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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.
santander edificio

Companies 11th August 2025

Banco Santander, through Uro Property, assumes costs of €120 million to settle lawsuit ongoing since 2022 with its investee company’s creditors

Link Securities | Banco Santander (SAN), through its office subsidiary Uro Property, has assumed costs of €120 million to settle the lawsuit it had been involved in since 2022 with the creditors of its subsidiary, according to the newspaper Expansión. In 2020, the bank took control of Uro and contributed more than €1 billion to cancel the debt of the real estate company. Following this, Uro’s former bondholders also claimed…

Naturgy Australia

Companies, In Spain 11th August 2025

National Court dismisses proceedings brought by Public Prosecutor’s Office against Naturgy Generación in June 2024

Link Securities | The National Court has agreed to close the proceedings brought by the Public Prosecutor’s Office in June 2024 against Naturgy Generación (Naturgy (NTGY)) for an alleged offence relating to the market and consumers for increasing energy production prices at its combined cycle thermal power plant in Sabon 3 (A Coruña) from March 2019 to December 2020, according to Expansión newspaper. According to the group’s half-yearly report submitted…

ACS new

Companies, Relevant News Item 11th August 2025

ACS and Vinci sign agreement to dissolve joint venture in renewable energy

Intermoney | ACS (Buy, PO €63) announced last Friday after the market closed that it had reached an agreement with French company Vinci to dissolve their joint venture for the development of renewable energy capacity. This JV arose from the French company’s purchase of ACS’s Cobra industrial services business for around €5 billion, announced in 2021. Friday’s agreement specifies a final payment by Vinci of around €300 million, which, according…

durofelguera

Companies 8th August 2025

Duro Felguera reaches preliminary agreement with unions to reduce number of workers affected by redundancy plan

Link Securities | Duro Felguera (MDF) has reached a preliminary agreement with unions to reduce the number of workers affected by the redundancy plan, initially proposed for 249 workers, to 180, according to Expansión. According to sources familiar with the process who spoke to the newspaper, under the agreed terms, those affected will receive 25 days per year with a cap of 14 monthly payments.

enagas sede

Companies 8th August 2025

Enagás successfully completes Spain’s first bioLNG loading at Regasification Plant in Port of Cartagena

Alphavalue/DIVACONS | The gas company successfully completed Spain’s first bioLNG loading at its Regasification Plant located in the Port of Cartagena. The operation, which is the largest in volume to date in the country, consisted of supplying approximately 3,500 cubic metres of bioLNG to the supply vessel Avenir Aspiration, chartered by Axpo. This bioLNG will be used in a subsequent operation tosupply a container ship, a process known as ‘ship…

energia solar cubiertas

Companies 8th August 2025

Bankinter and Acciona Energía to collaborate to offer energy solutions to bank’s business customers

Link Securities | Bankinter (BKT) and Acciona Energía (ANE) have signed a collaboration agreement to offer the bank’s business customers a comprehensive energy services solution for their facilities, with favourable financing conditions, according to yesterday’s report on the Bolsamanía website. According to both companies, the solutions offered include photovoltaic self-consumption projects, storage batteries, electric vehicle chargers and aerothermal energy. On the one hand, Acciona Energía will provide a turnkey service…

Naturgy edificio 640x420

Companies, Relevant News Item 8th August 2025

Naturgy connects first biomethane plant in Navarre to gas network through distributor Nedgia

Link Securities | Naturgy (NTGY), through its distributor Nedgia, has connected the first biomethane plant in the Autonomous Community of Navarre to its gas network, according to the Bolsamanía website. The facility has been promoted by the company E-cogeneración Cabanillas and will produce up to 22 GWh of renewable gas from the treatment of livestock and agri-food waste. This amount is equivalent to the consumption of 4,000 households. Nedgia Navarra,…

china exportaciones

In the World, World economy 8th August 2025

China’s July trade balance shows larger-than-expected slowdown in surplus

Link Securities | Dollar-denominated exports rose 7.2% year-on-year in China in July, beating the Reuters consensus of 5.4% and following 5.8% growth in June. Bloomberg highlighted that the resilience of Chinese exports came despite US tariffs, indicating strong global demand and exports remaining a key factor in the economy. Imports rose 4.1% year-on-year in July, contrasting with the expected 1.0% decline and accelerating growth from 1.1% in June. Imports, growing…

TSB Sabadell

Companies, Relevant News Item 7th August 2025

Sabadell shareholders give green light to TSB sale and approve distribution of €2.5 billion extraordinary dividend

Bankinter | Shareholders have given the green light to the sale of British subsidiary TSB to Santander for €3.1 billion and approve the distribution of an extraordinary dividend of €2.5 billion by a large majority (>99.5% in both cases). Bankinter analysis team’s view: The decision was taken on Wednesday during two Extraordinary General Meetings, and Sabadell’s share price reacted with a rise of 2% (versus 0.9% for the Spanish stock…