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Articles by The Corner

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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.
iberdrola megachuli

Companies, Ibex, Markets 21st August 2024

Iberdrola to invest €11m in renovating Onda electricity substation in Castellón

CdM | Iberdrola (IBE), through its distribution company i-DE, is to invest €11 million in the extension and renovation of the Corral del Cuervo transformer substation, located in Onda (Castellón). The remodelling of the substation will provide a greater number of 132 kilovolt (kV) line positions, which will make it possible to operate with greater flexibility in the distribution of energy in the area and improve adaptation to operating conditions,…

EEUU industria

In the World, Relevant News Item, World economy 20th August 2024

US leading indicator deteriorates in July to lowest level since 2016

Bankinter: The leading Indicator deteriorated more than expected in July (-0.6% month-on-month from -0.2% previously and -0.4% expected). The Leading Indicator fell by – 0.6% (month-on-month) in July; in year-on-year terms -5.2%, which broke with the slight trend of improvement of the last six months. From a historical perspective, the indicator registers the lowest level since November 2016 (one tenth below April 2020). By components, the improvement in Consumer Orders…

Técnicas Reunidas 2

Companies, Relevant News Item 20th August 2024

Técnicas Reunidas successfully develops technologies with critical raw materials and rare earths

Link Securities | Técnicas Reunidas (TRE) has announced that it has successfully developed proprietary technologies in two areas that are currently of great strategic and geopolitical importance: critical raw materials and rare earths, according to the Bolsamanía portal. In addition, TRE has other proprietary technological developments in fields that are fundamental to the energy transition, such as carbon capture, green hydrogen production, the circular economy and biorefining. The company carries…

Fluidra piscina

Companies, Ibex 20th August 2024

Fluidra announces agreement to acquire Australia’s leading filtration systems manufacturer Chadson Engineering

Link Securities | Spanish company Fluidra (FDR), which specialises in connected pool and wellness equipment and solutions, announced on Monday an agreement to acquire Chadson Engineering, a leading designer and manufacturer of granular and regenerative filtration systems. This acquisition complements Fluidra’ s commercial pool product offering and enhances its ability to offer a wide range of solutions to customers in the Asia-Pacific region. With over 50 years’ experience and based…

Abertis reorders its shareholder's debt through its dividend policy

Companies, Ibex 20th August 2024

Abertis (ACS) awarded concession of Chile’s Ruta 5 motorway, investment of around €1,000m needed

Banc Sabadell | Abertis (~46% ACS (ACS) net minority interests and 15% of our P.O.) announced that it has been awarded the concession for the Ruta 5 Santiago-Los Vilos highway (Chile), a 223 km highway connecting the capital (Santiago) with the coastal/tourist area of Los Vilos. This is an asset that has been operating for more than 20 years (brownfield) and links the Autopista Central with the Autopista de Los…

exportaciones comercio viajes 1

European economy, In Europe, Relevant News Item 20th August 2024

Eurozone trade surplus rises to €22.3 billion in June

Link Securities | According to Eurostat data, the Eurozone’s trade surplus rose to €22.3 billion in June, exceeding analysts’ consensus forecast of €13.3 billion and also surpassing the €18 billion surplus in the same month last year. Imports decreased by 8.6% year-on-year to €214 billion, mainly due to lower purchases of manufactured goods (-11.0%); transport equipment and machinery (-11.0%); mineral fuels, lubricants and related products (-9.1%); and chemicals (-6.8%). Meanwhile,…

acciona canada

Companies, Ibex 20th August 2024

ACS and Acciona win motorway in US for almost €10 billion

Intermoney | ACS (Buy, PO 46 €) and Acciona (Buy, PO 200 €) have been awarded, together with the Meridian fund, the SR400 toll road, which will be located in the vicinity of Atlanta (United States), according to the newspaper El Confidencial. With an investment of approximately €9.8 billion, the project has a construction period of approximately 5.5 years with an operation and maintenance period of a further 50 years….

Sacyr

Companies, Ibex 19th August 2024

Sacyr, Acciona and Plenary Americas consortium closes financing for construction of Calcasieu River Bridge

Link Securities | The Calcasieu Bridge Partners (CBP) consortium, formed by Sacyr (SCYR), Acciona (ANA) and Plenary Americas, has reached financial closure for the design, construction, operation and maintenance for 50 years of the bridge over the Calcasieu River, part of the Interstate Highway (I-10), in Louisiana (USA), according to Expansión newspaper. According to Efe, the financing includes a tax-exempt private activity bond issue for an amount of $1.333 billion…

naturgy eolica

Companies, Ibex, Markets 19th August 2024

Buy Naturgy: improving environment, high dividend yields and attractive multiples

Bankinter | Despite a less favourable environment for gas and electricity prices, Naturgy has been able to maintain its H1 results at a similar level to last year thanks to the better contribution of the regulated network activity, new investments in renewables and the improvement of the marketing margin. For the full year, the management team expects to achieve an EBITDA of over €5.3bn and a Net Profit Restated of…