Articles by The Corner

About the Author

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.
bbva sabadell

BBVA denies reaching agreement with shareholder David Martínez to participate in takeover bid

Alphavalue/DIVACONS | On Friday, the president of the financial institution, Carlos Torres, denied that an agreement had been reached with Banco Sabadell shareholder and director (add Target Price €3.97/share) David Martínez to participate in the takeover bid for the Catalan institution. Martínez has written an article in El País and Cinco Días in which he states that the consolidation of Sabadell and BBVA will result in an institution that is…


Izertis Gijón

Izertis acquires Icalia and Icatd, specialists in software development and digital transformation

Link Securities | The company has signed an agreement to acquire the digital transformation business of the ICA Group through the acquisition of 100% of the share capital of the Spanish companies ICA Transformación Digital S.L.U. and Icalia Solutions S.L.U., specialising in software development, web applications and portals, and mobile applications, as well as digital transformation consulting, process digitisation, systems and application integration, and data intelligence, with a presence in…


españabilleteCM

General Council of Economists raises 2025 forecast for Spanish GDP growth to 3%

CdM | The General Council of Economists (CGE) has revised its GDP growth forecast for 2025 upwards to 3%, four tenths higher than its previous estimate, following the recent update by the National Statistics Institute (INE), the dynamism of the first two quarters of this year and the strong performance of domestic demand and the labour market, among other factors. This improvement is in line with those made by the…


oil

OPEC+ t increase oil production by 137,000 bpd from November onwards

Link Securities | The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to a modest increase in production, easing market fears of a larger rebound. On Sunday, the oil-producing alliance agreed to increase its production by 137,000 barrels per day (bpd) in November, matching October’s increase, with markets viewing the move as cautious amid persistent concerns about potential oversupply. OPEC+ described its latest move as…


telefonica gran via

Telefónica reportedly preparing redundancy plan affecting over 6,000 employees at the end of year

Bankinter | Telefónica (TEF) is preparing a redundancy plan based mainly on voluntary departures, which it will negotiate with the unions before the end of the year, according to media reports. The plan would affect more than 6,000 employees across all the group’s subsidiaries. Bankinter analysis team’s view: Telefónica will present its new Strategic Plan on 4 November. One of the points of the Plan is to simplify the group’s…


Companies restructuring

SME and Self-Employed Insolvencies Hit Record High, Growing 7% Through June

Insolvency proceedings (creditors’ voluntary arrangements) filed by Small and Medium-sized Enterprises (SMEs) and self-employed workers have once again reached a record high in the second quarter, increasing by 7.1% compared to the same period in 2024, to 2,642 filings. These insolvency proceedings thus mark their fifth consecutive year of increases for SMEs in the second quarter, dating back to 2020 when filings were partially suspended due to the COVID-19 pandemic…


Pharmamar

FDA approves Zepzelca (Pharma Mar) + Tecentriq (Roche) combination therapy for treating lung cancer

Bankinter | The FDA has authorised the combination therapy as a first-line maintenance treatment for adults with advanced small cell lung cancer, following platinum-based therapy. Bankinter analysis team’s view: Positive news, Zepzelca was approved as a second-line treatment, now it moves to first-line and maintenance, making it the first choice for oncologists. This approval should be reflected in an increase in royalty income, direct sales of the drug and sales…


empleo eurozona 1

Eurozone unemployment rate rises to 6.3% in August, aggregate increase of 11,000 workers

Intermoney | The unemployment rate rose by one tenth of a percentage point in August to 6.3% across the Eurozone as a whole. We could have guessed this once we saw the data, which was somewhat unfavourable and showed an increase of 14,000 in the number of unemployed. At the aggregate level for the eurozone, this increase was 11,000, offset by other more moderate readings. However, we continue to see…


Endesa nocturnal

Endesa sells 49.99% of EGPE Solar 2 to Masdar

Link Securities | Endesa has closed a deal with Masdar, a leading clean energy company in the United Arab Emirates, to sell a minority stake equivalent to 49.99% of the share capital of EGPE Solar 2, a wholly-owned entity that brings together four of Endesa’s photovoltaic assets in operation in Spain, with a total installed capacity of around 446 MW. Under the agreement signed on 24 March 2025, Masdar has…


bbvasabadell

One week before deadline for accepting offer, BBVA secures 10% of Sabadell’s capital

Link Securities | Preliminary figures on the percentage of Sabadell shareholders accepting BBVA’s takeover bid suggest that the Basque bank has secured 10% of the Catalan bank’s capital, according to today’s edition of Expansión newspaper. With one week to go before the offer acceptance deadline, BBVA has secured 3.86% from Mexican investor David Martínez and around 30% from index funds, which account for 20% of Sabadell’s capital, and 1% from…