Financial markets, PSI-20 performance, and investment news in Portugal.
Construction giant Mota-Engil opens a €50 million sustainability-linked retail bond on 6 May at 4.60% gross with a five-year tenor — subscription closes 19 May, with a swap lane for holders of the maturing 4.15% 2021/2026 series.
S&P Global Ratings projects aviation kerosene will peak at $211.7 per barrel in May 2026 — up 114 percent in two months. Goldman Sachs sees Hormuz disruption taking 500,000 b/d offline with 23 percent of European jet-fuel exposure in play, and Lisbon has flagged an end-August shortage risk.
José António dos Santos and Grupo Valouro sell 16.38% of Benfica SAD for €45.2 million to a Delaware SPV linked to Oak View Group and Acrisure executives — a €40 million capital gain over nine years that pushes combined US-fund ownership of Benfica past 21% on the July transfer.
INE's flash estimate stopped Q1 growth at zero. The PSI closed the same week at a 16-year high. End-of-day analysis on why those two facts can hold simultaneously — and what the disconnect tells investors and policymakers heading into Q2.
Teixeira Duarte's audited 2025 accounts post €50M net profit, almost double the €26M booked in 2024, on €706M revenue and €100M EBITDA. Net debt fell €147M, the order book grew to €1.635bn, and the group joined the LusoLAV Porto-Lisbon high-speed-rail consortium.
Galp's Q1 net profit climbed 41% to €272M on a brutal upstream beat — but management's mid-2026 Moeve merger timeline is the real read on where Portuguese energy is heading.
The Obrigações Benfica SAD 2026-2031 issue closed Friday with the offer pulled up from €40M to €65M and oversubscribed by retail investors. The 4.65% coupon, the 1.36x book and the 4,800 names on the subscription list re-anchor what Portuguese savers will pay to stand in front of football risk.</p>
