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.
Sanchez

In Spain 24th October 2024

Feijóo formally requests Sánchez’s resignation, ‘the number one of the corrupt plot,’ in light of ‘situation of decay’ surrounding Government

The president of the PP, Alberto Núñez Feijóo, has formally requested this Wednesday in Congress the resignation of the head of the Executive, Pedro Sánchez, asserting that the reasoned exposition from the judge of the National Court confirms that he was ‘the number one of the corrupt plot.’ In his view, they cannot get used to ‘living in this situation of decay of the Presidency of the Government.’ ‘I come…

OHLA

Relevant News Item 24th October 2024

OHLA approves capital increase of up to €150 million to facilitate refinancing of debt of almost €550 million

Link Securities | OHLA’s Extraordinary Shareholders’ Meeting yesterday approved the Board’s proposal to launch this year a capital increase of up to €150 million to facilitate the refinancing of the company’s debt of almost €550 million, between bonds and bank debt, Expansión reported. ‘The company will be strengthened with greater resources,’ said Luis Amodio, president of the construction company. OHLA will repay €140 million to bondholders with the increase approved…

eeuu madeinCM 1

In the World 24th October 2024

US fiscal deficit rises to 6.4% of GDP, up 8% from 202321 October 2024

Norbolsa | Fiscal deficit figures for the 2024 fiscal year have been released, showing an 8% increase in the deficit, bringing the deficit-to-GDP ratio to 6.4% from 6.2% in 2023. This fiscal performance could weigh on the Harris campaign, which is being presented as a more fiscally balanced policy. Thus, the Committee to care for a “Responsible Federal Budget” estimates that Trump’s plans would raise the debt by $7.5 trillion,…

telefonica alemania2

In Europe 24th October 2024

Telefónica, through ALV-DE, closes deal with Infracapital to acquire Infrafibre Germany

Link Securities | Telefónica (TEF), through its 50/50 joint venture with Allianz (ALV-DE) for the deployment of fibre optics in Germany, has closed a deal with Infracapital, the infrastructure investment arm of British asset manager M&G, for the acquisition of Infrafibre Germany (IFG), which specialises in rural areas, according to Expansión on Wednesday. As part of the deal, which market sources value at just under €100 million, the Telefónica and…

There have always been two debates about RTVE: financing and the nomination of its board which, in theory, should govern it.

In Spain 23rd October 2024

Sánchez secures total control of Public Television by Royal Decree while talking about democratic regeneration

Pedro Sánchez took a decisive step on Tuesday to ensure control of RTVE by decree with his partners and leaving the PP outside for the next six years, that is, beyond the current legislature. In doing so, Sánchez crosses another line regarding institutions that have always had consensus between the two major parties. Recently it was the Bank of Spain, and now it is RTVE.On Tuesday, the decree was approved…

enagas logo

Relevant News Item 22nd October 2024

Enagás profit at 9M24, excluding sales of Tallgrass and Morelos gas pipeline in 2023, reaches €233.5m (up 7.85%)

Link Securities | The company today presented its results for the first nine months of the year (9M2024), of which we highlight the following aspects: The company’s total revenues at 30 September 2024 amounted to €665.2m (down 1.1% year-on-year). The figure for regulated revenues in the first nine months of 2024 includes the impact of the regulatory framework (down €33.3 million), which has been partially offset by the increase in…

iberdrola siemens gamesa 1 thumb 722

In the World 22nd October 2024

Iberdrola among potential buyers of Neoen’s renewable assets (Australia)

Banco Sabadell | According to Bloomberg, Iberdrola is in the final stages of bidding for a portfolio of renewable assets from Neoen in Victoria (Australia). The portfolio would consist of three operating assets: a 125 MW solar farm, a 194 MW wind farm and a 20 MW battery storage system and a 300 MW battery. Assessment: News of limited impact pending to know if Iberdrola finally acquires the assets, which…

Solaris CAF

Relevant News Item 22nd October 2024

CAF subsidiary Solaris to supply 96 electric buses to Transdev, and 30 to Arriva, for combined total of €90 million

Link Securities | Solaris, a subsidiary of CAF (CAF), will supply 96 electric buses to Transdev, and a further 30 to Arriva, both Dutch operators, according to Bolsamania. The combined value of the two contracts is approximately 90 million euros. For Transdev, one of the largest transport operators in the Netherlands, the order covers the delivery of 96 buses corresponding to four different vehicle models from the Urbino range, with…

Repsol nueva

In Spain 22nd October 2024

Repsol halts investment in Spain due to ‘tax hike’ of 1.2% on revenue

Repsol stands firm against the ‘tax hike’ on energy companies (and banks) that the government has announced it wants to make permanent. As a result, Repsol is putting on hold investments for projects amounting to around €1.5 billion, which would affect the group’s portfolio projects in the Basque Country, Tarragona (Catalonia), Cartagena (Murcia), and A Coruña (Galicia). A year ago, its CEO, Josu Jon Imaz, warned that he was leaving…

sacyr 4 588x353

In Europe 22nd October 2024

Sacyr looking at opportunities in Czechia as part of plan to expand markets selectively

Link Securities | Sacyr (SCYR) is looking to selectively expand the markets in which it operates and has turned its attention to the programme of transport infrastructure concessions through public-private partnership models that the Government of the Czech Republic has launched, according to elEconomista. The Spanish company is analysing the opportunities offered by the country both for the development of new motorways and the future high-speed railway line, with investments…