Top Stories

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.
telefonica gran via

Companies 6th October 2025

Telefónica reportedly preparing redundancy plan affecting over 6,000 employees at the end of year

Bankinter | Telefónica (TEF) is preparing a redundancy plan based mainly on voluntary departures, which it will negotiate with the unions before the end of the year, according to media reports. The plan would affect more than 6,000 employees across all the group’s subsidiaries. Bankinter analysis team’s view: Telefónica will present its new Strategic Plan on 4 November. One of the points of the Plan is to simplify the group’s…

Companies restructuring

Spanish economy 6th October 2025

SME and Self-Employed Insolvencies Hit Record High, Growing 7% Through June

Insolvency proceedings (creditors’ voluntary arrangements) filed by Small and Medium-sized Enterprises (SMEs) and self-employed workers have once again reached a record high in the second quarter, increasing by 7.1% compared to the same period in 2024, to 2,642 filings. These insolvency proceedings thus mark their fifth consecutive year of increases for SMEs in the second quarter, dating back to 2020 when filings were partially suspended due to the COVID-19 pandemic…

Pharmamar

Companies 3rd October 2025

FDA approves Zepzelca (Pharma Mar) + Tecentriq (Roche) combination therapy for treating lung cancer

Bankinter | The FDA has authorised the combination therapy as a first-line maintenance treatment for adults with advanced small cell lung cancer, following platinum-based therapy. Bankinter analysis team’s view: Positive news, Zepzelca was approved as a second-line treatment, now it moves to first-line and maintenance, making it the first choice for oncologists. This approval should be reflected in an increase in royalty income, direct sales of the drug and sales…

empleo eurozona 1

European economy, In Europe 3rd October 2025

Eurozone unemployment rate rises to 6.3% in August, aggregate increase of 11,000 workers

Intermoney | The unemployment rate rose by one tenth of a percentage point in August to 6.3% across the Eurozone as a whole. We could have guessed this once we saw the data, which was somewhat unfavourable and showed an increase of 14,000 in the number of unemployed. At the aggregate level for the eurozone, this increase was 11,000, offset by other more moderate readings. However, we continue to see…

Endesa nocturnal

Uncategorised 3rd October 2025

Endesa sells 49.99% of EGPE Solar 2 to Masdar

Link Securities | Endesa has closed a deal with Masdar, a leading clean energy company in the United Arab Emirates, to sell a minority stake equivalent to 49.99% of the share capital of EGPE Solar 2, a wholly-owned entity that brings together four of Endesa’s photovoltaic assets in operation in Spain, with a total installed capacity of around 446 MW. Under the agreement signed on 24 March 2025, Masdar has…

bbvasabadell

Companies 3rd October 2025

One week before deadline for accepting offer, BBVA secures 10% of Sabadell’s capital

Link Securities | Preliminary figures on the percentage of Sabadell shareholders accepting BBVA’s takeover bid suggest that the Basque bank has secured 10% of the Catalan bank’s capital, according to today’s edition of Expansión newspaper. With one week to go before the offer acceptance deadline, BBVA has secured 3.86% from Mexican investor David Martínez and around 30% from index funds, which account for 20% of Sabadell’s capital, and 1% from…

Santander EEUU 1

Companies 3rd October 2025

US considering no longer treating EU as single market to increase capital ratios for foreign banks; Santander would be most affected

Renta 4 | According to press reports, the US is seeking to improve the competitiveness of American banks vis-à-vis their European counterparts and is considering increasing capital requirements for foreign banks. The change would be due to the impact of no longer considering the European Union as a single market. Since 2022, the European Union has been considered a single market and is recognised in the calculation of ratios as…

Repsol nueva

Companies 3rd October 2025

Repsol negotiates agreement with US to unblock €330 million of energy assets in Venezuela

Banco Sabadell | According to press reports, Repsol is in intense negotiations with the US government to unblock its energy assets in Venezuela, valued at €330 million (2% capitalisation). Since the trade blockade imposed by Donald Trump in March, the company has been unable to export hydrocarbons as compensation for PDVSA’s historical debts to it. Repsol is seeking White House authorisation for a compensatory agreement that would allow it to…

Spain tourism

In Spain 3rd October 2025

Spain receives 66 million tourists (up 3.9%) before August end, spending €198 daily

In the first eight months of 2025 (8M2025), the number of tourists who visited Spain increased by 3.9%, reaching 66.77 million, the highest figure in that period in the INE’s Frontur series. The main sending countries during the 8M2025 period were the United Kingdom (with nearly 13.2 million and a 4.3% increase), France (with almost 9.2 million and an increase of 0.1%), and Germany (with over 8.2 million, a 2.0%…

Talgo

Companies 2nd October 2025

Trilantic and Talgo buyer consortium to modify purchase price of 29.8% held by fund to €4.25 per share

Link Securities | The Spanish train manufacturer is beginning the countdown to complete the change of majority shareholder that began at the end of 2022, after the British fund Trilantic notified its intention to divest its majority stake, according to a report published today by the digital newspaper elEconomista.es. The company’s CEO, Gonzalo Urquijo, acknowledged yesterday in a meeting with analysts that the management’s timetable envisages completing the transaction in…