Spain And Uk Finance News Round-up, November 12

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Finance news. Credit: Pavel Danilyuk, Pexels

Lloyds AI

LLOYDS Banking Group highlighted its advancement successful integer and AI translator during a November 6 investor seminar, pinch CEO Charlie Nunn revealing nan slope now ranks among nan world’s apical 20 integer banks. Chief Operating Officer Ron van Kemenade said complete 60 per cent of £1.5 cardinal successful costs savings stem from AI-driven efficiencies. The slope intends to present 50 caller generative AI usage cases successful 2025, positioning itself arsenic nan UK’s integer and AI leader.

Fitch Ratings

SPAIN received a sovereign in installments upgrade from Fitch Ratings connected November 10, reflecting nan country’s economical outperformance and improved outer resilience. The agency said Spain’s advancement contrasts pinch fiscal deterioration seen successful respective bluish European economies. Fitch noted that nationalist finances were nan main driver successful astir 2025 standing actions, but Spain stood retired for growth-led stability. The upgrade supports Spain’s position among confederate European outperformers, including Greece, Cyprus, and Ireland, maintaining affirmative fiscal and indebtedness trajectories.

Fraud evolution

AI is accelerating fraud alternatively than reinventing it, according to UK Finance, which warns of a 17 per cent surge successful UK fraud losses to £629 cardinal successful nan first half of 2025. Generative AI now enables criminals to industrialise phishing and malware campaigns, scaling scams for illustration businesses. While deepfakes pull attention, experts opportunity AI-enhanced malware poses nan greater threat. UK Finance urges banks to merge cybersecurity and fraud teams, adopting predictive, AI-assisted defences to enactment ahead.

Pound interest

TRADERS are showing renewed liking successful nan British lb aft weaker UK jobs information raised expectations of a BOE complaint cut, reports Traders Union. The unemployment complaint roseate to 5 per cent – its highest since early 2021 – while costs maturation slowed to 4.6 per cent, according to nan ONS. Analysts opportunity nan cooling labour marketplace could thief bring ostentation person to target by year-end.

Amenitiz growth

BARCELONA-based Amenitiz has raised €38.9 cardinal successful Series B funding, expanding its scope to 15,000+ independent hotels and processing complete €3 cardinal successful bookings crossed Europe. The information was led by Kfund’s Leadwind, pinch information from Thayer Ventures, Columbia Lake Partners, and existing investors specified arsenic Eight Roads and Point9, reports EU-Startups. CEO Alexandre Guinefolleau said nan backing will accelerate AI-driven invention and caller gross devices to thief mini hoteliers compete pinch world chains. Founded successful 2017, Amenitiz has grown astir fourfold since 2022, positioning itself arsenic Spain’s starring hospitality SaaS level for independent hotels crossed Europe.

Naturgy deal

SPANISH power institution Naturgy has signed a 20-year liquefied earthy state (LNG) proviso statement pinch U.S.-based Venture Global, securing 1 cardinal tonnes of LNG annually from nan CP2 works successful Louisiana starting successful 2030. The woody strengthens Naturgy’s diversified power portfolio amid ongoing geopolitical uncertainty and underscores nan domiciled of state arsenic a span substance successful nan power transition. Jon Ganuza, Naturgy’s Director General of Supply, said nan statement ensures a secure, flexible, and competitory proviso for customers. Naturgy operates successful much than 20 countries, serving 18 cardinal customers and managing 1 of Europe’s largest state proviso portfolios.

Quantum launch

BARCELONA institution Qilimanjaro Quantum Tech has opened Europe’s first Quantum Data Centre, which will big up to 10 supercomputers utilizing next-generation quantum technology. The centre combines different types of computing to lick problems faster and much efficiently.

Beckham’s Law

A caller Times report suggests Scotland should present a “Beckham-style” taxation break to pull world tech entrepreneurs. The proposal, inspired by Spain’s 2005 rule offering little taxes to caller residents, could thief capable skills gaps and create up to 138,000 tech jobs, researchers said.

Andalucian fashion

SEVILLE celebrates Andalucian productivity pinch nan accumulation “Andalusian Fashion successful 21st Century Culture” astatine nan Royal Artillery Factory. Open until December 8, it unites 18 designers from crossed Andalucia and is backed by Spain’s Ministry of Culture and nan Seville City Council.

Gastronomic investment

THE Bernabéu Market, a €multi-million finance by Amicalia Group, has opened wrong Real Madrid’s revamped stadium, boosting its commercialized gross strategy. The 3,000-square-metre gourmet hub hosts 25 high-end nutrient brands, Spain’s largest Starbucks, and a Mahou microbrewery expected to pull 400,000 visitors annually.

Agri investment

MURCIA’S IFEPA Exhibition Centre will big HortiFruit 2025 from November 20–22. Bringing together complete 300 exhibitors and world buyers, nan adjacent promotes trade, technology, and export maturation successful Europe’s cardinal horticultural hub, reinforcing Murcia’s €3 cardinal consequence and rootlike economy.

Post Office

THE Post Office has extended its statement pinch Fujitsu to usage nan scandal-hit Horizon IT strategy until March 2027, contempt its domiciled successful wrongful prosecutions of sub-postmasters. A caller supplier will beryllium chosen by July 2026 arsenic portion of efforts to move distant from Horizon.

Diageo CEO

DIAGEO PLC, nan London-based world drinks elephantine down Johnnie Walker, Guinness and Smirnoff, has appointed Sir Dave Lewis arsenic its caller Chief Executive Officer, effective January 1, 2026. The erstwhile Tesco CEO will win Nik Jhangiani, who has served arsenic interim chief.

Atlético & Apollo

ATLÉTICO DE MADRID has reached an statement for Apollo Sports Capital (ASC) to go its mostly shareholder, marking a awesome finance successful nan Spanish club’s future. Current leaders Miguel Ángel Gil and Enrique Cerezo will stay arsenic CEO and President, ensuring continuity. The deal, expected to adjacent successful Q1 2026, will money Atlético’s semipermanent projects, including nan eager Ciudad del Deporte sports and intermezo analyzable adjacent to nan Riyadh Air Metropolitano Stadium. Apollo, a starring world finance firm, said its business will fortify Atlético’s financial base, competitiveness, and organization effect while preserving nan club’s traditions and world legacy.

Data innovation

EXPERIAN has launched Credit + Cashflow Score, nan first exemplary to merge credit, rate flow, and replacement information into a azygous metric. Expected to amended lending accuracy by complete 40 per cent, it expands in installments entree utilizing unfastened banking insights and precocious analytics.

Black Friday

UK unit income roseate conscionable 1.6 per cent successful October, beneath nan 12-month mean of 2.1 per cent, arsenic consumers delayed spending up of Black Friday, according to nan British Retail Consortium. Food income grew 3.5 per cent, but volumes remained flat.