panorama.

nomic conditions.”

Sales of the company’s much­proclaimed Sky Glass ­ a TV that has built­in Sky and streaming apps which eliminate the need for a satellite dish ­ have not so far been impressive.

“It’s in a really tough place,” a source said.