Connect with us

%

Spain And UK Finance News Round-Up, January 8

Published

on

spain-and-uk-finance-news-round-up,-january-8

Finance news. Credit: Pavel Danilyuk, Pexels

Inflation slows

Spanish inflation eased at the end of 2025, offering modest relief. The Consumer Price Index fell to 2.9 per cent in December, mainly due to lower petrol and diesel prices and favourable year-on-year comparisons. Leisure and culture prices also rose less than a year earlier, while food prices pushed inflation higher. Average inflation for 2025 stood at 2.7 per cent marginally below 2024, supporting a recovery in purchasing power and setting the benchmark for 2026 pension rises. Core inflation averaged 2.3 per cent but rose to 2.6 per cent in December, remaining broadly in line with ECB targets.

Airbus arms deal 

Airbus (AIR) has secured a contract under Spain’s special modernisation programmes (PEM) to manufacture 18 C295 military transport aircraft, replacing older CN235 and C212 models. The contract, supported by a €1.04 billion loan and an additional €520 million for teaching technologies, will see deliveries for training and transport from 2026–2028, and paratrooper and cargo operations from 2030–2032. PEM also benefits INDRA (IDR) and Navantia, strengthening Spain’s defence sector.

BBB rating intact

Banc Sabadell’s credit rating has been downgraded due to divestment delays and weakening performance. Its BBB rating remains intact and the expected impact is minimal. The company remains active in asset rotation, having divested €2.4bn since July 2024. Ongoing plans and additions will preserve its investment grade rating.

Self-employment strain 

The ATA expects 2026 to see 25,000–27,000 more self-employed workers, a 0.7–0.8 per cent increase, though 30 per cent ended 2025 with losses due to higher taxes. ATA estimate Self-employed workers spend 200 hours yearly on bureaucracy, costing €10 billion.

Employment growth in 2025 was concentrated in large firms, while small businesses and traditional sectors declined. ATA forecasts total employment growth of 0.9–1.1 per cent (250,000 jobs) and unemployment dropping to 10 per cent if small businesses receive direct support. GDP is projected to grow 2–2.2 per cent with inflation around 2.2–2.3 per cent.

Kraken sale 

British company, Octopus Energy, has sold a $1bn stake in its Kraken software arm, valuing it at $8.65bn and paving the way for a possible IPO. Despite 10 per cent revenue growth to £13.7bn, Octopus posted a £260m pre-tax loss, citing higher costs and lower energy demand.

Pollution fee 

In 2026, Spanish gas, electricity, and oil companies must contribute €1.871 billion to the National Energy Efficiency Fund (FNEE), an 83 per cent increase from 2025. Repsol (€440M), Endesa (€223M), Iberdrola (€163M), and Naturgy (€161M) represent 52 per cent of this. Created in 2014, the FNEE funds energy-saving initiatives, with fees based on polluting companies’ sales. Up to 92 per cent can be offset via Energy Saving Certificates, alongside renewable energy subsidies. Consultation ends 16 January 2026.

Mobilising savings

Spain has launched a consultation on EU’s SIA and the “Finance Europe” label, aiming to mobilize Spain’s €1 trillion in deposits. Modelled on Sweden’s ISK and Italy’s PIRs, the SIA would allow tax-efficient investment in stocks and bonds to fund key programs, with each country defining its own rules.

Market under pressure 

2025 marked record sales (715,000) yet Spain’s housing market is under pressure as prices per square meter exceed €2,156. In 2026, property prices are expected to rise 6–8 per cent, while rents could climb up to 12 per cent, impacting households by around €1,735 annually. Supply shortages persist due to limited land and slow construction. New construction will add only 420,000 homes over three years, far below the 700,000-home deficit, fueling demand-driven price growth and investor interest.

Caixa payment plans

CaixaBank introduces interest-free instalment payments on Facilitea, splitting purchases into four payments. Clients with domiciled income can receive a 5 per cent cashback, or up to 10 per cent on select products. The initiative strengthens CaixaBank’s strategic focus on Facilitea, enhancing a seamless, digital shopping experience.

