Articles by The Corner

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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.
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Credit supply in Eurozone tightens in second quarter of 2026, whilst demand continues to decline

Supply contracted across the board in the second quarter of 2026, with a tightening of either lending criteria, the terms applied, or both, depending on the segment. Reported by Consejeros Editorial Team The results of the European Central Bank’s (ECB) Bank Lending Survey reveal that, in the second quarter of 2026, lending criteria tightened slightly for both corporate financing and loans to households for the purchase of homes, whilst remaining…


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Iberdrola’s profit reaches €4.336 million, up 22 per cent, with adjusted EBITDA of €8.050 million

Reported by Consejeros Editorial Team Iberdrola has posted a reported net profit of €4.3364 billion between January and June 2026, 21.7 per cent higher than the €3.5622 billion recorded in the same period of the previous year, as reported by the company to the Spanish National Securities Market Commission (CNMV). “Adjusting for the contribution from Mexico in 2026 (up €74.8 million), for the net capital gain (€953.3 million) following the…


ElectricityTC

New era of electricity transforming energy from raw material into strategic asset

Driven not only by decarbonisation, but also by geopolitical fragmentation, state intervention and the race for clean technologies, the transition towards electrification is complex and non-linear. Rosa Duce, CIO of Deutsche Bank Spain, explains: “In this new era of electricity, high levels of investment have already profoundly changed the mix of supply and distribution: the evolution of clean energy from a subsidised niche to becoming an essential, mainstream investment is…


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New dawn in UK: Andy Burnham takes office as seventh Prime Minister in just over a decade

The UK begins the second half of 2026 with a new Prime Minister, a large Labour majority and another opportunity to rebuild its economic credibility. Reported by Anthony Willis The UK has a new Prime Minister – the seventh in just over a decade – and another opportunity to reset the country’s economic narrative. Andy Burnham arrives at 10 Downing Street with a comfortable majority, but the challenge is clear:…


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Santander: underlying profit rises 15% to €7.3 billion in the first half

Banco Santander reported a record underlying profit of €7,328 million in the first half of 2026, up 15%. Attributable profit reached €8,973 million, up 31%, including a €1.9 billion net capital gain following the completion of the disposal of Santander Bank Polska in January, partially offset by €250 million of restructuring costs related to the integration of TSB. Underlying results exclude these non-recurring items, providing a consistent view of operating…


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Spain’s trade deficit continues to grow

According to customs data published in the Monthly Foreign Trade Report by the Ministry of Economy, Trade and Enterprise, Spain’s trade deficit widened to €8,245 million in May, representing an increase of €5,702 million compared to the same month last year. This deterioration was mainly driven by a sharp rise in energy imports, against a backdrop marked by higher crude oil prices following disruptions caused by the closure of the…


Telefonica Prosegur

Renta 4 values Telxius, submarine cable owned by Telefónica and Pontegadea, at 10 times 2025 EBITDA

Both partners have asked JP Morgan and Guggenheim to find a buyer for a business that the market values at around €1,200 million. This figure implies a multiple below the double-digit levels paid for other telecoms infrastructure assets. The discount is thought to stem from exposure to Latin America. Report by Renta 4 Telefónica and Pontegadea are reported to have begun the process of exploring the sale of the submarine…


Plus Ultra

Sánchez: Non Plus Ultra

J. L. R. Zapatero, the former Prime Minister, was thrown under the bus yesterday after being pointed out by his nominee, Julio Martínez, and by the owner of the airline Plus Ultra, for receiving over half a million euros to facilitate the government’s rescue—through SEPI—of the company in the spring of 2021… And for announcing it to them before it was even approved by the Council of Ministers. In respective…


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Iberdrola receives two international awards for its approach to green finance and sustainability

Reported by the Consejeros Editorial Team The company has been recognised as the leading corporate issuer of green, social and sustainable bonds at the 2026 Global Capital Bond Awards and, at the same time, has been named Europe’s most sustainable electricity company at the 2026 World Finance Sustainability Awards. The GlobalCapital Bond Awards are the only awards dedicated exclusively to international bond markets, and the winners are chosen by market…


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EC to reduce mandatory sustainability reporting requirements for companies by more than 60 per cent

These changes are also expected to reduce reporting costs by more than 30 per cent per company, in line with the Commission’s objective of reducing the burdens associated with reporting requirements by 25 per cent. Consejeros Editorial Team On 3 July, the European Commission adopted the revised European Sustainability Reporting Standards (ESRS), including a voluntary reporting standard for small businesses, with the aim of improving transparency and reducing the administrative…