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.
MWC

War in Iran disrupts start of defense-focused Mobile World Congress in Barcelona

Fira de Barcelona once again hosts the world’s largest technology fair, the Mobile World Congress (MWC), from March 2 to 5. The event expects to reach 110,000 attendees from 205 countries, generating an economic impact of 585 million euros. This year’s MWC is defined by the advancement of AI and the rise of the Defense sector. Despite a threatened boycott, Israel will be present with 39 companies, alongside Palestine, represented…


Eurozona 2026

Eurozone economic confidence falls one point to 98.3 in February due to declining confidence in industrial sector and construction

Singular Bank | According to the European Commission’s final reading, the Eurozone Economic Sentiment Indicator (ESI) fell by 1.0 points to 98.3 points in February. This development is explained by the decline in confidence in the industrial sector (7.1 points) and construction (2.1 points), together with the moderation of the outlook for the services sector (5 points). Meanwhile, employment expectations in the European monetary bloc fell by 0.6 points to…


españa inflacion alimentos

Spanish inflation remains at 2.3%, core surprises rising to 2.7%

Bankinter | CPI (preliminary) for February 2026 was 2.3% year-on-year, compared to the expected 2.2% and the previous 2.3%. Core CPI rose to 2.7% year-on-year, compared to 2.6% expected and 2.3% previously. In month-on-month terms, it rose to 0.4%, compared to 0.4% expected and a decline of 0.4% in January. Bankinter analysis teams’ view: Inflation is slightly surprising due to the one-tenth rebound in the core rate, after three consecutive…


fcc edificio

FCC’s EBITDA falls by 1% to €1.419 billion due to provisions in Construction and despite growth in Environment

Intermoney | 2025 annual results – EBITDA down 1% (up 7% Intermoney’s estimate) due to provisions in Construction. FCC (Buy, Target Price £15/share) published its 2025 annual results on Thursday after the market closed, holding a conference call today at 9 a.m. The main figures, together with our estimates, are shown in the attached table. The Group no longer consolidates the cement and real estate businesses globally, which began trading…


IAG nueva

IAG earns €639 million in 2025, has €11.624 billion in liquidity, proposes dividend of €0.05 per share for 29 June and announces €1.5 billion buyback plan

Renta 4 | Today before the market opened, IAG presented its annual results for 2025. The figures were as follows: Passenger revenue €6.935 billion (up 1% compared to Renta 4’s estimate and in line with Q4 24), total revenue €7.929 billion (up 1% compared to Renta 4’s estimate and down 1% compared to Q4 24), EBIT before extraordinary items (main operating figure) €1.093 billion (versus €1.040 billion Renta 4’s estimate,…


mercado europeo bonos

Eurozone inflation falls below ECB target in January, moderating to 1.7%

CdM | Eurozone inflation is now below the European Central Bank’s (ECB) 2% target after the Consumer Price Index (CPI) moderated by three tenths of a percentage point to 1.7% in January, in line with expectations, according to figures published by Eurostat, the statistical office of the European Union (EU). This brings overall inflation to its lowest level since September 2024. By component, energy prices fell by 4% in the…


produccion industrial obrero

Producer price index rises 0.5% in Spain in January compared to December

Link Securities | The National Statistics Institute (INE) reported that the producer price index (PPI) rose by 0.5% in Spain in January compared to December, driven mainly by the increase in the prices of gas production and distribution by pipeline of gaseous fuels (4.8% in the month) and, to a lesser extent, by the increase in the prices of precious metals and other non-ferrous metals (4.7% in the month). In…


Indra nuevita

Defence rejects appeal filed by Santa Bárbara, decides not to provisionally suspend awards to Indra and Escribano joint venture worth €7.24 billion

Link Securities | The Ministry of Defence has refused to apply the precautionary measures requested by Santa Bárbara Sistemas against the artillery contracts awarded to the joint venture between Indra and Escribano Mechanical & Engineering (EM&E) worth €7.24 billion. Santa Bárbara Sistemas, owned by the European subsidiary of General Dynamics (GD-US), filed an appeal on 22 January with the Subdirectorate for Armament and Material Procurement of the Ministry of Defence,…


Sanchez

Sánchez suffers new defeat in Parliament, where his majority has long been lost

The Government suffered another defeat in Congress yesterday, proving once again that it lacks a parliamentary majority even to carry out the minimal legislative activity required to survive. The Executive failed, for the second time, to pass what it calls the “social shield” due to the refusal of Junts (along with the PP and Vox) to accept the extension established during the Covid era, which prevents property owners from evicting…


redeia fachada

Redeia: with net banking income of €506 million, heading towards improvement in regulated income in next regulatory period

Bankinter | Key figures compared with consensus: EBITDA €1.258 billion (up 4%) versus an estimate of €1.259 billion; net banking income €506 million (up 0.1%) versus an estimate of €503 million; FFO €1.035 billion (down 12.9%); Net debt €5.474 billion compared to €5.370 billion in December 2024. Bankinter analysis team’s view: Results in line. Positive factors in results: (i) Greater contribution from regulated electricity transmission activity (EBITDA up 4%) with…