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Business news, startups, investments, and corporate developments in Portugal.
Muddy Waters Drags Mota-Engil Into a Texas Civil-Defamation Action Over Carlos Mota Santos's December 2024 Expresso Interview — Group Frames the 19 December 2025 Filing as Carrying 'Little Relevance' to Operations

Muddy Waters Drags Mota-Engil Into a Texas Civil-Defamation Action Over Carlos Mota Santos's December 2024 Expresso Interview — Group Frames the 19 December 2025 Filing as Carrying 'Little Relevance' to Operations

Muddy Waters Capital sued Mota-Engil in a Texas civil court on 19 December 2025 for defamation tied to a December 2024 Expresso interview with CEO Carlos Mota Santos. The group has filed for dismissal and CFO José Carlos Nogueira frames the case as carrying 'little relevance' to operations.
The Portugal Brief
Medway Steps Up the Palmela Rail-Freight Line to Three Trains a Week for Volkswagen Autoeuropa — Leixões and Santander Anchor the Modal-Shift Pipeline as Carlos Vasconcelos Reads the Railway Option 'Gaining Strength'

Medway Steps Up the Palmela Rail-Freight Line to Three Trains a Week for Volkswagen Autoeuropa — Leixões and Santander Anchor the Modal-Shift Pipeline as Carlos Vasconcelos Reads the Railway Option 'Gaining Strength'

Medway runs up to three trains a week from Palmela to Leixões and Santander carrying finished Volkswagen Autoeuropa vehicles, president Carlos Vasconcelos tells Jornal de Negócios. The Rodo Cargo service marks a slow modal shift toward rail-based finished-car logistics on the Atlantic Corridor.
The Portugal Brief
Mota-Engil Books a Record €35 Million Q1 Profit on Brazilian Backlog Push — Carteira de Encomendas Stretches to €16.9 Billion as Santos-Guarujá Tunnel Anchors the New Pipeline

Mota-Engil Books a Record €35 Million Q1 Profit on Brazilian Backlog Push — Carteira de Encomendas Stretches to €16.9 Billion as Santos-Guarujá Tunnel Anchors the New Pipeline

Mota-Engil closes Q1 2026 with €35 million of net profit, the strongest first quarter in the company's history at +31% YoY. Revenue lifts to €1,394 million, EBITDA crosses €234 million at a 17% margin and the order book stretches to €16.9 billion, equivalent to 3.6 years of activity.
The Portugal Brief
Corticeira Amorim Cuts a Further 212 Posts Across 2025 With Amorim Cork Solutions Carrying 126 of the Layoffs — Workforce Closes the Year at 4,637 Versus 4,999 in 2022 and Personnel Costs Drop €2.5 Million Despite Higher Average Pay

Corticeira Amorim Cuts a Further 212 Posts Across 2025 With Amorim Cork Solutions Carrying 126 of the Layoffs — Workforce Closes the Year at 4,637 Versus 4,999 in 2022 and Personnel Costs Drop €2.5 Million Despite Higher Average Pay

Corticeira Amorim's 2025 Relatório e Contas books a 212-post net headcount cut, with the Cork Solutions division absorbing 126 as Silves consolidates into Vendas Novas on a €3M one-off. Workforce closes at 4,637 (vs 4,999 in 2022); personnel costs -€2.5M on higher average pay.
The Portugal Brief