Spain And Uk Finance News Round-up, August 26

The latest finance, business, and tech news from Spain and nan UK.

Rolser trolleys

SPANISH shopping trolley marque Rolser, founded successful 1966, now sells successful much than 60 countries, pinch 63 per cent of Spanish homes owning one, Monocle reports. Co-CEO Vicent Server said, “We person very typical ties to this land… we threw our support down nan group of this area and tried to foster an manufacture that wasn’t tourism.”

This summer, Rolser launched a run to observe stepping and conscious lifestyles. Once seen arsenic old-fashioned, are trolleys now stylish?

BBVA Growth

BBVA has group retired plans to turn its business successful each marketplace betwixt 2025 and 2028, aiming for astir €48 cardinal successful profit, nan slope announced connected August 25. In Spain, lending is forecast to emergence 5 per cent annually. Net liking income is forecast to rise, while revenues should spot debased to mid single-digit growth. BBVA besides targets an ratio ratio of 30–33 per cent and a 4 per cent return connected risk-weighted assets.

Micro-LED surge

LONDON-BASED Haylo Labs has acquired Plymouth’s Plessey Semiconductors, nan UK master successful embedded micro‑LED show technology, Semiconductor Today reports. Haylo Labs plans to put complete £100m successful nan UK complete nan adjacent 5 years to boost accumulation capabilities and grow nan workforce.

David Hayes, Haylo Labs’ CEO and co‑founder, says, “Plessey has built nan world’s astir precocious micro‑LED platforms … pinch exertion and talent that surpasses rivals anyplace globally.”

This acquisition could people a turning constituent for UK tech.

Cybersecurity clash

SPAIN’S authorities has suspended a €103m cybersecurity statement awarded to MasOrange aft a ineligible situation from Telefónica, Economía Digital reports. The conflict centres connected Lot 3 of nan CORA III project, covering interconnection of authorities information centres and integer security. Telefónica argues nan tender process lacked transparency and fairness.

With nationalist cybersecurity astatine stake, should mega-contracts for illustration this beryllium dispersed much wide for resilience?

Taqa buys GS Inima

ABU DHABI’S Taqa will get Madrid-based GS Inima, a starring desalination and h2o curen firm, for $1.2bn (€1.025bn), La Vanguardia reports. The deal, agreed pinch South Korea’s GS Engineering & Construction, is expected to adjacent successful 2026 pending approvals.

GS Inima runs astir 50 projects successful 10 countries and past twelvemonth posted €389m successful gross and €106m EBITDA. The acquisition strengthens Taqa’s world h2o portfolio, boosting desalination, wastewater, and business curen capacity.

Hospitality hit

UKHospitality says restaurants, pubs, bars and hotels person mislaid 89,000 jobs since October – 53 per cent of nationalist losses. Chair Kate Nicholls called nan figures “staggering” and warned closures could lucifer Covid levels unless taxes and business rates are urgently cut.

TikTok UK revenue

TIKTOK’S UK revenues jumped 38 per cent successful 2024 to $64bn, filings show, arsenic TikTok Shop became nan nation’s 4th biggest beauty retailer. With 30m UK users, 1.5m businesses and 3,000 staff, nan app’s early remains nether governmental scrutiny.

Gas export

MOROCCO became Spain’s biggest state customer successful June 2025, buying 858 GWh – 35.5 per cent of exports. France followed pinch 14.6 per cent. Despite exports falling 40 per cent year-on-year, analysts opportunity Morocco’s increasing stock signals person Madrid-Rabat power ties amid shifting world markets.

Statistic of nan week

The full worth of Spanish startups has exceeded 110 cardinal euros for nan first time, doubling its size since 2020.

View each finance news.

View each news from Spain.

View each UK news.