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CIMIC

ACS Australian subsidiary Cimic wins AU$950 million contract to upgrade Gateway to Bruce motorway

Link Securities | CPB Contractors, part of the CIMIC Group (ACS), has been selected by the Queensland Government to carry out improvements to the Gateway to Bruce motorway, according to a report yesterday by the digital portal Bolsamania.com. CPB Contractors is responsible for 40% of the contract value, which amounts to AU$950 million. This is a transformative infrastructure project to improve safety, connectivity and resilience along the Gateway Motorway and…


telefonica nuevo logo

Telefónica opts for deleveraging and halves its dividend

Telefónica’s results met forecasts in terms of revenue, exceeded them in underlying EBITDA, and fell short in terms of EBITDA, EBIT, and net profit (continuing operations). Revenue was €8.957 billion (down 1.5% versus Q3 24), EBITDA was €2.867 billion (down 6% versus consensus and 8% compared with Q3 24), underlying EBITDA was €3.071 billion (up 1% versus consensus and down 1% compared with Q3 24), EBIT was €952 million (down…


acerinox

Acerinox’s profit falls 95.7% in quarter marked by uncertainty and slowing demand

Link Securities | Acerinox (ACX) presented its results for the first nine months of the year (9M2025) on Friday, from which we highlight the following aspects: ACX highlighted that 9M2025 has been marked by uncertainty, and after two consecutive years of significant contraction in apparent demand, the sector remains at low levels, with a much slower recovery than initially projected.ACX’s turnover was €4.473 billion in 9M2025, 9.4% higher than the…


Catalana occidente

CNMV authorises Inocsa’s takeover bid for Catalana Occidente

Link Securities | The Spanish Securities Market Commission (CNMV) has agreed to authorise the voluntary takeover bid for Catalana Occidente shares submitted by Inoc, S.A. on 28 April 2025 and admitted for processing on 16 May 2025, on the understanding that its terms comply with current regulations and considering the content of the explanatory prospectus and its annexes to be sufficient, following the latest amendments registered on 24 October 2025….


Caixabank

CaixaBank achieves profit of €4.397 billion up to September, up 3.5%

The CaixaBank Group obtained a net profit of €4.397 billion between January and September 2025, after growing by 3.5% compared to the same period of the previous year. CaixaBank, which serves 20.6 million customers in Spain and Portugal through a network of around 4,100 branches, holds more than €660 billion in assets. The year-on-year evolution of the income statement reflects, as it did in the first half of the year,…


repsol brasil

Repsol reports net income of €1.177 billion up to September

Repsol obtained a net income of €1.177 billion in the first nine months of 2025, a 34.3% decrease compared to the same period in 2024, mainly impacted by the effect of lower crude oil prices on inventory valuation. Adjusted net income, which specifically measures business performance, stood at €2.173 billion, 19% lower than in 2024. The net income for the third quarter more than doubled that of the previous year,…


Naturgy

Naturgy’s 9M25 profit grows 6% year-on-year to €1.668 billion

Norbolsa | The company posted a net profit of €1.668 billion (+6% year-on-year) and EBITDA of €4.214 billion in 9M25, in line with record levels and with the target of exceeding €2 billion at year-end. The company maintains a solid financial profile (DN/EBITDA <2.5x) and a minimum total dividend of €1.70/share within the 2025–27 plan. Among the most notable milestones of the period, the free float increased to 18.8% from…


Digi

Digi hires Barclays, Santander and UBS as coordinators for Spanish subsidiary’s stock market listing

Alphavalue/DIVACONS | Romanian telecommunications group Digi has hired Barclays (BARC-GB), Santander (SAN) and UBS (UBS-CH) as coordinators for the stock market listing of its Spanish subsidiary, according to a report in Expansión newspaper on Monday. The operation, which is being advised by Rothschild, is scheduled for 2026, with May as its first window. With its stock market debut, which values the Spanish business at around €2.5 billion, Digi is seeking…


naturgy eolica

Better pricing environment, increased installed capacity and high combined cycle production will maintain Naturgy’s trend

Renta 4 | Naturgy (NTGY) will publish its 9M25 results on Wednesday, 29 October 2025, before the market opens, with a conference call at 11:30 a.m. Target price €26.10 and underweight recommendation. G A good performance is expected for 9M figures, which should continue the trend seen in the first half of the year (9M24 figures pending publication). The improved pricing environment favours the energy management business, with a possible…


Repsol

Repsol becomes exclusive official lubricant supplier for Moto2 and Moto3 World Championships

Alphavalue / Divacons | The Spanish oil company has signed a strategic alliance with Dorna Sports, the organiser of the MotoGP World Championship, to become the exclusive official lubricant supplier for the Moto2 and Moto3 categories. This agreement will run from 2026 to 2030. Repsol has lubricant production plants in Spain (Puertollano), Mexico, Indonesia, Singapore, and the Philippines, as well as access to third-party plants, enabling it to distribute its…