Iberdrola Stock News

Spanish utility Iberdrola said on Wednesday its first-half reported net profit rose 22% to €4.34 billion ($4.95 ​billion), supported by higher investment in electricity ‌networks in Britain, the United States and Brazil.

The deal to acquire 80% of the share capital of Caruna Group should be completed by the end of the year or early in 2027, the Spanish utility company said.

Brazilian power firm Equatorial and Spain's Iberdrola are in ​talks with Enel to buy assets ‌of the Italian firm in Brazil, Brazilian newspaper Valor Economico reported on Monday, citing ​sources.

Western Europe is grappling with a record-breaking heatwave. Investors told CNBC there could be opportunities as sweltering summers become the norm on the continent.