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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, Ibex 29th May 2026

P/E ratio of 13x, free cash flow yield of 9%, Fluidra’s valuation looks attractive, say Jefferies

Analysed by Jefferies We foresee a more challenging outlook than expected for 2026, with high inflation, a likely different trajectory for interest rates and lower consumer confidence following events in the Middle East; however, we expect earnings to prove far more resilient than this year’s share price performance suggests (down 18% against a rise of 6% for the SXX). The valuation is now very attractive, with a P/E ratio of…

Companies, In the World 29th May 2026

‘The Trillion-Dollar Club’: there are now 15 companies with market capitalisation exceeding one trillion dollars

A new all-time high for Micron and a 10% rally in SK Hynix have expanded the select list of the ‘Trillion-Dollar Club’ to 15 companies, a third of which belong to the semiconductor sector. Report by Morgan Stanley Following the new all-time high reached on Tuesday by Micron, the company has joined for the first time the exclusive group of firms with a market capitalisation exceeding $1 trillion – a…

In Europe, Markets 29th May 2026

Europe’s defence sector

On the final day of the Medcap Forum 2026, several defence experts addressed the challenges facing the sector, agreeing that, despite this being a historic moment for defence spending, we are hampered by the fragmentation of European management. By Consejeros Editorial Team Is Europe ready to compete in defence? Yes, but not by much. That is the conclusion that can be drawn from the reflections of the specialists who opened…

In Spain 29th May 2026

The most common salary in Spain: €16,520

In Spain, the average gross salary grew by 5.3% in 2024, reaching €29,540.2 per year, marking 11 consecutive years of increases. However, according to the “2024 Wage Structure Survey” published this Thursday by the National Statistics Institute (INE), many low-income workers have shifted into the €16,000–€17,000 annual range, making this salary bracket the most frequent in 2024. Consequently, the most common salary in Spain in 2024 was €16,520.2 gross, which…

Spanish economy 29th May 2026

Preliminary inflation in Spain for May remains at 3.2% amid energy crisis caused by war in Iran

Reported by Consejeros Editorial Team The CPI maintained its year-on-year rate at 3.2% in May and has now been above 3% for three consecutive months amid the energy shock caused by the war in Iran, according to data released on Friday by the National Statistics Institute (INE) and reported by Europa Press. The agency explained that in May’s inflation performance, transport and recreational activities, sport and culture pushed prices up,…

Ibex 28th May 2026

Europe closes lower: Ibex 35 falls 0.55% and drops below 18,300 points

Reported by Álvaro Romero Mateu European stock markets closed with moderate declines, influenced by the rise in oil prices and uncertainty over negotiations between the US and Iran. The Ibex 35 fell by 0.6%, the EuroStoxx 50 dropped by 0.3% and the STOXX 600 fell by 0.6%. In Asia, the session was mixed. In Japan, the TOPIX fell by 0.4%; in South Korea, the KOSPI dropped by 0.5%; in Hong…

World economy 28th May 2026

Three months since start of Iran war: Global GDP set to grow 3.1% in 2026, Eurozone and Asian economies to bear brunt of adjustment

This Thursday marks three months since the start of the Iran war, whilst peace negotiations continue – negotiations that do not appear to be bearing fruit. Meanwhile, the energy crisis continues to take its toll on the global economy. In fact, Scope Ratings forecasts that “the price of oil will average around $100 per barrel in 2026 and that, from then on, it will fall only gradually, remaining in 2027…

Ibex 28th May 2026

Sabadell shares price in special dividend of €0.50 per share linked to sale of TSB

Report by Singular Bank Banco Sabadell was one of the day’s key players as the stock market priced in the special dividend of €0.50 gross per share to be paid on 29 May. Although the move triggered a technical correction in the share price, the bank emphasised that, excluding the dividend’s impact, the share price had risen slightly during the session. The payment is linked to the sale of TSB…

Markets 28th May 2026

Grenergy to increase cumulative investment to €4.6 billion between 2025 and 2028

Report by Link Securities On Wednesday, Grenergy presented an update to its Strategic Plan for the period 2026–2028, during which the company projects an investment of €3.7 billion, of which €1.5 billion will be concentrated in 2028, the year with the highest investment expenditure under the plan. Specifically, Grenergy’s previous Strategic Plan set out an investment of €3.5 billion between 2025 and 2027. With the additional year of investment, Grenergy…

Markets, Relevant News Item 28th May 2026

TCI (Cellnex) and Third Point (Indra) make Spain world’s 7th largest market for “activist funds”, with positions worth $3.97 billion

The US, Canada, Japan, France, the UK, the Netherlands… and Spain. Activist funds have long been very active in Spain’s listed companies, where they hold positions worth almost $4 billion according to the latest report from Sodali, which cites the case of Third Point in Indra. However, it is in a company without a clear majority shareholder, Cellnex, where TCI, with a 9.3% stake, has managed to impose its rules….

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