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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.
Digi

Companies, Relevant News Item 6th March 2026

Digi to go public with IPO of new shares worth between €150-200 million and IPO of its parent company, volume not yet disclosed

Alphavalue / Divacons | Digi has detailed its upcoming IPO in Spain, which will take the form of a public offering of new shares worth between €150 million and €200 million, in addition to a public offering of shares held by its parent company, the final volume of which has not yet been determined. Pending developments in the geopolitical situation, the group’s first move is to inject resources to continue…

newyork services

In the World 6th March 2026

Mixed data in US service indicators: February PMI falls to 10-month low of 51.7 points, ISM rises to 56.1 from 53.8 previously

Link Securities | The US services sector purchasing managers’ index, the services PMI compiled by S&P Global, fell in its final February reading to 51.7 points (a 10-month low) from 52.3 points in January, falling below the 52.3 points in its preliminary reading, which was what FactSet consensus analysts had expected. Any reading above 50 points suggests expansion of activity relative to the previous month, and below that level, contraction….

IAG nueva

Companies 6th March 2026

IAG has hedges equivalent to 62% of fuel it expects to consume in 2025 to cope with possible rise in oil prices

Link Securities | The airline holding company is shielded from a possible increase in oil prices with hedges equivalent to 62% of the fuel it expects to consume this year, according to the company, as reported by the newspaper Expansión. This is identical to the proportion held by AirFrance-KLM and lower than that held by Ryanair (80%), which usually has one of the highest percentages in its sector in Europe….

repsol banderines

Companies, Relevant News Item 6th March 2026

Repsol estimates it can recover €4.55 billion from Venezuela: €963 million in debts, €3.587 billion in provisions

Link Securities | Repsol, Spain’s largest oil company, has estimated that it can recover €4.55 billion from Venezuela, which is currently trapped in the country, according to the newspaper Expansión. The figure includes loans and outstanding invoices from PDVSA, the state-owned hydrocarbon monopoly. It also includes the accounting provisions that Repsol has been making for years to cover the impairment of its assets in the country, given the chaotic situation…

data

In Spain 5th March 2026

Spanish civil servants now earn 20% more than private sector workers — €579 per month extra

The average salary for Spanish civil servants has reached €2,800 per month over the past year, hitting historic highs. According to data from the Social Security Contribution Base Statistics, 1.2 million public workers affiliated with the General Regime receive €2,800 a month. The latest update from September 2025 places the figure at €2,853.5 per month. When comparing the salaries of civil servants with the rest of the workforce, the average…

china yuan mirada

In the World 5th March 2026

Positive reading from China’s private activity register, although official figures show slight deterioration

Bankinter | Positive activity data in February, deepening in the expansion zone (>50). RatingDog Composite PMI: 51.6 against 51.3 previously; RatingDog Services PMI: 56.7 against 52.3 expected and 52.3 previously. RatingDog Manufacturing PMI: 52.1 against 50.1 expected and 50.3 previously. Bankinter analysis team’s view: Positive reading of the private activity register (RatingDog), although it contrasts with the official figures also released on Wednesday, which show a slight deterioration: Manufacturing PMI…

GAM Soluciones

Companies 5th March 2026

GAM to invest €150 million over next three years to achieve €400 million turnover

Link Securities | The Asturian industrial company General de Alquiler de Maquinaria (GAM) will make a capital investment of €150 million over the next three years as part of its strategic plan, focused on consolidating the company’s growth and position, according to Expansión. With this volume of capex, GAM will support its goal of achieving a turnover of €400 million in 2028, 27% more than last year. The company’s strategy…

amper2

Companies 5th March 2026

Amper 2025 results: margin improvement (3 p.p.) despite lower offshore wind revenues; M&A forecast in 2026

Lighthouse | Amper (AMP) posted revenues of €281.7 million in 2025 (below estimates of €369 million). The year-on-year decline is mainly explained by the sale of the Industrial Services business (Nervión; approx. €180 million in revenue in 2024), the slowdown in the offshore wind business, and the consolidation of only one half of Navacel. By segment, Defence and National Security grew by 40% (€120 million), while Energy and Sustainability recorded…

Garanti BBVA

Companies, Relevant News Item 5th March 2026

Turkish lira depreciates 27% in 2025, leading BBVA to write down value of Garanti by €130 million more, bringing cumulative total to €354 million

Link Securities | Expansión reports today that BBVA has been forced to write down the value of Garanti, its subsidiary bank in Turkey, in its annual accounts due to the negative performance of the currency, which depreciated by 27% last year. It has done so by €130 million, bringing the cumulative impairment in recent years to €354 million. Added to this is the money BBVA is losing in the country…

Repsol gasolina

Ibex, In Spain 5th March 2026

Government plans to intervene in Repsol, Moeve and BP prices if necessary in light of impact of Persian Gulf conflict

Banco Sabadell | In an interview with TVE yesterday, the Minister of Economy, Carlos Cuerpo, stated that the government will be monitoring fuel prices due to the potential impact of rising oil and gas prices in light of the conflict in the Persian Gulf, as price increases are passed on very quickly and decreases very slowly. Carlos Cuerpo referred to the war in Ukraine, saying that they would be prepared…