CdM | Year-on-year headline inflation in the OECD, as measured by the Consumer Price Index (CPI), fell to 3.9% in November 2025, from 4.2% in September 2025, the closest month with complete CPI data for all OECD countries. Food inflation and core inflation (inflation excluding food and energy) in the OECD fell by 1 and 0.2 percentage points respectively, both reaching 4%. In contrast, energy inflation rose to 3.5% from…
Alphavalue/Divacons | Mapfre (MAP) Iberia CEO Elena Sanz confirmed the growth targets for turnover, channels and customers for the 2026 financial year, emphasising the importance of the new territorial structure in gaining proximity to users. During the closing ceremony of the annual meeting, the insurer’s chairman, Antonio Huertas, highlighted the fulfilment of the strategic plan and the historic milestone achieved in 2025, when the company exceeded €13 billion in market…
Link Securities | ACS (ACS) and Global Infrastructure Partners (GIP), a member of BlackRock, have completed the establishment of a 50/50 joint venture between ACS and the aforementioned fund, aimed at the promotion, construction, development, operation and marketing of an initial capacity of 1.7 GW in Data Centres, once the corresponding regulatory authorisations were obtained in December. GIP is thus joining forces with ACS to launch a global data centre…
Last year, 13,586 stores closed, averaging about 38 per day. This is the highest figure in recent years, according to data provided by the Union of Professionals and Self-Employed Workers (UPTA). Not even the Christmas campaign managed to mask the figures or save face: in December 2025, 2,347 businesses shut down, compared to 1,748 in the same month of 2024. This latest figure confirms that the “bleeding” of the retail…
Repsol CEO Josu Jon Imaz has stated that the company is prepared to “invest heavily in Venezuela” and triple its crude oil production in the Caribbean nation to approximately 135,000 barrels per day. According to the company, this goal can be achieved within two or three years if the necessary conditions are met. The executive attended a meeting at the White House with U.S. President Donald Trump, alongside other high-ranking…
Singular Bank | According to the BEA, in October, US exports rebounded by 2.6% month-on-month compared to the previous month. At the same time, imports fell significantly by 3.2%. Year-on-year, exports grew by 12% and imports fell by 3.6%. Given this development, the US trade deficit fell by 39.0% compared to September to $29.4 billion (versus $48.1 billion in September), representing its lowest level since 2009. In October, the largest…
Link Securities | Cellnex Finance, a wholly owned subsidiary of Cellnex, yesterday successfully completed the pricing of two series of euro-denominated bonds, intended for qualified investors, under its Euro Medium Term Note Programme (EMTN Programme) and guaranteed by Cellnex: I. Series A: for a total nominal amount of €750 million, maturing on 19 January 2031, which will accrue a coupon of 3.000% payable annually and will be issued at a…
Singular Bank | The IBEX 35 closed yesterday at a new high above 17,650 points. The day was marked by the rise of Puig Brands, which rose 5.7% after BNP Exane gave it a potential upside of 22% to €18 per share. In addition, the research firm has decided to upgrade its recommendation on the stock to “overweight” from the previous “neutral”. Also this week, Jefferies analysts maintained their “buy”…
Link Securities | According to data from the National Bureau of Statistics, China’s consumer price index (CPI) rose 0.8% year-on-year in December, up from 0.7% the previous month, its highest rate since February 2023, although slightly below the 0.9% rebound expected by the consensus of analysts. Inflation rose for the third consecutive month, with food prices rising at their fastest year-on-year rate in 14 months (1.1% versus 0.2% in November),…
Bankinter | The company has announced a 9.5% increase in its ordinary interim dividend for 2025 to €0.253 per share. Today is the last day to buy shares in the group and be eligible for this dividend under the Iberdrola Flexible Remuneration programme. Iberdrola gives its investors the option to choose how they wish to receive their remuneration. The company’s shareholders can choose between receiving the dividend amount in cash,…