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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.
renfe america

In Spain 5th September 2025

New Rail Chaos, Minister Warns Problems Will Continue for at Least Two Years

Yesterday, while the Minister of Transport, Óscar Puente, was appearing in Congress to explain the problems suffered by Spain’s railway network this summer (when four out of 10 trains had issues and the average delay on high-speed lines was 20 minutes), ADIF’s computer system—responsible for the rail network—crashed. This created new chaos in Madrid’s stations, especially at Chamartín. The incident ended up affecting thousands of passengers and all trains with…

solaria placas

Companies, Relevant News Item 4th September 2025

Solaria to install 1,100 MWh of batteries in Spain, potentially generating annual EBITDA of around €11-13 million

Intermoney | Solaria (Buy, PO £13) announced yesterday after the market closed that it has agreed to purchase batteries with a total energy capacity of 1,102 MWh, involving an investment of around £80 million. The company reports that installation will begin progressively from December. The equipment will be operated automatically using AI-based energy management software. Assessment: According to data provided by Solaria, the investment in batteries represents a ratio of…

iberdrola offshore

Companies 4th September 2025

Trump could revoke Iberdrola’s permits to develop two offshore wind farms off Massachusetts coast, €6.86 billion investment

Bankinter | The US government could withdraw authorisation to build and operate the New England Wind 1 and 2 offshore wind farms off the coast of Massachusetts, threatening the continuity of projects involving Avangrid, Iberdrola’s US subsidiary. Together, they could represent investments of $8 billion (€6.86 billion). According to the White House, this measure is part of the need to ‘ensure that the United States can maintain a strong fishing…

aena el prat

Companies 4th September 2025

Aena forecasts new record number of scheduled seats for winter season, with 2.1% increase

Norbolsa | The public company has announced a new record for scheduled seats for the coming winter season, with 2.1% more seats than in the previous season. The company has also reported that the June-August period was the best ever in terms of passengers, operations and cargo. Between June and August, Spanish airports recorded more than 89 million passengers, an increase of 3.3% compared to 2024. In the same period,…

Eurozona IPC 1

European economy, In Europe 4th September 2025

Despite 1/10 of percentage point rise compared to previous month, Eurozone inflation remains stable for six months close to ECB’s 2% target

Bankinter | Eurozone CPI was 2.1% year-on-year in August, while core CPI remained at 2.3% for the fourth consecutive month. The data was in line with expectations and reflects inflation virtually on target. Analysis team’s view: Although it rose by one tenth of a percentage point compared to the previous month, the important thing is that inflation has been stable for six months at levels close to the ECB’s target…

ryanair aviones

In Spain 4th September 2025

Ryanair announces pullback in Spain after AENA’s announcement to raise airport fees by €0.68 per passenger

The Irish airline Ryanair has announced that this winter it will close its base in Santiago de Compostela and cancel all flights to Vigo and Tenerife North. This cutback affects numerous Spanish routes due, according to the company, to the “excessive and uncompetitive airport fees” imposed by Aena, which has decided to raise them by 0.68 euros per passenger. The decision was communicated by CEO Eddie Wilson during the presentation…

poverty

In Europe 4th September 2025

Spain remains among top five European countries with highest levels of severe material and social deprivation

Severe material and social deprivation continues to affect a significant portion of the Spanish population and keeps Spain in a comparatively unfavorable position within the European Union. The improvement seen between 2023 and 2024, when the percentage of the Spanish population in this situation dropped from 9% (the highest figure since this indicator has been measured) to 8.3%, is modest in both a temporal and comparative perspective, according to Eurostat…

Airbus nuevo

Companies 4th September 2025

Airbus delivers estimated 60 aircraft in August compared to 67 in July, total deliveries for 2025 down 3%

Banco Sabadell | According to Reuters, Airbus delivered around 60 aircraft in August (compared to 47 in August 2024 and 67 in July 2025). If this figure is confirmed, it would bring the total number of deliveries in 2025 to around 433 aircraft compared to 447 aircraft in the same period in 2024; down 3%). Assessment: pending confirmation of the final number of deliveries in the coming days, the preliminary…

ACS novisimo

Companies 3rd September 2025

ACS plans major restructuring to reduce costs and simplify structure

Alphavaue / Divacons | The Spanish construction company has hired an international consulting firm to design a reorganisation that could cut head office expenses by up to 30%. For years, ACS and its German subsidiary Hochtief have maintained high administrative costs compared to their profits, leading investors to apply discounts when valuing the group. Management is now seeking a more agile configuration to deal with global uncertainty, although the share…

indra

Companies 3rd September 2025

Indra to carry out Temporary Share Buyback Programme for maximum amount of €9.87 million from today until 11 September

Link Securities | The company announced yesterday in a Relevant Fact sent to the National Securities Market Commission (CNMV) that, under the authorisation granted by the General Shareholders’ Meeting for the derivative acquisition of treasury shares, the Board of Directors has agreed to carry out a Temporary Share Buyback Programme with the following characteristics: • The purpose of the Programme is to enable the company to comply with its obligations…