BUSINESS EXTRA Done deal FINANCE

Outlook cloudy

SUPERDRY no longer expects to make a profit this year and may have to raise new funds. Poor weather had resulted in less demand for the compa‐ny’s new spring‐summer col‐lection and sales had been hit by the cost of living crisis hit, the British fashion brand ad‐mitted.

Tax facts

MULTINATIONAL companies pay corporation tax averaging 21.8 per cent in Spain, more than seven percentage points below the European Union’s 29.03 per cent. Meanwhile, more than half of large Span‐ish groups pay corporation tax amounting to less than 20 per cent according to tax authority Hacienda.

CBI shamed

THE British Insurance Brokers’ Association, representing 1,800 insurance brokers and intermediaries, left the scan‐dal‐hit Confederation of British Industry (CBI) following sexual assault allegations against se‐nior staff. The CBI admitted that some members had left but stressed this was only in “single‐digit” numbers.

Gas cash

SPANISH engineering and con‐struction companies Tecnicas

Reunidas, FCC and Turkey’s Enka secured a €1 billion con‐tract to build one of Ger ‐many’s three planned regasifi‐cation plants for liquid natural gas (LNG) near Hamburg. An‐other Spanish company, Sener y Cobra, will be responsible for another in Brünsbuttel.

Charge sheet

LESS than 12 years before the first ban on diesel engines comes into force, the UK has no public electric chargers or hydrogen refilling station for lorries. Lack of infrastructure makes it impossible for opera‐tors to decarbonise their fleets, the Society of Motor Manufacturers and Traders (SMMT) warned.

is the amount that Inditex was worth on April 17 as shares rose by 1.22 per cent, putting the fashion chain ahead of power company Iberdrola and Santander bank.