Top Stories

Articles by The Corner

About the Author

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.
acerinox

Companies, Relevant News Item 3rd November 2025

Acerinox’s profit falls 95.7% in quarter marked by uncertainty and slowing demand

Link Securities | Acerinox (ACX) presented its results for the first nine months of the year (9M2025) on Friday, from which we highlight the following aspects: ACX highlighted that 9M2025 has been marked by uncertainty, and after two consecutive years of significant contraction in apparent demand, the sector remains at low levels, with a much slower recovery than initially projected.ACX’s turnover was €4.473 billion in 9M2025, 9.4% higher than the…

minimum living wage

Spanish economy 3rd November 2025

No longer any difference in Spain between minimum wage (€15,120) and most frequent salary (€15,575)

The urgency with which the minimum wage (SMI) has been increased in Spain (a 46% rise just between 2018 and 2023, triple the increase of the preceding decade) clashes with companies’ real capacity to absorb it. And this has an impact: if the nominal SMI was equivalent to 60% of the modal (most frequent) salary in 2018, it reached 97% in 2023. Thus, in Spain, the interprofessional minimum wage is…

europa detalle billete

European economy, In Europe 31st October 2025

Eurozone Economic Sentiment rises 1.2 points to 96.8 in October despite crisis in France and delays in reforms in Germany

Singular Bank | According to the European Commission, in the final reading for October, the Eurozone Economic Sentiment Indicator (ESI) rose 1.2 points to 96.8 points, despite political uncertainty in France and delays in the Merz government’s reforms in Germany. This development was mainly driven by a notable rebound in confidence in the industrial, construction and retail sectors. In more detail: Industrial Sentiment -8.2 versus -10.0 expected versus -10.3 previous;…

china workers TC

In the World 31st October 2025

Manufacturing activity in China loses momentum in October, lowest level in seven months, due to tariffs

Bankinter | Manufacturing activity falls more than expected in October in China. Manufacturing PMI: 49.0 points versus 49.6 expected and 49.8 previously; Services PMI 50.1 versus 50.0 expected and Composite PMI 50.0 versus 50.6 previously. Analysis team’s view: Weak figures. Manufacturing activity lost momentum in October and entered contraction territory (<50 points). This is the lowest figure in the last seven months and reflects that the impact of tariffs is…

puig preciosa

Companies 31st October 2025

Puig Brands reports net sales of €1.3 billion in Q3 2025 thanks to new Amazon channel used by Makeup segment

Alphavalue / Divacons | The Spanish cosmetics company presented its Q3 2025 trading update yesterday after the close of trading. Net sales of €1.3 billion (up 3.2% year-on-year) compared to the €1.28 billion expected by the consensus. These quarterly results exceeded expectations, driven by exceptional momentum in the Makeup segment and continued strength in Asia. The makeup segment benefited significantly from Amazon’s new distribution channel, which accounted for approximately half…

enagas

Companies 31st October 2025

Enagás acquires 100% of Axent with purchase of 51% it did not already own for €37.8 million

Banco Sabadell | The company has completed the acquisition of 51% of the share capital of Axent Infraestructuras de Telecomunicaciones, S.A., up to 100% of its capital, which was announced in July. The price paid amounts to €37.8 million and the transaction will generate an estimated positive impact on 2025 after-tax profit of close to €16 million (almost 6% of the expected 2025 BDI) due to the accounting revaluation of…

InmoColonial

Companies 31st October 2025

Colonial’s chairman not ruling out possibility of takeover bid

Renta 4 | The financial newspaper El Economista features an extensive interview with Colonial’s chairman, Juan José Brugera, in which he reviews the company’s current situation and various aspects of the property market. We would highlight the following aspects of the interview: 1) the gradual improvement in the oversupply in Barcelona’s 22@ district; 2) he leaves the door open to the possibility of exploring new geographical markets such as Germany…

Catalana occidente

Companies, Relevant News Item 31st October 2025

CNMV authorises Inocsa’s takeover bid for Catalana Occidente

Link Securities | The Spanish Securities Market Commission (CNMV) has agreed to authorise the voluntary takeover bid for Catalana Occidente shares submitted by Inoc, S.A. on 28 April 2025 and admitted for processing on 16 May 2025, on the understanding that its terms comply with current regulations and considering the content of the explanatory prospectus and its annexes to be sufficient, following the latest amendments registered on 24 October 2025….

Caixabank

Companies, Relevant News Item, Spanish economy 31st October 2025

CaixaBank achieves profit of €4.397 billion up to September, up 3.5%

The CaixaBank Group obtained a net profit of €4.397 billion between January and September 2025, after growing by 3.5% compared to the same period of the previous year. CaixaBank, which serves 20.6 million customers in Spain and Portugal through a network of around 4,100 branches, holds more than €660 billion in assets. The year-on-year evolution of the income statement reflects, as it did in the first half of the year,…

melia 4

Companies 30th October 2025

Meliã: hotels increase revenue 6.3% year-on-year, with record prices of €170/night in Spain

Bankinter | According to the Hotel Sector Barometer, hotel rates have set a new record in Spain with average prices from January to September of €170/night (up 5.5% year-on-year). Occupancy also improved, albeit moderately, by 0.7%, to reach an average of 76.4% in Spain. As a result, revenue per available room (RevPAR) stood at €129.9 (up 6.3% year-on-year). Analysis team opinion: Good news for the sector, which continues to raise…