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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.
manufacturas2

European economy, In Europe 4th August 2025

Eurozone manufacturing sector regains momentum, rising to 19.8 in July, but caution remains

CdM | The Eurozone manufacturing sector is regaining momentum, but with caution. At the start of the third quarter, operating conditions stabilised broadly, according to the PMI index. ‘With the new trade framework agreed between the EU and the US, uncertainty should ease and the signs point to a continued upward trend in the coming months.’ This is the view of Hamburg Commercial Bank, which comments that supply chains “remain…

Mapfre

Companies 2nd August 2025

Mapfre RE acquires office building in Madrid, investment aimed at diversifying portfolio with alternative assets

Link Securities | Mapfre RE, the reinsurance unit of Mapfre (MAP), has acquired an office building in Madrid, an investment aimed at diversifying the company’s portfolio with other alternative assets, according to the newspaper Expansión. The nine-storey building is located at María de Molina, 54, in the Salamanca district, a few metres from Príncipe de Vergara, with direct connections to both the A-2 motorway and Adolfo Suárez Madrid-Barajas airport. It…

cellnex novisimo

Companies 2nd August 2025

Cellnex 1H25: cash flow performance improves and contract management remains very solid

Renta 4 | Revenues grew in line with estimates, up 1.1% (6% pro forma) thanks to pro forma organic growth of 4% in points of presence (the remainder coming from placements and BTS, lifting pro forma tower business revenues by 5.2%), with a margin rising slightly thanks to the management of operating expenses and rents, allowing pro forma organic growth in EBITDA after rents of 8.1%, improving our outlook due…

dia carroCM

Companies 1st August 2025

DIA posts €37.8 million profit in H1 2025, compared to losses of €94 million in same period 2024

Alphavalue/DIVACONS | The supermarket chain reported its H1 2025 figures on Thursday, closing up 0.53%. Net sales of €2.857 billion (up 5% year-on-year); EBITDA of €133 million (up 4% year-on-year). Profit of €37.8 million compared to losses of €94 million in the same period last year. Martin Tolcachir, a director at Dia, stated that the 2025-2029 Strategic Plan is ‘progressing as planned’. The director explained that during 1H25, the business…

fed powell nov 2023

In the World 1st August 2025

Fed meets expectations, keeps rates at 4.25%/4.50% in first meeting since 1993 with two dissenting votes

Bankinter | The Fed meets expectations and keeps benchmark interest rates (Fed Funds) at 4.25%/4.50%. The decision was not unanimous, as two governors (Waller and Bowman) voted in favour of cutting rates by 25 basis points. A third governor was absent and did not vote (Kugler). This is the first meeting since 1993 with two dissenting votes. Bankinter analysis team’s view: The decision to keep rates unchanged makes sense in…

bbva sabadell

Companies, Relevant News Item 1st August 2025

BBVA opens door to withdrawing takeover bid for Sabadell after Catalan bank’s board meeting to approve TSB sale to Santander

Link Securities | BBVA (BBVA) has opened the door to withdrawing its hostile takeover bid for Banco Sabadell (SAB) following the extraordinary shareholders’ meetings to be held by the Catalan bank on 6 August to approve the sale of TSB to Santander (SAN) and the subsequent distribution of an extraordinary dividend of €2.5 billion, according to the newspaper Expnasión. ‘There are no guarantees,’ said BBVA CEO Onur Genç in response…

Iberdrola guapa

Companies, Relevant News Item 1st August 2025

Iberdrola sells 2.6 GW generation and supply portfolio in Mexico to Cox ABG for $4.2 billion

Alphavalue/DIVACONS | The Spanish utility is exiting the Mexican market to finance its €55 billion investment plan through 2031, with a strategic focus on regulated network businesses in the United States and the United Kingdom. On Thursday after the close of trading, the group reached an agreement with Cox ABG for the sale of its 2.6 GW generation and supply portfolio in Mexico for $4.2 billion. The divestment of most…

redeia fachada

In Spain 31st July 2025

CNMC announces remuneration proposal for 2026-2031 regulatory period: Redeia’s revenues would grow to €1.858 billion

Bankinter | The CNMC (National Markets and Competition Commission) has published its remuneration proposal for Redeia’s electricity transmission network business for the next regulatory period 2026-2031. The proposed financial remuneration rate is 6.46% (against 5.58% previously) and includes significant investments in the network for this period. As a result, Redeia’s regulated income would grow from €1.217 billion forecast for 2025 to €1.858 billion in 2031, representing an average annual growth…

melia 4

Companies, Markets 31st July 2025

Meliã earns €69 million (up 90%) in 2Q2025 thanks to €23.9 million in capital gains

Intermoney | The hotel chain has once again posted very solid results, more or less in line with our estimates at the high end, but slightly better in terms of margins and at the low end. All the markets in which it operates continue to show great strength, with the exception of Cuba and Germany, with a 6% increase in RevPar for the quarter (4.7% from price and 1.3% from…

airtificial robot salida bolsa

Companies, Relevant News Item 31st July 2025

Airtificial wins €1.8 million project to design 100% automated assembly line in China

Link Securities | The company announced to the National Securities Market Commission (CNMV) that it has strengthened its presence in Asia with the award of a new high-tech project for one of the world’s top 20 Tier 1 suppliers, the relocation of its headquarters to the Suzhou Industrial Park and the expansion of its operations centre in China. Both milestones, which form part of the activity of its Intelligent Robots…