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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 20th January 2026

Neinor announces 2025 results: €700 million revenue, €110 million EBITDA, approximately 2,900 units delivered

Renta 4 | According to the company’s communication to the National Securities Market Commission (CNMV), Neinor Homes has released its preliminary results for the 2025 financial year. Neinor forecasts deliveries of approximately 2,900 units (including all business lines; versus Renta 4 estimate of 1,700 units for the BTS business alone). According to the statement, Neinor Homes would have met the upper range of its annual revenue targets (€600-700 million; versus…

Companies 20th January 2026

Nordex, owned by Acciona Energía, sells 700 MW of wind turbines to Verbund Green Power for projects in six key European markets

Link Securities | Verbund Green Power has signed a multi-year framework agreement with Nordex (NDX1-DE), a company owned by Acciona Energía, for the possible acquisition of up to 700 MW of wind turbine capacity. Under the framework agreement, the parties will cooperate to facilitate the supply and delivery of up to 105 Nordex (NDX1-DE) onshore wind turbine units for VerbundGreen Power’s future wind projects in six key markets: Austria, Germany,…

Companies, Relevant News Item 20th January 2026

Telefónica: European Digital Networks Act approved today to ease conditions imposed on M&A transactions and promote consolidation in sector

Bankinter | The European Commission will today approve the Digital Networks Act (DNA), a regulation that will facilitate consolidation processes in the European market. The new legislation will repeal and replace the European Electronic Communications Code (EEC), historically designed to protect competition in the sector, generally to the detriment of competitiveness. It no longer prioritises the defence of end-user interests and takes an approach geared towards resilience, the creation of…

In the World 20th January 2026

China’s GDP loses momentum: Q4 2025 growth of 4.5%, weakest since 2022

Bankinter | China’s GDP grew by 4.5% in Q4 2025. This growth is in line with consensus estimates and represents a slowdown from the 4.8% recorded in Q3. For 2025 as a whole, China’s growth stood at 5% (5.2% in 2024). Bankinter analysis team’s view: The Chinese economy is losing momentum. GDP growth in Q4 is the weakest since the reopening of Covid lockdowns at the end of 2022. Despite…

Companies 20th January 2026

DIA plans to create around 1,200 new jobs in Spain in 2026

Link Securities | The DIA supermarket chain (DIA) plans to create around 1,200 new direct and indirect jobs in Spain in 2026, as part of its strategic growth plan and a corporate culture that puts people at the heart of the business, according to press reports. The company emphasises that these new jobs will be created in its own stores and franchises, offices and logistics centres, as well as new…

Companies 20th January 2026

Accident involving Indra satellite worth €1 billion and insured by pool of insurers, principally Mapfre

Banco Sabadell | Indra has confirmed that the SpainSat NGII satellite, which was damaged on 2 January by the impact of a particle, has been rendered unusable and a new one will have to be built and launched. The satellite, valued at around €1 billion, was insured by a pool of insurers and reinsurers, with Mapfre as the main insurer. In this regard, and also according to press reports, Indra…

In Spain 20th January 2026

IMF raises global growth forecast to 3.3% and Spain’s to 2.3%

In an update to its World Economic Outlook, the IMF raised its global growth forecast for 2026 to 3.3%, representing a 0.2 percentage point increase from its October 2025 projection, while keeping its 2027 forecast unchanged at 3.2%. In this update, the IMF has once again revised upward its growth expectations for the Spanish economy for both this year and next. The projected expansion rate is 2.3% in 2026—three-tenths higher…

Companies 19th January 2026

Blackrock plans to continue operation and reduce stake in Naturgy to around 5%

Banc Sabadell | BlackRock, following the accelerated placement of 7.1% of Naturgy’s (NTGY) capital in December (up to 12.62% NTGY), plans to continue the operation and reduce its stake to around 5% of the capital, managed solely through passive funds, according to press reports. Assessment: This news comes as no surprise, as it was partly expected since BlackRock placed 7% of the capital in December (at a price of €24.75/share,…

Companies 19th January 2026

Santa Bárbara to appeal to Supreme Court against two contracts awarded by Government to Indra and Escribano for €7.24 billion

Banc Sabadell | Santa Bárbara Sistemas plans to appeal to the Supreme Court against the two major artillery contracts that the government awarded to Indra (IDR) and Escribano for €7.24 billion, according to press reports. These two projects are fundamental pillars of the 31 Special Modernisation Programmes (PEM) promoted by the Ministry of Defence. We recall that Santa Bárbara has already filed an administrative appeal to try to suspend the…

Companies 19th January 2026

Merlin Properties forecasts data centres to increase share of rental income from 5% to 45-50% in 2030, and 75% in 2033

Renta 4 | The financial newspaper Expansión features an interview with Ismael Clemente (CEO of the company) in its Monday edition, in which he reviews Merlin Properties’ (MRL) short- and medium-term strategy. In this regard, Merlin Properties will continue with its strategic roadmap focused on the expansion of data centres. With phases 1 and 2 already underway, Merlin’s CEO reveals that phase III, currently in the planning stage, will be…

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