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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.
3. Public debt

In Spain 22nd October 2025

Spanish Public Debt Grows at Rate of 4.7% and Sets Historical Record: €1.699 Trillion

According to data published by the Bank of Spain (BdE), the debt of the Spanish Public Administrations (AAPP) stood at €1.699 trillion in August, its highest level in history. However, due to inflation (3%), its weight relative to the Gross Domestic Product (GDP) moderated to 103%, which represents a drop of 0.9 percentage points compared to the same month in 2024. Thus, according to the data published this Tuesday by…

airtificial robot salida bolsa

Companies 21st October 2025

Airtificial signs three contracts with two global Tier-1 automotive companies worth €4 million

Link Securities | Airtificial (AI) has informed the National Securities Market Commission (CNMV) that it has signed three contracts with two global Tier-1 automotive suppliers, valued at around €4 million, for the design, manufacture, commissioning and turnkey delivery of an electric steering assembly line (RCB EPS); and two electric vehicle electronic control unit (ECU) inspection lines at its Mexican plant in Querétaro. These new contracts reinforce the positioning of the…

Solaria

Companies 21st October 2025

Solaria 9M25 preview: revenue and EBITDA growth around 30% and 40%, respectively

Intermoney | Solaria (Buy, PO €13) will announce its 9M25 results on 17 November, holding its AGM in London on the same day. The main figures from our estimates are shown in the table below and should reflect: 1) a year-on-year decline in production of 6%, as Solaria has the same installed capacity and following a mediocre first half in terms of weather; and 2) the impact of the Genería…

Repsol

Companies 21st October 2025

Repsol to supply renewable fuels to Norwegian Cruise Line Holdings ships for eight years

Link Securities | The company has signed an eight-year agreement with Norwegian Cruise Line Holdings to supply renewable marine fuels in the Port of Barcelona, according to a report yesterday by the digital portal Bolsamania.com. After the start of the 2026 European cruise season, Repsol will supply biofuels and, from 2029, renewable methanol directly to the ships of the group’s various cruise brands (Norwegian Cruise Line, Oceania Cruises, and Regent…

FamilyBusinesses

In Spain 21st October 2025

Spanish Family Businesses Rail Against Excessive Regulation and Absenteeism

The 28th Congress of Spanish Family Businesses, which brings together over 600 executives of family firms in Burgos, has sounded the alarm about the excessive regulation and absenteeism that are stifling their growth. Fifty-five percent (55%) of those surveyed identified absenteeism -in Spain, more than one million people are absent from work every day- as the main risk to their competitiveness, ahead of “the difficulty of finding qualified professionals” (52%)…

telefonica edificio

Companies 21st October 2025

Telefónica possibly interested in expanding collaboration with Germany’s fourth-largest operator, 1&1, which has 8.9% market share

Renta 4 | According to the German newspaper Handelsblatt, Telefónica is considering strengthening its cooperation with 1&1 in Germany. In mobile telephony, 1&1 is the fourth largest operator with a market share of 8.9%, behind Deutsche Telekom (32%), Telefónica (27.2%) and Vodafone (22.5%). In broadband, 1&1 is the third largest company in terms of market share (10.7%), behind Deutsche Telekom (40.6%) and Vodafone (27%). Telefónica is in fourth place with…

Neinor nuevo

Companies, Relevant News Item 21st October 2025

Neinor Homes AGM approves takeover bid for Aedas and reiterates 2025 guidance

Renta 4 | On Monday, Neinor Homes held its extraordinary AGM to obtain approval for the takeover bid for AEDAS Homes. The company also took advantage of the AGM to reiterate its 2025 guidance and provide operational visibility, highlighting: 1) having received the Final Works Certificate (FWC) for 100% of the developments scheduled for delivery in 2025; 2) a 2025 pre-sale coverage ratio of close to 97% and 75% for…

france economy

In Europe 20th October 2025

S&P unexpectedly downgrades France’s credit rating to A+ with stable outlook due to ‘uncertainty over public finances’

Bankinter | S&P unexpectedly downgraded France’s credit rating to A+ with a stable outlook (from AA- with a negative outlook, since February 2025). S&P noted that ‘uncertainty over public finances remains high’ and that in the ‘absence of significant additional measures to reduce the deficit’, consolidation will be ‘slower than previously anticipated’. Furthermore, ‘the lack of visibility on the fiscal consolidation plan is weighing on France’s economic growth’. Bankinter analysis…

Cellnex

Companies, Relevant News Item 20th October 2025

Cellnex sells all shares in Towerlink France for €391 million

Link Securities | Cellnex (CLNX), through its wholly owned subsidiary, Cellnex France, S.A.S., has entered into a put option agreement with Vauban Infra Fibre, under which Cellnex France, S.A.S. may, following the usual information and consultation process with the works council of Cellnex France, S.A.S. in France, sell and transfer all of its shares in Towerlink France, S.A.S., representing 99.99% of its share capital. Towerlink France, S.A.S. is the entity…

Aena nuevo

Companies 20th October 2025

Aena 9M25 preview: aeronautical revenue could increase around 5%, commercial 8.5%

Renta 4 | Aena (AENA) will publish its 9M25 results on Wednesday, 29 October 2025, at the market opening, with a conference at 1:00 p.m. P.O. €21.03, recommendation to underweight. Driven by air traffic, which in 9M in Spain has exceeded annual forecasts (up 3.9% against 3.4% Aena and Renta 4 guidance, and 3.9% consensus, our forecast is that Aena will update this guidance to around 4%), we expect aeronautical…