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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.
china componentes

In the World, World economy 4th August 2025

China’s manufacturing PMI returns to contraction territory, falling to 49.5 points in July

Bankinter | The Caixin manufacturing PMI returns to economic contraction territory (<50 points) after falling to 49.5 points in July (versus 50.4 expected and 50.4 previously). Bankinter analysis team view: The decline in activity reflects the loss of momentum in global trade due to the trade war and weak domestic demand in China. The manufacturing PMI has been in expansionary territory continuously from October 2024 to April 2025, but everything…

Acciona windpower

Companies 4th August 2025

Acciona Energía reviews whole portfolio of facilities and projects in Mexico as part of asset rotation process

Link Securities | Acciona Energía (ANE), the renewable energy subsidiary of Acciona (ANA), has put its entire portfolio of facilities and projects in Mexico under review as part of the group’s asset rotation process, according to the newspaper Expansión, citing financial sources. Acciona Energía declined to comment on the matter. Mexico is Acciona Energía’s fourth largest market in terms of installed renewable energy capacity worldwide and the most important in…

manufacturas2

European economy, In Europe 4th August 2025

Eurozone manufacturing sector regains momentum, rising to 19.8 in July, but caution remains

CdM | The Eurozone manufacturing sector is regaining momentum, but with caution. At the start of the third quarter, operating conditions stabilised broadly, according to the PMI index. ‘With the new trade framework agreed between the EU and the US, uncertainty should ease and the signs point to a continued upward trend in the coming months.’ This is the view of Hamburg Commercial Bank, which comments that supply chains “remain…

Mapfre

Companies 2nd August 2025

Mapfre RE acquires office building in Madrid, investment aimed at diversifying portfolio with alternative assets

Link Securities | Mapfre RE, the reinsurance unit of Mapfre (MAP), has acquired an office building in Madrid, an investment aimed at diversifying the company’s portfolio with other alternative assets, according to the newspaper Expansión. The nine-storey building is located at María de Molina, 54, in the Salamanca district, a few metres from Príncipe de Vergara, with direct connections to both the A-2 motorway and Adolfo Suárez Madrid-Barajas airport. It…

cellnex novisimo

Companies 2nd August 2025

Cellnex 1H25: cash flow performance improves and contract management remains very solid

Renta 4 | Revenues grew in line with estimates, up 1.1% (6% pro forma) thanks to pro forma organic growth of 4% in points of presence (the remainder coming from placements and BTS, lifting pro forma tower business revenues by 5.2%), with a margin rising slightly thanks to the management of operating expenses and rents, allowing pro forma organic growth in EBITDA after rents of 8.1%, improving our outlook due…

dia carroCM

Companies 1st August 2025

DIA posts €37.8 million profit in H1 2025, compared to losses of €94 million in same period 2024

Alphavalue/DIVACONS | The supermarket chain reported its H1 2025 figures on Thursday, closing up 0.53%. Net sales of €2.857 billion (up 5% year-on-year); EBITDA of €133 million (up 4% year-on-year). Profit of €37.8 million compared to losses of €94 million in the same period last year. Martin Tolcachir, a director at Dia, stated that the 2025-2029 Strategic Plan is ‘progressing as planned’. The director explained that during 1H25, the business…

fed powell nov 2023

In the World 1st August 2025

Fed meets expectations, keeps rates at 4.25%/4.50% in first meeting since 1993 with two dissenting votes

Bankinter | The Fed meets expectations and keeps benchmark interest rates (Fed Funds) at 4.25%/4.50%. The decision was not unanimous, as two governors (Waller and Bowman) voted in favour of cutting rates by 25 basis points. A third governor was absent and did not vote (Kugler). This is the first meeting since 1993 with two dissenting votes. Bankinter analysis team’s view: The decision to keep rates unchanged makes sense in…

bbva sabadell

Companies, Relevant News Item 1st August 2025

BBVA opens door to withdrawing takeover bid for Sabadell after Catalan bank’s board meeting to approve TSB sale to Santander

Link Securities | BBVA (BBVA) has opened the door to withdrawing its hostile takeover bid for Banco Sabadell (SAB) following the extraordinary shareholders’ meetings to be held by the Catalan bank on 6 August to approve the sale of TSB to Santander (SAN) and the subsequent distribution of an extraordinary dividend of €2.5 billion, according to the newspaper Expnasión. ‘There are no guarantees,’ said BBVA CEO Onur Genç in response…

Iberdrola guapa

Companies, Relevant News Item 1st August 2025

Iberdrola sells 2.6 GW generation and supply portfolio in Mexico to Cox ABG for $4.2 billion

Alphavalue/DIVACONS | The Spanish utility is exiting the Mexican market to finance its €55 billion investment plan through 2031, with a strategic focus on regulated network businesses in the United States and the United Kingdom. On Thursday after the close of trading, the group reached an agreement with Cox ABG for the sale of its 2.6 GW generation and supply portfolio in Mexico for $4.2 billion. The divestment of most…