Supermarket expansion

Supermarket Income REIT (SUPR) has acquired three UK supermarkets for £97.6 million, targeting Tesco Aylesbury (£56.3m, 5.2% yield), Sainsbury’s Sale (£33.8m, 5.9% yield), and Waitrose Frimley (£7.6m, 6.2% yield). All have long trading histories, triple-net leases with RPI/CPI-linked rent reviews, and unexpired terms of 11–16 years. Funded via existing debt, the portfolio’s pro-forma LTV is 43%, WAULT 12 years, and 75% of tenants are investment grade, supporting SUPR’s growth and earnings strategy.

Eclipse sale agreement

Empire Metals has entered a conditional agreement to sell its 75 per cent interest in the Eclipse Mining Lease near Kalgoorlie for A$750,000. The three-month due diligence period allows the purchaser to complete technical assessments. The sale supports Empire’s strategy to focus resources on the Pitfield Titanium Project.

Digital banking dominates

Digital banking remains dominant in Spain with 80.8 per cent of internet users using mobile banking, exceeding EU’s 63.9 per cent average. These figures are set to rise ,as online banking becomes the standard with 94.9 per cent forecasted by 2030.

Online banking has become a key part of customers routine’s, 95 per cent have banking apps installed, 43 per cent check it daily and 42 percent access the apps multiple times a week.

Digital features like automatic alerts and income and expense visualisation are key reasons for online banking’s success, not to mention the ease and efficiency it offers users. Customers expect AI will improve financial management in 2026.

Sustainable finance 

In 2025, BBVA advanced sustainable finance across energy, textiles, agribusiness, housing, and hard-to-abate sectors, offering sustainability-linked loans, bonds, and efficiency financing. The bank supported social-impact initiatives and biodiversity projects, aiming to mobilise €700 billion in sustainable business by 2029 while progressing toward net-zero emissions by 2050 with sector-specific targets.

Billionaire Beyoncé 

Forbes has declared Beyoncé a billionaire, after previously estimating her net-worth at  $800m (£593m). She joins an elite group as the fifth musician to join Forbes’s list of world’s wealthiest people. The list includes her husband, Jay-Z who has an estimated net worth of $2.5bn (£1.85bn).

Elder workforce

In 2025, Spain’s unemployment rate for people over 55 reached 9.8 per cent, 0.4 percentage points higher than for over-25s, reversing historical trends of lower older-worker unemployment. Long-term unemployment affects 57.9 per cent of this group. While their average salary is €30,038, new older employees earn only €19,558, underscoring significant employability challenges.

Imports reduce inflation 

UK economists expect cheaper Chinese imports, which reached over $1tn for the first time, to reduce UK inflation as US imports are diverted due to Trumps tariffs. Chinese exports rose 9 per cent in the UK, US exports fell 29 per cent. China is the UK’s largest market for imports with £70bn shipped by June.

View all finance news.

%

British Retailer TK Maxx Set To Open First Spanish Store This 2026

Published

on

british-retailer-tk-maxx-set-to-open-first-spanish-store-this-2026

The entry into Spain is part of TK Maxx’s broader European expansion strategy. Photo credit: OleksSH/Shutterstock

TK Maxx, the British off-price fashion and homeware retailer, is preparing to enter the Spanish market for the first time, with plans confirmed for the opening of its debut store in Barcelona this spring. The store will be located in the Diagonal Mar shopping centre, marking the brand’s first presence in Spain.

The opening represents a major step for TK Maxx, part of the TJX Companies group, one of the world’s largest off-price retailers. While the brand is established in countries including the UK, Germany, Italy and the Netherlands, Spain has until now remained absent from its European network.

Location and timing

Diagonal Mar chosen for debut

The Barcelona store will occupy a prime location in Diagonal Mar, one of the city’s largest shopping centres, situated close to the seafront and well connected to public transport. The choice of site reflects TK Maxx’s strategy of launching in high-traffic urban retail destinations when entering new markets.

Preparations for the store are already underway, including interior fit-out and merchandising plans. The opening is scheduled for spring, although an exact date has not yet been announced. Retail analysts note that the timing coincides with the peak season for consumer spending and tourism in Barcelona.

