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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.

Companies, Relevant News Item 26th February 2026

ACS’s net profit, excluding extraordinary items, rises 25% to over €857 million, supported by Turner’s strong performance

Link Securities | ACS (ACS) presented its results for the 2025 financial year on Wednesday, along with a year-on-year comparison, from which we highlight the following aspects: The ACS group’s sales for the year reached €49.848 billion, up 19.7% (25.3% at constant exchange rates), thanks to the solid performance of all its activities. Breaking down sales by geography, the United States and Canada contributed 63% of turnover, followed by Australia…

In Spain 26th February 2026

Pension spending soars to €14.272 billion in February, up 6%

Social Security—carrying an annual deficit that independent analyses from FEDEA place near €70 billion—paid out 10,446,888 contributory pensions to approximately 9.5 million people this February, according to a report released Wednesday by the Ministry of Inclusion, Social Security, and Migration. Additionally, it paid out another 700,000 non-contributory pensions. Of the contributory pensions, 6.7 million are retirement pensions; 2.3 million are widowhood pensions; over one million are for permanent disability; more…

In Spain 26th February 2026

Spanish consumer confidence rises to 80.5 points in January from 75.8 in December

Link Securities | The Spanish consumer confidence index, the ICC, compiled by the CIS, rose to 80.5 points in January from 75.8 points in December. This increase in the index is due to the positive performance of its two components: on the one hand, the assessment of the current situation rose by 3.3 points and, on the other, the assessment of future expectations was 6 points higher than in December….

In the World 25th February 2026

US consumer confidence rises 2.2 points in January to 91.2, but remains below November 2024 figure of 112.8

Singular Bank | In February, the Conference Board’s consumer confidence index in the US rose 2.2 points to 91.2 points following an upward revision of January’s figure (89.0 points). This reading significantly exceeded market consensus estimates (87.4 points), although it remains well below the four-year high of 112.8 reached in November 2024. At the same time, the present situation index rose 6.3 points to 120.0 points and the expectations index…

In Spain 25th February 2026

Spain’s service sector output grows 3.5% in 2025, highest rate since 2022

CdM | Production in the service sector grew by 3.5% in 2025 as a whole, which is six tenths more than the previous year and the highest rate since 2022, according to figures published by the National Statistics Institute (INE). Trade increased its production by 5.3% and other services by 4.8%.In the series adjusted for seasonal and calendar effects, the overall production index for the service sector rose by 3.4%….

Companies 25th February 2026

EMA approves Oryzon Genomics’ application to initiate Phase II study with iadademstat

Link Securities | Oryzon Genomics (ORY) announced that the European Medicines Agency (EMA) has approved its Clinical Trial Authorisation (CTA) application to initiate a Phase II study with iadademstat in patients with essential thrombocythaemia (ET), thus expanding the clinical development of the drug beyond acute leukaemia to other haematological indications, according to the Bolsamanía website. The study, called IDEAL (Iadademstat treatment for Essential Thrombocythaemia), will be a multicentre, open-label, single-arm…

Companies, Markets 25th February 2026

Bodegas Riojanas opens negotiations with creditors to reach Restructuring Plan

Link Securities | Bodegas Riojanas (RIO) reports that the Board of Directors, at its meeting held on 24 February 2026, unanimously decided that the company should submit a notification of the opening of negotiations with its creditors, as referred to in Article 585 of Royal Legislative Decree 1/2020 of 5 May. The purpose of this communication is to allow the company to begin negotiations with its main creditors in order…

Companies, Relevant News Item 25th February 2026

Iberdrola’s net profit improves by 12% in 2025 to €6.285 billion due to tax breaks on network investments in UK and capital gains from smart meters

Renta 4 | 2025 results in line with expectations across all lines of the income statement. The figures continue to be affected in comparison with 2024 by various extraordinary effects: capital gains generated in 2024 from the sale of assets in Mexico, while this year reflects the capital gains from the sale of smart meters and tax relief on network investments in the UK, as well as the recognition of…

Companies 25th February 2026

IAG, Top Pick: cheapest airline in both EU and US, despite leading margins in sector and best transatlantic exposure in its class

Morgan Stanley | Axel Stasse (analyst) believes that EU flag carriers are even better positioned than their US counterparts and reiterates IAG as his Top Pick. Our analysts in the US see a good setup for US companies given the greater strength of global traffic, but Stasse believes that European airlines offer very attractive relative value, with a growing discount to US airlines that is increasingly difficult to justify, given…

In Spain 25th February 2026

Young Spaniards say men being left at “disadvantage compared to women”

After 22 years of the enforcement of a Gender Violence Law that overturns the presumption of innocence for men without the need for any evidence, 46.1 percent of young Spaniards claim that “promotion of women’s equality has gone so far that men are now being discriminated against.” This is one of the findings from the “Youth and Gender” barometer prepared by the FAD Foundation, which should prompt reflection on the…

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