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.
indra edificio

Government allocates most of defence loan budget to Indra: €2.178 billion out of total €6.89 billion in 0% loans

Indra headquartersRenta 4 | The government has allocated €6.89 billion in 0% loans to the military industry through the approval of three Royal Decrees to finance 18 PEM (Special Modernisation Programmes) projects. In September, the government already approved €7.334 billion for 13 PEM projects that had gone to Airbus (€3.68 billion), Navantia, Hisdesat and Indra itself. In this award, Indra will be the main beneficiary and will receive €2.178 billion…


amadeus logo fachada

Preview of Amadeus results for 9M25: EBITDA expected to grow 6% compared to double digits last year; P.O. up to €70 from €65

Intermoney | The company will present its 9M25 results on 7 November before the market opens, holding a conference call on the same day at 1 p.m. The figures should confirm the slowdown in growth compared to 2024, driven by the mediocre performance in the US and the Middle East, as well as the relative depreciation of the dollar, meaning that both revenue and EBITDA should grow by around 6%,…


Endesa eolica

Endesa closes second phase of share buyback programme for €442 million

Norbolsa | The Spanish energy company has completed the second phase of its share buyback programme for €442 million, at a weighted average price of €26.01 per share, and will launch a third phase today for up to €500 million, which will last until 28 February 2026. Both programmes are part of the €2 billion buyback plan approved by the Board of Directors on 26 March and authorised by shareholders…


NATO's military

Trump accuses Spain of Being “Very Disrespectful” to NATO and Threatens Trade Retaliation

“I think it’s very disrespectful to NATO. I was actually thinking of imposing a trade penalty on them—on Spain—through tariffs for what they did, and I might do it. I think it is incredibly disrespectful” to the Atlantic Alliance, said President Trump yesterday, Tuesday, during a meeting with Argentine President Javier Milei at the White House. Trump insisted that he is “very upset with Spain,” as it is the only…


china aranceles

China’s trade balance deteriorates in September, but due to 7.4% rise in imports

2025 Bankinter | China’s trade balance deteriorates in September, although due to higher imports. The trade balance is $90.45 billion versus $98.05 billion estimated and $102.3 billion previously. Exports are up 8.3% year-on-year against 6.6% expected and 4.4% previously. Imports are up 7.4% year-on-year against 1.8% expected and 1.3% previously. Analysis team’s view: Although the trade balance is apparently weak, having fallen more than expected, the truth is that this…


cirsa

Cirsa issues bonds worth €1 billion following July’s upgrade of debt rating

Renta 4 | The company has notified the National Securities Market Commission (CNMV) that it will issue senior secured fixed-rate bonds maturing in 2031 and senior secured variable-rate bonds maturing in 2032 for a total nominal amount of €1 billion. This refinancing is being carried out by taking advantage of the improvement in its debt rating by rating agencies at the end of July and the reduction in net debt…


Grenergy nueva

Grenergy inaugurates ‘Monte Aguila’ hybrid plant, combining solar generation and storage, in El Cabrero, Chile

Alphavalue / Divacons | The renewable energy company held the groundbreaking ceremony for the ‘Monte Aguila’ hybrid plant, located in El Cabrero (Chile). The project will combine solar generation and storage with an installed capacity of 340 MW of solar energy and 960 MWh of battery storage. The total investment amounts to $264 million (approximately €228 million). This plant is part of the Central Oasis project in Chile and is…


inditex zara interior

Inditex opens store in Caesars Palace in Las Vegas, one of Nevada’s largest shopping centres

Link Securities | Inditex (ITX) has set its sights on Las Vegas (Nevada, United States), with the opening of a store in Caesars Palace, one of the largest gaming and shopping establishments in the state, according to a report on Tuesday by Expansión. Inditex announced that it will open a Zara flagship store in The Forum Shops at Caesars Palace, the shopping centre of the famous hotel and casino. The…


Aena nuevo

Aena passenger traffic up 2.6% in September, exceeding 30 million passengers

Intermoney | Aena (AENA) (Hold, Target Price €24) announced its passenger traffic figures for September 2025 on Monday when the market opened. Figures in Spain showed a increase of 2.6% last month, exceeding 30 million passengers, of which nearly 11.3 million were distributed between Barajas and El Prat, which increased their figures by slightly less than 1% and 4%, respectively. Among the other major airports, Malaga (up 5%) and Alicante…


bbva sabadell

Only 2.8% of retail shareholders with shares deposited at Banco Sabadell accept BBVA’s takeover bid

Bankinter | Only 2.8% of retail shareholders who have their shares deposited at Banco Sabadell (SAB) accept BBVA’s takeover bid (BBVA). Bankinter analysis team’s view: This is a very low percentage, implying acceptance of only ~1.1% of the capital, as these shareholders represent ~30.8% of Sabadell’s share capital. We do not yet know the percentage of acceptance among retail investors who have their shares deposited with other entities and among…