Markets

Inditex new

Inditex posts profit of €1.375 billion in first quarter (up 5.4%) and proposes dividend of €1.75

EBITDA grew by 7.3% to €2.568 billion, whilst EBIT increased by 7% to €1.756 billion and pre-tax profit also rose, specifically by 5.5%. Reported by Consejeros Editorial Team Inditex presented its first-quarter results on Wednesday, closing the period with a net profit of €1.375 billion, representing a 5.4% increase compared to the same period last year. The company has also announced that it will propose to the Annual General Meeting…


fondos inversion my foro

Average return on investment funds in May stands at 1.5%, compared with 3.3% for Ibex 35

Reported by Consejeros Editorial Team According to provisional data released this week by Inverco, the Spanish investment fund association, these funds increased their assets by €7.864 billion in May, reaching a total of €473.383 billion. Meanwhile,the average return recorded by the funds in the fifth month of the year was 1.5%, which contrasts with a monthly return of 3.3% for the Ibex 35. According to the Inverco report, assets in…


semiconductores 1

Stock market illusion following rally in Soitec and STMicroelectronics

Soitec (up 758%), Samsung up (150%), STMicroelectronics (up 167%)… European technology has nothing to envy its global competitors. By Enguerrand Artaz The AI revolution continues to stimulate markets and sustain economic growth. However, investors have gradually been shifting their focus to gain exposure to this phenomenon. Thus, they have moved away from the tech giants that have been so popular for years—the famous Magnificent Seven—to invest in their suppliers, particularly…


telefonica edificio

Telefónica acquires LineoX from Asterion Industrial Partners fund for €90 million

Report by Renta 4 Telefónica (TEF) has reached an agreement to acquire LineoX from the Asterion Industrial Partners fund. LineoX is one of Spain’s leading rural radio link operators and provides critical infrastructure for mobile connectivity. Telefónica sold LineoX to Asterion in 2020 through a carve-out transaction. Since then, Asterion has been developing LineoX independently, with Telefónica as its anchor client. The transaction value is estimated to be around €90…


Mapfre

Mapfre’s major risks division to lead business’s international expansion in Europe and US

The Spanish insurer has embarked on a new phase of international expansion focused on the European and US markets. The strategic plan will be led by Mapfre Global Risks,the division specialising in solutions for complex projects such as satellites or major civil infrastructure. This unit—which in 2025 contributed 5% of the group’s profit and 6% of its total premiums—plans to centralise and deploy all its underwriting and management capacity for…


iberdrola junta 2026

Iberdrola secures 98% support at AGM and re-elects Pedro Azagra as CEO

The chairman, Ignacio Sánchez Galán, has reiterated his €43 billion investment plan for the period 2026–2028, with which he expects to exceed €6.6 billion in net profit in 2026 and reach €7.6 billion in 2028. Reported by Editorial Team Iberdrola’s shareholders have approved all items put to the vote at the Annual General Meeting held this Friday, with an average approval rate of 98% and a attendance quorum of 74%,…


siete magnificas

Microsoft, Google, Amazon and Meta: how do hyperscalers monetise artificial intelligence?

It is becoming increasingly clear that the approach to monetisation differs significantly between companies, depending on four key pillars: monetisation, control of the technology chain, visibility into demand, and quality of spending. By Raphael Thüin Although they are usually grouped under the same investment theme linked to artificial intelligence, the hyperscalers are developing very different business models. Beyond the aggregate CAPEX figures, companies such as Microsoft, Alphabet, Amazon and Meta…


volality

PMIs and inflation focus of investors’ attention this week

Report by Renta 4 Flat opening on European markets (Eurostoxx futures down 0.2%, S&P futures up 0.3%, Nasdaq futures up 0.5%) and further gains in Asia (Japan’s Nikkei up 1%, South Korea’s Kospi up 4%) against the same backdrop of doubts over the Middle East deal and the AI boom. Brent is up 2% this morning at $93/bbl against the backdrop of a US-Iran deal still awaiting signature and several…


Ibex

Widespread gains on stock markets: Ibex 35 rises 0.46% to close week at 18,362 points

Reported by Jaime Sicilia Martínez The main European indices have risen on the back of encouraging signs of progress towards an extension of the ceasefire between the United States and Iran. Consequently, oil prices are falling, whilst shares linked to AI continue to rise, particularly those in the memory chip sector due to supply shortages. The Ibex 35 closed up 0.46% and the Euro Stoxx 50 fell by 0.1%. Over…


fluidra piscina

P/E ratio of 13x, free cash flow yield of 9%, Fluidra’s valuation looks attractive, say Jefferies

Analysed by Jefferies We foresee a more challenging outlook than expected for 2026, with high inflation, a likely different trajectory for interest rates and lower consumer confidence following events in the Middle East; however, we expect earnings to prove far more resilient than this year’s share price performance suggests (down 18% against a rise of 6% for the SXX). The valuation is now very attractive, with a P/E ratio of…