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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.
unicaja logo fachada

Companies 20th October 2025

Unicaja launches interest-bearing online account aimed at new self-employed customers

CdM | Unicaja (UNI) has launched an interest-bearing online account aimed at new self-employed customers, offering a return of up to 3% APR during the first 12 months. It also includes a 1% refund on the sum of the main direct debits and exemption from maintenance and administration fees. ‘The bank’s objective is to reinforce its commitment to attracting new self-employed customers throughout the country, focusing on a model of…

melia 4

Companies 20th October 2025

Meliã open to potential acquisitions that will not put pressure on cash flow, via capital increase

Renta 4 | Interview with Mr Gabriel Escarrer in Expansión newspaper. Among the comments we highlight: If good acquisition opportunities arise (holiday segment), Meliã would carry out a capital increase, which would not put pressure on cash flow. The current situation for Meliá and the sector is one of ‘normalisation’, after several years of strong growth following Covid-19, in which they grew three times faster than the GDP of the…

Iberdrola edificio

Companies 20th October 2025

Iberdrola and Scottish Power sound out rivals about possible deal involving UK retail business

Link Securities | Iberdrola (IBE) and Scottish Power have sounded out their rivals about a possible deal involving their UK retail business, as the sector faces high consumer debt and rapid growth from Octopus Energy, according to Expansión newspaper. Iberdrola has reportedly spoken to several companies in the sector about a merger with Scottish Power in response to the challenges facing the retail market, according to people familiar with the…

ERTES extension

In Spain 20th October 2025

Labour Ministry wants to toughen conditions for unfair dismissals

The Minister of Labour and Second Deputy Prime Minister, Yolanda Díaz, intends to toughen the conditions for dismissals considered unfair (improcedentes)—which currently generate compensation of 33 days’ salary per year worked, capped at 24 months’ salary—based on the premise that the current regulation of fixed compensation is neither a d for eterrent for companies nor does it sufficiently repair the harm done to affected workers. With this premise, the Ministry…

OHLA Canalejas

Companies 17th October 2025

OHLA reaches agreement with Mohari for distribution of Canalejas Complex: shopping centre and car park for OHLA, Mohari keeps hotel

CdM | OHLA (OHLA) informed the Spanish National Securities Market Commission (CNMV) on Friday that it has reached an agreement in principle with Mohari Hospitality — a global investment firm specialising in the luxury hotel sector — for the division of the Canalejas Complex asset, an agreement that the company describes as ‘positive for both parties’. According to the statement, OHLA will retain ownership of the Canalejas Gallery and the…

China economia

In the World 17th October 2025

Average spending per traveller during China’s Golden Week 0.55% lower than last year and 3% below pre-pandemic levels.

Intermoney | In the Asian giant, the first figures we saw for Golden Week in early October once again highlight the sluggishness of Chinese domestic demand. It is true that domestic tourist trips reached 888 million, up from 765 million in the same week in 2024, but this was because there was an extra public holiday this year. The key figure for assessing the strength of demand is the average…

Grifols

Companies, Relevant News Item 17th October 2025

Grifols boosts diagnostics business with €43 million expansion of San Diego plant

Renta 4 | The company has expanded its San Diego (US) campus dedicated to diagnostics and, in particular, blood typing. The expansion, at an approximate cost of $50 million (€43 million), has included the construction of a new plant that nearly doubles the surface area to 18,200 m2. Grifols has begun production of DG Gel cards, used in blood typing tests, and red blood cell reagents, used to detect antibodies….

Repsol nueva

Companies 17th October 2025

Repsol and Forestalia to undertake largest energy hybridisation project to date in Spain in Aragón, with large data centre developed by third party

Link Securities | The company, together with Forestalia, announced yesterday that they will double their partnership in Aragón (the combined cycle power plant in Escatrón with fifteen wind farms) to a total of 1,600 MW, which will enable a third party to develop a large data centre in the area, according to Expansión. With this scale, it would be the largest energy hybridisation project in Spain to date. Sources in…

Iberdrola east anglia

Companies 17th October 2025

Iberdrola to seek partner to sell 49% of East Anglia Two offshore wind farm, valued at €5 billion

Norbolsa | The company announces that it plans to seek a partner for the sale of 49% of the East Anglia Two offshore wind farm, valued at €5 billion. Thus, following the sale of 49% of East Anglia One and East Anglia Three, the company plans to seek a new partner for the second phase of this offshore development, which corresponds to a 960 MW development. Meanwhile, according to press…

bbva sabadell

Companies, Relevant News Item 17th October 2025

Following failure of Sabadell takeover bid for, BBVA to pay interim dividend of €1.8 billion to leave best possible impression

Jefferies | With a low acceptance rate of 25%, BBVA’s takeover bid for Sabadell has reached a deadlock. We now expect management to focus on leaving the best possible impression. This implies the possibility of distributing 15% of market capitalisation in the short term and up to 40% in 2028. We expect the shares to react positively, given the implications that an acceptance level of less than 50% would have…