Finance news and archive

European fashion stocks decline amidst Middle East conflict

Madrid – Major European fashion companies are holding their breath, waiting to see how markets and their shares will evolve following the outbreak of the new military conflict between the US and Israel against Iran. The war has unleashed instability in the Persian Gulf region. This has been fraught with uncertainty since last Saturday, which...

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Inditex shares reach new all-time high amid strategic buyback and super bowl visibility

Madrid – The Spanish group's main chain made headlines worldwide last week for its high-profile collaboration with Bad Bunny at the Super Bowl. The Puerto Rican artist was crowned the artist with the “greatest impact” in the history of the sporting event. It is now essential to examine how investors and the market have valued this impact....

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Nextil welcomes Maxum to capital structure, launches circular fashion vertical NextGreen

Madrid – Nextil Group continues its journey towards growth and improved profitability. The Spanish textile multinational has announced a new strategic agreement with US-based Maxum International Group. This binding partnership strengthens existing ties between the two companies. It guarantees support for the launch and growth of NextGreen, a new...

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JP Morgan cuts Puig's share value to 12.50 euros, hitting a new stock market low

Madrid – Shares for the Spanish fashion and beauty group Puig hit a new all-time low during trading on Thursday, October 9, plummeting by 6.70 percent. This sharp decline was triggered by a major shift in stance from US investment bank JP Morgan, which reportedly cut its valuation of Puig's share price by 50 percent. The bank drastically lowered...

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Nextil improves credit rating, eyes expansion in Portugal and Guatemala

Madrid – Following a period of strong financial results and a strengthened balance sheet, Spanish textile company Nextil is accelerating its 2024–2026 Strategic Plan. The plan is centred on three key initiatives: improving its credit rating, expanding operations in Portugal through acquisitions, and increasing production capacity at its plant in...

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Nextil sells Portugal production facilities in 4.4 million euros deal

Madrid – Spanish textile multinational Nextil, which currently operates its main production hubs in Portugal and Guatemala, is continuing to optimise its business model with the sale of all its production facilities in northern Portugal. This transaction, executed under a sale and leaseback agreement, allows the company to continue operating at...

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El Corte Inglés reduced its international business by 20 percent and laid off over 900 employees in a year

Madrid - Following multiple confirmations of its positive trajectory and the announcement of its best revenue figures in 14 years for fiscal year 2024, El Corte Inglés has now released its consolidated accounts, providing a comprehensive view of its global business model. This detailed disclosure follows the department store giant's commitment...

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China deploys its financial arsenal to green its industry

When one thinks of China, one rarely imagines a leader in the green economy. However, while Europe retains a certain lead in ecological transition, Beijing fully intends to reverse the trend. The government is investing massively in low-carbon projects. It is prioritising financing sectors deemed useful for the transition. It is now deploying an...

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El Corte Inglés completes 500 million euro debt issuance

Madrid – El Corte Inglés, the Spanish department store group, has successfully completed a debt issuance totalling 500 million euros. The placement was executed through a bond issue with an interest rate of 3.5 percent and a maturity date in July 2033. According to details provided by the Spanish company's management, the transaction received...

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A turning point: cryptocurrencies on US congress agenda

New York, July 15, 2025 – The US House of Representatives is expected to vote this week on several cryptocurrency regulation bills. This follows the impetus given by Donald Trump, seen as a blessing by the sector. After years of procrastination and a series of legislative proposals that failed to materialise, Congress is prioritising this issue...

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Inditex announces board changes as José Arnau Sierra retires; Roberto Cibeira Moreiras to join

Madrid - Coinciding with the release of its first-quarter 2025 financial results, Spanish fashion multinational Inditex announced the departure of its non-executive vice chairman, José Arnau Sierra, from its board of directors. This decision stems from his retirement from Pontegadea, Amancio Ortega’s holding company. According to a statement...