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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.
Applus

Spanish economy 19th February 2024

CNMV admits Amber EquityCo’s counter-offer for Applus+ for processing

Link Securities| The National Securities Market Commission (CNMV) agreed on 16 February 2024 to admit for processing, in accordance with the provisions of article 17 of Royal Decree 1066/2007, of 27 July, on the rules governing takeover bids, the application for authorisation filed on 14/09/2023 by Amber EquityCo, S.L.U. for the launch of a voluntary takeover bid for 100% of the shares of Applus (APPS), in competition with the bid…

Sacyr2

European economy 19th February 2024

Eurolink consortium, 18.5% owned by Sacyr, get green light for Messina bridge project to be carried out

Banco Sabadell: According to press reports, the Board of Directors of the public company Stretto di Messina has approved the update of the Messina Bridge construction project, which will link the island of Sicily with the Italian mainland via a bridge of almost 4 km. Italy will pay €12,000 million to Eurolink, a consortium in which SCYR holds an 18.5% stake. Work is due to start this summer and be…

AlfonsoRueda

Spanish Politics 19th February 2024

PP renews absolute majority in Galicia, PSOE loses third of seats

For her part, the vice-president of the Government and leader of Sumar, Yolanda Díaz, obtained 4.4% of the votes in her town (Fene) and did not win a single deputy in the regional assembly, so the memes ran last night through the social networks: “Sumar and Podemos double their results to the previous elections: In the previous elections they got nothing, and in these, nothing at all”. Nor did the…

Indra Tecnocom

Spanish economy 19th February 2024

Indra buys remaining 65% of GTA and is now one of few companies in the world able to cover entire value chain of the business

Link Securities| Indra, a leading global consulting and technology company, has closed the acquisition of 65% of Global Training Aviation (GTA), thus reaching 100% of the capital, and becomes one of the few companies in the world able to cover the entire value chain of this business, from the development of the most advanced simulators and training systems to the provision of training services for civil and military pilots. Indra…

supermercado precios

Spanish economy 17th February 2024

Spain confirms final CPI for January

Bankinter : Final CPI January 2024 confirms +3.4% year-on-year (from +3.1% year-on-year previously). Underlying CPI also confirms +3.6% year-on-year (from 3.8% year-on-year previous). Month-on-month 0.1% month-on-month (from 0.0% month-on-month Dec-23) and in the Underlying -0.4% month-on-month (from +0.2% month-on-month Dec-23). Analysis: With no surprises, the final January data confirm the provisional figures. The difference between the General and Underlying Rate narrows to 0.2pp. The increase in the headline rate is…

fcc environmental services 1

World economy 16th February 2024

FCC wins €392 million contract for municipal waste collection in Clay County, Florida

Link Securities | The US Clay County, in Florida, has awarded FCC a contract for the collection of municipal solid waste in the county, representing a portfolio of up to $420 million (about €392 million) for a 10-year term, plus two possible five-year extensions, the newspaper Expansión reports in today’s edition of the newspaper. FCC Environmental Services is one of the largest municipal solid waste management companies in the United…

Telefónica

Spanish economy 16th February 2024

Telefónica wins lawsuit against Millicom for cancelling purchase of Costa Rican subsidiary

A New York court has ruled in favour of Telefónica in its lawsuit against Millicom International Cellular for refusing in 2020 to honour the agreement to buy the telecommunications company’s subsidiary in Costa Rica for $70 million (around €530 million at current exchange rates). Although the ruling does not specify the amount to be paid in compensation by the telephone operator, which refused to make the purchase despite having agreed…

morocco inmigration

In Spain 16th February 2024

Immigration increases Spain’s population by half a million to 48.6 million in 2023

What the INE statistics reveal is that all this growth comes from a population born outside Spain that now resides in our country. This group grew last year by 571,000 people, compensating for the loss of the population born in Spain. The population born and residing in Spain suffered a drop of 63,500 people in 2023. This means that births in our country did not compensate for deaths. However, the…

OPEC post mortem

World economy 15th February 2024

OPEC oil production falls by 350,000 b/d due to 162,000 b/d less from Libya

BancaMarch| OPEC oil production has fallen by 350,000 b/d. According to the cartel’s report, crude oil production has fallen by 350,000 barrels per day between December and January to 26.3 million barrels per day. The main reduction is due to 162,000 barrels per day less from Libya, as a result of internal conflicts in the country. Kuwait and Iraq have also seen their production fall sharply by 109,000 and 98,000…

telefonica tech

European economy 15th February 2024

Telefónica Tech teams up with China’s Ehang to boost urban air mobility in Europe and LatAm

Alphavalue / Divacons| Telefónica Tech has teamed up with Chinese company EHang, which produces electric aerial vehicles with vertical take-off and landing capabilities for transporting passengers and cargo without a pilot, to boost urban air mobility in Europe and Latin America, the operator said in a statement. Telefónica Tech will contribute its 5G connectivity and private network capabilities to the project to enhance the “safety and efficiency” of this type…