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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Telefónica to provision compensation -potentially €2 billion- for redundancy plan in Q4 2025

Bankinter | Telefónica has proposed a redundancy plan for 5,319 employees of Telefónica España (3,649 people; 41% of the total), Telefónica Móviles (1,124; 31%), Telefónica Soluciones (267; 24%) and Movistar+ (279; 32%). It could still announce further redundancies in the three remaining companies in Spain (Telefónica Global Solutions, Telefónica Innovación Digital and Telefónica S.A.), which could bring the total to 6,000 employees. The actual departures will take place from 2026…


poverty

European Commission warns Spain it is in “critical situation” with 25.8% of population at risk of poverty

The European Commission yesterday pointed to the Spanish Government as one of the two in the European Union (along with Belgium) that has not sent a budgetary plan to Brussels (in fact, Spain has been without a Budget since 2023, from the previous legislature) and warned of a “critical situation” with 25.8% of the population at risk of poverty. At the same time, it warns Spain that it runs the…


naturgy eolica

Naturgy promotes project for development of seaborne floating photovoltaic technology

CdM | Naturgy (NTGY) announced on Tuesday that it has promoted, through its innovation platform Innovahub, a pioneering project in Spain for the development of floating photovoltaic technology in the open sea. It has done so in collaboration with Spanish start-up BlueNewables, with the aim of ‘exploring new renewable solutions that enable progress in the decarbonisation of the energy system’. As Naturgy explained in a statement, the project involves the…


compras navidad

National Retail Federation expects spending to grow 3.7% to 4% during Christmas period

Norbolsa | On the eve of Thanksgiving and with data delayed due to the shutdown (today we will learn the retail sales figures for September), the market is looking at other consumer benchmarks. This Tuesday, it echoes the National Retail Federation’s sales estimate for the Christmas period (November-December), which expects spending to grow by between 3.7% and 4% this year, exceeding the billion-pound mark. For the period between Black Friday…


dia fachada

DIA to launch new logistics centre in Malaga, second largest warehouse, with €47 million investment

Link Securities | The supermarket chain continues to make progress with its 2025-29 Strategic Plan and will launch a new logistics centre in Antequera (Malaga), according to Bolsamania.com. The new warehouse, scheduled to open in the first half of 2027, will involve an investment of around €47 million and the support of IBA Capital and Dunas Capital. The Spanish listed company has explained that this construction will have a total…


Squirrel media

Squirrel to launch second television channel on 1 January 2026 with national coverage

Renta 4 | The company has announced the launch of its second national free-to-air television channel, which will be available from 1 January 2026 and will be distributed via DTT with national coverage. The channel will offer high-quality fiction content and will also be available on the main Spanish television platforms. This launch follows the opening this year of the Squirrel TV channel, which replaced the Disney Channel The company…


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Limitations in electricity grid hinder new connections and Spain’s potential to become industrial hub

Morgan Stanley | Spain has stood out in the eurozone for its solid economic performance, with GDP growth exceeding that of its peers and a particularly strong post-pandemic recovery. This dynamism has sparked greater investor interest, which is reflected in the Ibex being close to historic highs and very tight spreads against Germany. Although a gradual slowdown is expected (2.9% annually in 2025 and 2.4% annually in 2026), potential growth…


Italia Economia

Moody’s maintains UK’s rating at Aa3 with stable outlook, raises Italy’s to Baa2 with stable outlook

Bankinter | Moody’s maintained its Aa3 rating with a stable outlook for the United Kingdom. The agency highlights strengths such as a rich, diversified economy and a solid institutional framework. It also notes the government’s commitment to reducing the deficit, with the budget due to be presented on Wednesday (26 November). In any case, its projections of moderate growth and a gradual reduction in the deficit lead it to estimate…


grifols edificio

Gotham City believes investigations into bearish attack on Grifols will not result in significant financial blow

Alphavalue/Divacons | Gotham City Research believes that the legal investigations stemming from its bearish attack on Grifols (GRF) in January 2024 will not result in a significant financial blow to the company, and has therefore ruled out making provisions for this possible contingency. This position is maintained despite the fact that the Spanish pharmaceutical company has initiated legal proceedings in the United States in which it is claiming millions in…


faes farma muro

Faes Farma to pay gross dividend of €0.041 per share on 12 January

Link Securities | The Board of Directors of Faes Farma (FAE) has approved the payment of a cash dividend on account of the 2025 results of €0.041 gross per share. The cash dividend will be paid in January 2026 and will amount to approximately €12.8 million. The relevant dates for this operation are as follows: Last trading date for shares with dividend rights: 7 January. Date from which shares will…