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.
redeia fachada

Redeia’s transmission network still has capacity for new demand in 25% of its nodes

Link Securities | The company announced that the transmission network still has capacity for new demand in 25% of its nodes, which may be granted either through general priority criteria or through a tender process, according to Bolsamania.com. The company, in its capacity as system operator (SO), has disclosed for the first time the access capacities for demand connection at the transport network nodes, calculated according to the technical criteria…


ence 2

Ence agrees to redundancy plan at Navia plant as part of Efficiency Plan, to make savings of €22 per tonne of cellulose

Intermoney | Ence (ENC) (Buy, Target Price £4 per share) announced on Friday that it has reached an agreement with the company’s employee representatives to implement a collective redundancy plan (ERE) that will affect its Navia plant (Asturias). The agreement between the company and the workers provides for the elimination of 44 jobs by 31 December 2027, as well as the relocation of another 40 people to other companies in…


edificio almirall 3

Almirall posts €46.1 million profit in 2025, with revenues of €1.114 billion

Link Securities | Laboratorios Almirall (ALM) presented its results for the 2025 financial year on Monday, along with a year-on-year comparison, from which we highlight the following aspects: ALM achieved total revenue of €1,114.5 million in 2025, representing a year-on-year improvement of 12.5%. Of this amount, €1,108.1 million corresponded to net sales, up 12.4% year-on-year, driven by the performance of Dermatology in Europe, led by Illumetri® and Ebglyss®. Gross margin,…


containersTC

Trump announces global tariff of 15%, to take effect almost immediately,’ EU demands he abide by trade terms signed in 2025

Link Securities | US President Donald Trump announced on Friday the signing of an executive order that would impose a 10% global tariff on all countries under Section 122 of the Trade Act of 1974. The next day, he changed his mind and said he would raise it to 15%. The decision came after it was revealed that the Supreme Court had ruled that his use of the International Emergency…


Minsaitbyindra

Indra negotiating sale of strategic consulting subsidiary to Waterland fund to finance growth in Defence

Norbolsa | The company is negotiating the sale of Minsait Business Consulting, its strategic and technology consulting subsidiary, to Waterland Private Equity, a venture capital firm based in the Netherlands. With this type of divestment, it seeks to finance its growth plans in Defence. This is the second transaction of this type by Indra, which at the end of 2025 sold its Business Process Outsourcing (BPO) business to the Basque…


bancos españoles nuevo

Spanish banks: return on equity (RoTE) equal to or greater than 20% for most from 2027 onwards

Deutsche Bank | Spanish banks continued to demonstrate stronger-than-expected net interest margin resilience in 2025, navigating a challenging rate environment thanks to proactive liquidity management and a faster-than-expected recovery in loan growth. This strong performance, coupled with solid diversification of fee income and continued cost control, positions the sector for sustained profitability. We expect net interest margin to resume an upward trend in 2026, supported by broadly stable net interest…


Mortgage law Spain

Catalan Generalitat proposes CPI that includes housing with 34% weighting, but this would reveal sharp loss in purchasing power

Neither the data from the INE (Spain’s National Statistics Institute) nor European statistical services capture the true scale of one of the expenses that suffocates citizens most: housing. The CPI only accounts for rental prices, and with a minimal weighting of just 5%—whereas in the U.S., for example, it represents 40% of the index. Consequently, the Catalan Generalitat has developed a proposal for a new indicator—reported today by the newspaper…


Talgo new

Talgo negotiates financial terms for delivery and maintenance of 20 new high-speed trains for Saudi Arabia with Alstom

Link Securities | The train manufacturer, owned by SEPI and the Basque Government, must agree on the financial terms for delivery and maintenance with French powerhouse Alstom, after Saudi Arabia Railways exercised its option on 20 new trains identical to the original 2012 order, valued at €1.332 billion, which are an adaptation of the 112 series (Pato) that Talgo manufactured for Renfe with Bombardier technology, in the new AVE trains…


CIE Automotive renove

EIB to provide consulting services to CIE Automotive to promote climate action and sustainability in corporate sector

Alphavalue | The company received advice from the European Investment Bank (EIB) to strengthen its decarbonisation plan, with the aim of achieving climate neutrality by 2050. According to a statement from the EIB, the European Union’s financial arm will provide consulting services to the company under the IEB Advisory, a support programme funded by the InvestEU Advisory Hub to promote climate action and sustainability in the corporate sector. CIE Automotive…


Acciona Energía nueva

Acciona Energía and Solaria among companies most affected by Meloni’s plan to lower electricity prices

Bankinter | Giorgia Meloni is considering a plan to lower electricity prices that could have a negative impact on the sector. The plan being considered by Italian Prime Minister Giorgia Meloni consists of intervening in the functioning of the electricity market to eliminate the impact of CO2 costs from bills. The marginal cost of generation from a combined cycle gas plant is what sets the price of electricity on many…