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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.
tecnicasreunidasentrada

Companies, Relevant News Item 28th July 2025

Técnicas Reunidas selected alongside Sinopec to design green hydrogen complex in Saudi Arabia

Bankinter | It will be the largest green hydrogen complex in the world. It will be built in Yanbu and its client is ACWA Power (owned by the Saudi sovereign wealth fund). The first design phase (Feed) includes a facility for the production of 400,000 tonnes per year of green hydrogen (with 4GW of installed electrolysis capacity) and its conversion through synthesis cycles to green ammonia, as well as all…

Talgo diferente

Companies, Relevant News Item 28th July 2025

Sepi considering acquiring Talgo stake ‘without entering into any agreement with third parties’

Banc Sabadell | Sepi (the State Company for Industrial Investments) announced that it is considering acquiring a stake in Talgo (TLGO) ‘without entering into any agreement with third parties’. The transaction could involve a direct equity injection of 10% of the capital at €4.25 per share, with a substantial premium over Thursday’s closing price (43% more). In addition, it could also increase its weighting by subscribing to convertible bonds. Assessment:…

CAF trolleys

Companies, Relevant News Item 24th July 2025

Belgian operator SNCB confirms CAF as preferred bidder for €1.695-billion contract following challenges from Alstom and Siemens

Intermoney | The Spanish company (Hold, PO €45) announced yesterday to the National Securities Market Commission (CNMV) that Belgian operator SNCB has confirmed its bid as the best of those submitted. Although this confirmation was already known on 28 February, the award was challenged by Alstom and Siemens, arguing that CAF did not have any factories in Belgium, while Alstom has four plants and 1,900 employees in the country. After…

japan best cities tokyo

In the World, World economy 24th July 2025

US imposes 15% tariffs on Japan in exchange for opening its agricultural and automotive markets to US companies

Link Securities | US President Donald Trump announced yesterday a trade agreement with Japan that will result in the imposition of 15% trade tariffs on Japanese imports, instead of the 25% tariffs announced in the initial letter. Government officials from both countries confirmed that this tariff reduction will also apply to automobiles. Trump said Japan agreed to open its agricultural and automotive markets to US companies. Bloomberg quoted a senior…

aranceles2

In the World 24th July 2025

Several EU countries, including France and Germany, considering ‘anti-coercion’ measures against US to deter trade disputes

Link Securities | According to a report published yesterday by the financial news website CNBC, the European Union (EU) appears to be considering the possibility of deploying its ‘anti-coercion instrument’ — designed as a ‘nuclear option’ to deter trade disputes — in response to the imminent threat of the US government imposing a 30% tariff on EU imports. According to reports, several EU member states, including France and Germany, are…

repsol sede madrid

Companies, Relevant News Item 24th July 2025

Repsol exceeds consensus and fulfils commitments: earns €603 million and announces €350-million share buyback programme

Renta 4 | Repsol (REP) has published its results for Q2 2025, significantly exceeding our estimates and those of the consensus, both in EBIT (up 16% versus consensus) and in adjusted earnings (up 41% versus consensus), recording declines of 19% year-on-year and 18% year-on-year, respectively, reflecting the volatile environment of the quarter, with lower realisation prices for crude oil offset by higher gas prices in upstream and where the industrial…

InmoColonial

Companies, Ibex 24th July 2025

Rental income from Inmobiliaria Colonial’s French subsidiary rises to €123 million; Colonial’s rental income could reach €197 million, up 3%

Intermoney | SFL, the French subsidiary of Inmobiliaria Colonial (COL) (Buy, Target Price €8.5/share), reported its H1 2025 figures on Wednesday after the market closed. Rental income rose by 1% in equivalent terms to €123 million, in line with Intermoney’s expectations for Colonial. Compared to the figure reported a year ago, rental income fell by 3% due to asset sales. The 1% growth is divided between a 5% decline due…

Europa aranceles EEUU 1

European politics, In Europe 23rd July 2025

Some EU members open to higher US tariffs if enough products exempted from them

Link Securities | According to the financial website Barron’s, citing an article by Bloomberg, some European Union (EU) member states are open to higher tariffs from the Trump administration if enough products are exempted from them. On the other hand, some member states want to activate their anti-coercion instrument (ACI), which gives EU officials the power to impose new tariffs on US technology companies, set specific limits on US investments…

electricidad tendido

In Spain 23rd July 2025

Gas consumption for electricity rises 41% in Spain in first half of year due to blackout

CdM | In the first half of the year, coinciding with the blackout on 28 April, gas consumption for electricity generation in Spain rose by 41.2%, as the country relied heavily on fossil fuels to stabilise its electricity grid. As Enagás pointed out in a statement on its results, the growth in demand for gas for electricity generation was due to the ‘increased share of combined cycles after the blackout,…

banco sabadell palmeras

Companies 23rd July 2025

Banco Sabadell says TSB final sale price to be adjusted to tangible book value between initial price date and transaction’s closing date

Link Securities | In relation to the sale of TSB Banking Group plc and the proposed distribution of an extraordinary dividend conditional upon the closing of such sale, decisions which are subject to the Extraordinary General Shareholders’ Meetings called for 6 August 2025, the Spanish National Securities Market Commission has requested certain clarifications in relation to some aspects covered in the information made available by Banco Sabadell. In this regard,…