Articles by The Corner

About the Author

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.
Naturgy edificio 640x420

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

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

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…


india rupias

Trump announces additional 25% tariffs on India for importing oil from Russ

Bankinter | Trump announces additional 25% tariffs on India for importing oil from Russia. These are in addition to the 25% announced last week, bringing the final tax to 50%. Bankinter analysis team’s view: The US president has followed through on his threats and raised tariffs on Indian imports to 50% as a sanction for buying oil from Russia. The Indian government considers the measure ‘unfair and unreasonable’, arguing that…


sacyr edificio logo nuevo

Sacyr signs contract to build Messina bridge, with planned investment of €10.6 billion

Intermoney | Sacyr (SCYR) (Buy, Target Price €4.4 per share) announced on Wednesday after the market closed that it had signed the contract to build the Messina Bridge, which will link the island of Sicily with the rest of Italy. The project concessionaire, Stretto di Messina, is majority-owned by the Italian state and other public administrations. The main contractors include WeBuild, formerly Impregilo, and Sacyr, with a 22% stake, among…


grifols edificio

CNMV imposes several fines on Grifols and directors for almost €1.4 million for deficiencies in financial reporting

Link Securities | The Spanish National Securities Market Commission (CNMV) has imposed several fines on Grifols (GRF) and its directors for a total of almost €1.4 million for deficiencies in its financial information and management reports, according to Expansión newspaper. The Official State Gazette (BOE) published on Wednesday a resolution dated 24 July by the CNMV announcing the penalties for very serious and serious infringements imposed on Grifols and several…


Retail Eurozone

Retail sales in Eurozone and EU rise 0.3% in June

CdM | Retail trade volume grew by 0.3% in June compared to the previous month in both the Eurozone and the European Union (EU), according to estimates published by Eurostat, the EU’s statistical office. The figure was below the expected 0.4%. In detail, in both the eurozone and the EU, sales rose by 0.2% in food, beverages and tobacco and by 0.6% for non-food products (excluding car fuel). Motor fuel…


solaria operario

Stoneshield Holding fund reveals 9.321% stake in Solaria’s capital

Link Securities | Stoneshield Holding, the investment fund founded by Felipe Morenés Botín-Sanz de Sautuola and Juan Pepa, has disclosed a 9.321% stake in Solaria (SLR), becoming the company’s second largest shareholder, according to elEconomista. According to National Securities Market Commission (CNMV) records, the firm has declared control over a block of 11.64 million shares in the renewable energy company, representing 9.321%. Specifically, Stoneshield owns 2.797% of Solaria’s capital acquired…


Ence nuevita

Regional Government of Galicia grants Integrated Environmental Authorisation to Ence’s bleached recycled fibre bioplant in As Pontes

Link Securities | The Galician Regional Government has granted Integrated Environmental Authorisation (AAI) to the bleached recycled fibre bioplanta of Ence (ENC) in As Pontes (A Coruña), as detailed in the Official Gazette of Galicia and reported by the Bolsamania website. This is a strategic step for the company in promoting this initiative, which was declared a strategic industrial project by the regional government in 2023. With the IEA, ENC…


iberdrola renovables

Iberdrola negotiates sale of 49% of 1,000 MW renewable energy portfolio valued at €900 million to Fortescue

Bankinter | The Australian group Fortescue, listed on the Sydney Stock Exchange and with a market capitalisation of more than €30 billion, is negotiating with Iberdrola (IBE) the acquisition of 49% of a 1,000 MW solar and wind portfolio from Iberdrola. This portfolio is valued at least €900 million (including debt). Bankinter analysis team’s view: Good news and a transaction consistent with the group’s strategy. Iberdrola has been developing this…