El Corte Inglés approves record dividend of 250 million euros

El Corte Inglés held its annual shareholders' meeting this Friday in Madrid, presided for the first time by Cristina Álvarez, and approved a dividend of around 250 million euros.

The company thus surpassed the 225 million euros distributed the previous year. Consolidated net profit reached 628 million euros in 2025, while recurrent profit stood at 522 million.

Cristina Álvarez announced that the board of directors will ratify in September an update to the strategic plan, with increased investments focused on business growth, logistics and Artificial Intelligence to personalize the customer experience.

Javier Catena was confirmed as chief executive officer. Revenue reached 14.988 billion euros, up 1.4 percent, and net financial debt fell by 148 million euros.

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Mexican executive signing a 2 billion dollar bond contract in a New York office, symbolizing Cox's US issuance after acquiring Iberdrola's Mexican assets.
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Cox completes 2 billion dollar bond issuance in the US

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The Mexican subsidiary of Cox ABG Group completed a 2 billion dollar bond issuance in the United States, two weeks after acquiring Iberdrola's assets in Mexico.

The board of El Corte Inglés has appointed Javier Catena as the new chief executive on Friday, at the proposal of president Cristina Álvarez.

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The ACS group has announced a 2% capital increase and the sale of shares totaling 2.173 billion euros to boost its strategic plan focused on digital infrastructure.

Plus Ultra's top executives have acknowledged to the judge that they paid a 1% commission for the 53 million euro state rescue granted in 2021.

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Hijos de Rivera, owner of Estrella Galicia, recorded revenue of 945 million euros in 2025. The company plans to grow through exports and new products despite market challenges.

Salvador Illa's government has submitted a budget project to parliament with record spending of 49.162 million euros for 2026, plus 893 million euros extra from agreements with ERC and the Comuns.

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At Empresas Copec's shareholders' meeting, president Roberto Angelini voiced support for José Antonio Kast's economic megareform and updated the Sucuriú project in Brazil to 60% progress. He stressed economic growth as essential for welfare and criticized delays in Chilean permits. Angelini also addressed the initial impact of recent fuel price hikes.

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