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The Corner

The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

Companies 4th June 2026

Meliã withdraws from management of 15 hotels in Cuba

Link Securities reports In light of the events and circumstances unfolding within the geopolitical, social, legal and economic context of the Republic of Cuba, Meliá Hotels (MEL), as part of its ongoing risk assessment process, announces that its subsidiary, the Portuguese entity “Ilha Bela Gestao E Turismo, Ltd”, has decided to immediately cease the provision of management and marketing services, as well as the licensing of our hotel brands, in…

Ibex, Markets 4th June 2026

Ibex 35 down 0.5%, Inditex (up 1.5%) and its quarterly results provide main support

Reported by Álvaro Romero Mateu European stock markets closed with moderate declines, influenced by the rise in oil prices and caution over the lack of progress in negotiations between the US and Iran. The IBEX 35 fell by 0.5%, the EuroStoxx 50 dropped by 0.9% and the STOXX 600 fell by 0.6%. In Asia, the session was mixed. In Japan, the TOPIX rose by 1.8% and China’s CSI 300 advanced…

In Spain 4th June 2026

Nearly 10 million living in poverty—on less than €12,200 a year—in Spain, which leads Europe in child poverty

This is according to the 16th Poverty Report 2026, prepared by the European Network Against Poverty and Social Exclusion in the Spanish State (EAPN-ES). The report highlights how high housing prices are dragging down economic improvement, noting that it would take seven years of sustained economic growth to reach the same average poverty levels as the EU. Spain leads economic growth in Europe, driven in part by the arrival of…

Markets 3rd June 2026

Alphabet preparing massive capital raise of $80 billion

Reported by Consejeros Editorial Team The company has announced that it will raise $80 billion, which it will use to fund its ambitious spending plans in artificial intelligence, ranging from the development of advanced models to the construction of the necessary infrastructure. The $80 billion, representing 1.7% of the company’s total market capitalisation, will be broken down as follows: $15 billion in a share issue; $15 billion in a 3-year…

Markets 3rd June 2026

41 stocks with “Buy” recommendation and five with “Sell” in June Consensus

Analysed by Patrivalor The stock market valuation of the Spanish companies analysed stood at €1,172,016.71 million at the end of May 2026, representing an increase of 5.48% compared to the end of 2025. The weighted average target price is €11.11, down by 8.8% compared to the previous year, whilst the weighted average market price is €10.78 (down by 10.7% compared to the previous year). Therefore, the weighted average discount between…

In the World 3rd June 2026

A questionable image for Federal Reserve Chair Warsh

By Deborah Cunningham The ability of the new Chair, Kevin Warsh, to lead the Federal Reserve will depend on the market believing that he is not beholden to President Trump. Being sworn in at a ceremony held at the White House has not done him any favours. It was the first time since President Reagan swore in Alan Greenspan that the ceremony took place there rather than at the central…

Companies, Ibex 3rd June 2026

Competition authority calls on government to ensure Aena reduces airport charges until 2031

Report by Renta 4 The Spanish Competition and Markets Authority (CNMC) has published its proposal for the upcoming regulatory period 2027–2031, DORA III. This proposal forecasts an average growth in air traffic of 2.2% (compared to 1.3% forecast by Aena and 3.6% forecast by the airlines), which would result in traffic of 366.7 million passengers by 2031, in line with our forecast. Furthermore, the regulator proposes a lower growth in…

Companies, Ibex 3rd June 2026

Inditex posts profit of €1.375 billion in first quarter (up 5.4%) and proposes dividend of €1.75

EBITDA grew by 7.3% to €2.568 billion, whilst EBIT increased by 7% to €1.756 billion and pre-tax profit also rose, specifically by 5.5%. Reported by Consejeros Editorial Team Inditex presented its first-quarter results on Wednesday, closing the period with a net profit of €1.375 billion, representing a 5.4% increase compared to the same period last year. The company has also announced that it will propose to the Annual General Meeting…

In Spain 3rd June 2026

Spanish judges demand respect from the government

The General Council of the Judiciary (CGPJ), the governing body of Spanish judges, has asserted “the need to respect the independence of the Judiciary” in the face of “disparagement” originating from “high state institutions.” The CGPJ’s Permanent Commission has approved an institutional declaration expressing its concern “over the statements” made by “officials of high state institutions that question the independence, responsibility, and submission to the law” of various “judicial proceedings.”…

European economy 2nd June 2026

Eurozone inflation rises to 3.2% in May, highest since 2023

Reported by Consejeros Editorial Team The rise in energy prices resulting from the war in the Middle East has driven up inflation in the Eurozone. In May, the Consumer Price Index (CPI) stood at 3.2%, up from 3% in April, according to preliminary estimates published by Eurostat, the statistical office of the European Union (EU). The figure, which is in line with expectations, puts further pressure on the European Central…

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