Companies

Squirrel media

Squirrel strengthens Media division with purchase of 75% of Ranna Consultoría

Link Securities | The company has reached an agreement to acquire 75% of Ranna Consultoría, an image and communication agency with extensive experience in managing institutional strategies and campaigns for public administrations. With this transaction, which will take effect today, Squirrel strengthens its Media division, incorporating a structure with in-depth knowledge of the public sector and proven experience in projects developed for local councils, provincial councils, autonomous communities and ministries,…


Telefonica novisima

Telefónica could announce dividend cut from €0.03 to €0.02 per share in new Strategic Plan

Bankinter | Telefónica (TEF) will present its new Strategic Plan tomorrow, 4 November, replacing the previous 2024/2026 plan. In this plan, Telefónica could announce a dividend cut from the previous €0.3 per share for the years covered, according to media reports. Bankinter analysis team’s view: We believe that the probability of this happening is high. According to statements by its CEO, Telefónica has lofty ambitions, with the intention of actively…


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…


puig preciosa

Puig Brands reports net sales of €1.3 billion in Q3 2025 thanks to new Amazon channel used by Makeup segment

Alphavalue / Divacons | The Spanish cosmetics company presented its Q3 2025 trading update yesterday after the close of trading. Net sales of €1.3 billion (up 3.2% year-on-year) compared to the €1.28 billion expected by the consensus. These quarterly results exceeded expectations, driven by exceptional momentum in the Makeup segment and continued strength in Asia. The makeup segment benefited significantly from Amazon’s new distribution channel, which accounted for approximately half…


enagas

Enagás acquires 100% of Axent with purchase of 51% it did not already own for €37.8 million

Banco Sabadell | The company has completed the acquisition of 51% of the share capital of Axent Infraestructuras de Telecomunicaciones, S.A., up to 100% of its capital, which was announced in July. The price paid amounts to €37.8 million and the transaction will generate an estimated positive impact on 2025 after-tax profit of close to €16 million (almost 6% of the expected 2025 BDI) due to the accounting revaluation of…


InmoColonial

Colonial’s chairman not ruling out possibility of takeover bid

Renta 4 | The financial newspaper El Economista features an extensive interview with Colonial’s chairman, Juan José Brugera, in which he reviews the company’s current situation and various aspects of the property market. We would highlight the following aspects of the interview: 1) the gradual improvement in the oversupply in Barcelona’s 22@ district; 2) he leaves the door open to the possibility of exploring new geographical markets such as Germany…


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,…


melia 4

Meliã: hotels increase revenue 6.3% year-on-year, with record prices of €170/night in Spain

Bankinter | According to the Hotel Sector Barometer, hotel rates have set a new record in Spain with average prices from January to September of €170/night (up 5.5% year-on-year). Occupancy also improved, albeit moderately, by 0.7%, to reach an average of 76.4% in Spain. As a result, revenue per available room (RevPAR) stood at €129.9 (up 6.3% year-on-year). Analysis team opinion: Good news for the sector, which continues to raise…


Indra novedad

Indra’s results fall short of operating forecasts (net profit €77 million) but maintain 2025 guidance

Renta 4 | Indra (IDR): Q3 2025 results fall short of operating forecasts. 2025 guidance maintained. Strong increase expected in the defence portfolio for 2026. Investor Day in Q2 26. Results fell short of estimates at the operating level and our estimates for net profit (above consensus). Ordinary income €1,162 million (-3% versus Renta 4 estimate, -4% versus consensus and +6% versus Q3 24), EBIT, main figure, €109 million (-11%…