Retail concept

Off-price fashion and homeware

TK Maxx operates an off-price retail model, offering branded clothing, footwear, accessories and homeware at discounted prices. Products are sourced from a wide range of international brands, with stock rotating frequently to encourage repeat visits.

The Barcelona store will follow the same format as other European outlets, combining fashion for men, women and children with home décor and lifestyle products. Prices are typically lower than traditional retail due to opportunistic buying and short-term purchasing cycles. The store will also provide seasonal and limited-edition products unique to each location.

Strategy behind the move

Spain added to European growth plans

The entry into Spain is part of TK Maxx’s broader European expansion strategy. Spain represents a significant retail market with strong tourism, high urban footfall and a well-developed shopping centre network. Analysts highlight that the off-price retail model has gained popularity in Europe, particularly during periods of economic uncertainty, as consumers increasingly seek branded goods at lower prices. TK Maxx’s arrival is expected to boost competition in Spain’s value and discount fashion sector.

Local impact

Jobs and commercial activity

The launch of the Barcelona store is expected to generate new retail jobs, though exact employment figures have not been disclosed. The opening will also strengthen Diagonal Mar’s retail offering by introducing an internationally recognised brand to the Spanish market.

If the Barcelona store performs successfully, TK Maxx may consider expanding to other Spanish cities, although no additional locations have yet been confirmed. The company is expected to monitor customer demand closely before announcing further openings.

What is confirmed so far

  • TK Maxx, a British retailer, will open its first Spanish store in Barcelona in spring.
  • The store will be located in the Diagonal Mar shopping centre.
  • It will offer discounted branded fashion and homeware.
  • This marks TK Maxx’s official debut in the Spanish market.

Looking ahead

A test case for future expansion

The Barcelona store will serve as a benchmark for TK Maxx’s long-term prospects in Spain. Success could pave the way for further openings in major urban centres, signalling growing confidence in Spain’s retail recovery.

As preparations continue, attention will focus on how Spanish consumers respond to a brand that is well-established across Europe but only now making its debut on Spanish soil.

Continue Reading

%

Rhythm Shakers Rock’n’roll At La Cochera

Published

on

rhythm-shakers-rock’n’roll-at-la-cochera

The Rhythm Shakers. Credit: RS FB

Get ready to shake, rattle, and roll! International rockabilly sensations The Rhythm Shakers are bringing their powerful, savage rockabilly straight from Los Angeles to the heart of the Costa Tropical. The band is scheduled to perform live at the iconic venue La Cochera on Saturday, January 24, promising an unforgettable night of electrifying rhythms, blistering guitars, and powerhouse vocals that will have the dance floor packed and sweating.

Fronted by the dynamic and fierce Marlene Perez, whose raw, soulful voice draws comparisons to Tina Turner and Wanda Jackson, The Rhythm Shakers deliver an explosive blend of late-1950s rockabilly, classic rock ‘n’ roll, early ’60s blues, and guitar-driven energy. The band isn’t stuck in the past—they’re a modern force, mixing vintage swagger with contemporary fire. With albums like Flipsville, Voodoo, and Panic! under their belt, they’ve toured the globe, rocking major festivals including Viva Las Vegas (USA), Rockabilly Rave (UK), Sjock Festival (Belgium), and High Rockabilly (Spain).

La Cochera – most rock’n’roll venue in Costa Tropical

La Cochera, famed as one of the most rock ‘n’ roll spots on the Costa Tropical, boasts an intimate, eclectic atmosphere with a wild garden, candlelit vibes, craft beers, tasty bites, and a history of hosting energetic international acts. After the post-holiday lull, this gig is the perfect way to kick-start the year with pure adrenaline. Doors will open in the evening, with the band taking the stage to deliver a set packed with crowd-pleasers and originals that keep fans coming back.

For both long-time rockabilly devotees and those just craving a night of high-energy live music, this is an event not to miss. The Rhythm Shakers’ shows are legendary for their intensity – expect dancing, sweat, and rock ‘n’ roll magic that lingers long after the final note.

