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.
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Unicaja rules out potential corporate transactions with other banks to achieve €1.6 billion 2027 profit target

Link Securities | The bank is not considering anything other than growing on its own. This was confirmed by Isidro Rubiales, the bank’s CEO, during his speech at the 16th Financial Meeting organised by Expansión-KPMG, in collaboration with American Express and Cunef University, according to Expansión newspaper. The bank’s chief executive has ruled out potential corporate transactions with other entities because, he said, Unicaja still has considerable capacity to continue…


Retail Eurozone

Eurozone retail sales grow 1% year-on-year in August, compared to 2.1% previously

Bankinter | Retail sales in the Eurozone in August were lower than expected: up 1.0% year-on-year compared to the expected 1.3% and the previous 2.1% (revised from 2.2%). Noteworthy is the decline in France (which recorded a drop of 1.4% against a 1.2% gain previously) and Germany (up 1.8% against 2.9% previously). Analysis team’s view: Despite the weakness of the data, EMU retail sales have fluctuated within a stable year-on-year…


OHLA

Fitch reinstates coverage of OHLA with B- rating, highlighting improvement in financial structure

Intermoney | OHLA (OHLA) (Buy, Target Price €0.7/share) announced on Monday, after the market closed, that the rating agency Fitch has reinstated its coverage of the stock, assigning it a rating of B-. According to Europa Press, the agency highlights an improvement in the financial structure of the company, which has achieved a reduction in its debt, as well as an extension of the maturities of the remaining debt, a…


airtificial robot salida bolsa

Airtificial Group signs €3 million contract for design, manufacture and commissioning of two production lines

Link Securities | Airtificial Group (AI) has signed a €3 million contract with a new customer, a major global Tier 1 in the automotive sector, for the design, manufacture and commissioning of two production lines for the assembly, verification and automatic testing of interior door modules, whose end customer is a well-known sports car brand. The Intelligent Robots division will be responsible for carrying out this project, which will have…


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Naturgy carries out accelerated placement of 3.5% of capital to increase free float

Bankinter | Naturgy announces the sale of shares from its treasury stock representing 3.5% of its capital. Naturgy currently holds 4.4% of its share capital in treasury stock. The transaction was carried out through an accelerated placement of 34.1 million shares on the market. The placement price was €25.90 per share, a discount of 3.9% compared to yesterday’s closing price. At these prices, the placement transaction amounts to €883 million….


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Indra Wins £1.7 Billion London Underground Ticketing Contract

The Spanish group, through its Mobility subsidiary, has won the Transport for London (TfL) tender for the operation, development, and improvement of the transport ticketing system, including ticket sales and access control, used daily by eight million people. The system records about eight million daily travelers and covers not only the Underground (Tube) but also the Overground, DLR, Tram, the famous red buses, and the equivalent of the English capital’s…


bbva sabadell

BBVA denies reaching agreement with shareholder David Martínez to participate in takeover bid

Alphavalue/DIVACONS | On Friday, the president of the financial institution, Carlos Torres, denied that an agreement had been reached with Banco Sabadell shareholder and director (add Target Price €3.97/share) David Martínez to participate in the takeover bid for the Catalan institution. Martínez has written an article in El País and Cinco Días in which he states that the consolidation of Sabadell and BBVA will result in an institution that is…


Izertis Gijón

Izertis acquires Icalia and Icatd, specialists in software development and digital transformation

Link Securities | The company has signed an agreement to acquire the digital transformation business of the ICA Group through the acquisition of 100% of the share capital of the Spanish companies ICA Transformación Digital S.L.U. and Icalia Solutions S.L.U., specialising in software development, web applications and portals, and mobile applications, as well as digital transformation consulting, process digitisation, systems and application integration, and data intelligence, with a presence in…


españabilleteCM

General Council of Economists raises 2025 forecast for Spanish GDP growth to 3%

CdM | The General Council of Economists (CGE) has revised its GDP growth forecast for 2025 upwards to 3%, four tenths higher than its previous estimate, following the recent update by the National Statistics Institute (INE), the dynamism of the first two quarters of this year and the strong performance of domestic demand and the labour market, among other factors. This improvement is in line with those made by the…


oil

OPEC+ t increase oil production by 137,000 bpd from November onwards

Link Securities | The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to a modest increase in production, easing market fears of a larger rebound. On Sunday, the oil-producing alliance agreed to increase its production by 137,000 barrels per day (bpd) in November, matching October’s increase, with markets viewing the move as cautious amid persistent concerns about potential oversupply. OPEC+ described its latest move as…