La Cochera is located at Paseo Andrés Segovia 45, La Herradura, Almuñecar.

Continue Reading

%

Brussels Says It Is Ready To Respond As Trump Raises Tariff Threats

Published

on

brussels-says-it-is-ready-to-respond-as-trump-raises-tariff-threats

The Commission confirms that it retains a range of trade defence instruments. Photo credit: Carlos110/Shutterstock

The European Union says it is prepared to respond to any new trade measures imposed by US President Donald Trump, while stressing that restraint and dialogue remain its preferred approach as tensions over tariffs return to the political agenda.

Speaking in Brussels, European Commission officials confirm that the EU has the necessary tools to protect its economic interests if Washington proceeds with new tariffs. At the same time, they underline that escalation is not the bloc’s first choice, warning that retaliatory measures could harm businesses and consumers on both sides of the Atlantic.

A Commission spokesperson states that “sometimes the most responsible course of action is moderation,” reflecting the EU’s position that leadership requires caution rather than immediate confrontation.

Preparedness Without Provocation

Trade Defence Tools Remain Available

EU officials say the bloc is fully prepared to respond if the United States introduces new trade barriers targeting European products. The Commission confirms that it retains a range of trade defence instruments, including retaliatory tariffs and legal action through international trade mechanisms.

However, the emphasis from Brussels remains on avoiding a trade war. Officials stress that the EU’s priority is to maintain open channels of communication with Washington and to prevent further escalation that could disrupt global supply chains.

The Commission reiterates that any response would be proportionate and in line with international trade rules, adding that defending European economic interests does not automatically mean pursuing confrontation.

Calls for Dialogue Continue

EU Seeks Engagement With Washington

The European Commission says it continues to seek dialogue with the United States and hopes to resolve disputes through negotiation rather than punitive measures. Officials indicate that contacts between EU and US representatives are ongoing, even as rhetoric around tariffs intensifies.

Brussels maintains that cooperation between the EU and the US remains essential, particularly given their close economic ties and shared interests in global stability. The Commission notes that both sides benefit from predictable trade relations and warns that renewed tariff disputes risk undermining years of cooperation.

EU officials also point out that previous trade tensions resulted in economic uncertainty, reinforcing the need for careful handling of the current situation.

Trump’s Trade Stance Raises Concerns

Fears of Renewed Tariff Conflict

President Trump has previously signalled a willingness to impose tariffs on foreign imports as part of his trade policy, a stance that has raised concerns among European leaders. While no new measures have yet been formally announced, the Commission acknowledges that preparations are necessary given past experience.

Officials in Brussels say they are monitoring developments closely and assessing potential impacts on key European industries, including manufacturing, agriculture and automotive sectors. The Commission confirms that contingency planning is underway in case trade measures are introduced.

Despite this, EU representatives avoid predicting specific outcomes, reiterating that their objective is to prevent escalation rather than anticipate conflict.

Coordinated EU Position

Member States Aligned

The Commission says its stance reflects a coordinated position agreed with EU member states. Officials confirm that national governments are being kept informed and that any response to US action would be taken collectively.

Brussels stresses that unity among member states is essential when dealing with external trade challenges. The Commission adds that the EU’s strength lies in its ability to act as a single economic bloc when defending shared interests.

Member states have broadly supported the Commission’s approach of readiness combined with restraint, according to EU officials.

Key Points

  • Brussels says it is prepared to respond to any new US trade measures.
  • The European Commission stresses moderation and dialogue over escalation.
  • EU trade defence tools remain available if needed.
  • Officials warn that tariff escalation would harm businesses and consumers.
  • Member states support a coordinated EU response.

EU officials reiterate that their position is not one of passivity but of calculated responsibility. They confirm that the bloc will act if required, but only after exhausting diplomatic options aimed at preventing further tension.

As the situation develops, Brussels continues to balance preparedness with restraint, signalling that while the EU is ready to defend its interests, it remains committed to maintaining stable transatlantic relations and avoiding a renewed trade conflict.

Continue Reading

Trending

Copyright © 2017 Spanish Property & News