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.
Talgo building

Talgo to make significant investments until 2027 and create 200 new jobs at Álava factory

Alphavalue / Divacons | José Antonio Jainaga, president of Sidenor, Mirai and Talgo, announced significant industrial investments in the railway manufacturer until the end of 2027, along with the creation of 200 new jobs this year at the Rivabellosa plant (Álava), highlighting the project as a benchmark for public-private collaboration in the Basque Country. At the forum promoted by Fundación Vital in Vitoria, Jainaga also acknowledged that the company faces…


endesa novisimo

Endesa’s profit increases by 21.5% to €2.3 billion thanks to strong performance of marketing and customer business

Renta 4 | Results exceeding our expectations and guidance, as a result of the strong performance of the marketing and customer business, where better margins, gas retail, higher hydroelectric production against lower wind and solar production, and the strong performance of combined cycles have offset the effects of prices on the short position (although they are performing better than our expectations). The distribution business reflects the re-settlements of previous years…


Trump Aranceles

US Reaches Record $1.2 Trillion Trade Deficit in 2025, the Year of Tariffs

Pyden&Rygel | Data released last week shows that the US nominal goods trade deficit widened to $1.2 trillion in 2025, the highest level since 1960. This occurred despite the most significant tariff tightening in decades, which had the explicit goal of narrowing that very gap. How can this contradiction be explained? The answer lies in the reorganization of supply chains. Importers took advantage of differences in tariff rates between countries,…


Telefonica Plan Estrategico

Capital losses from Latin American sales and low growth lead Telefónica to €4,318M loss in 2025

The results were as expected; consequently, two hours after the market opened, the share price was up 0.47% to €3.66 per share. These results were more or less expected; consequently, an hour and a half after market open, Telefónica’s shares were down 0.11%, trading at €3.645 per share. According to the Bankinter analysis team, the results “are slightly lower than expected. In accounting terms, they reflect the sale of the…


OHLA azulito

Joint venture formed by OHLA and Sando Construcción to build new €82.6 million maternity and children’s hospital in Huelva

Alphavalue / Divacons | The joint venture formed by OHLA and Sando Construcción was yesterday awarded the contract to build the new Maternity and Children’s Hospital in Huelva, worth €82.6 million. This is a project for the Andalusian Health Service that will be integrated into the Juan Ramón Jiménez University Hospital complex. The project involves the construction of a 36,372-square-metre building, which OHLA says is ‘designed to integrate functionally and…


eeuucbeconomia11

US inflation approaching 3%, economy slowing to 1.4% quarterly from 4.4% previously, discouraging Fed from lowering rates

Bankinter | The first reading of Q4 2025 GDP in the US shows growth moderating more than expected to 1.4% annualised quarterly against 2.8% expected and 4.4% previously. However, in year-on-year terms, the decline is milder: 2.2% against 2.3% previously, with consumption at 2.2% against 2.6% previously. The negative aspect comes from the GDP price deflator, which rose to 3.3% year-on-year against 3.0% previously. The December Private Consumption Deflator rose…


eurozona banderas CM 1

Eurozone composite PMI rises to 51.9 points against 51.3 points in January, due to increased production in manufacturing and services

Singular Bank | According to preliminary readings, the Eurozone manufacturing PMI rebounded to 50.8 points in February (compared to 49.5 points in January), exceeding analysts’ consensus estimates (50.8 points) and reaching its highest level since June 2022. At the same time, the services PMI rose slightly by 0.2 points to 51.8 points. Given this development, the composite PMI rose to 51.9 points (compared to 51.3 points in January), explained by…


redeia fachada

Redeia’s transmission network still has capacity for new demand in 25% of its nodes

Link Securities | The company announced that the transmission network still has capacity for new demand in 25% of its nodes, which may be granted either through general priority criteria or through a tender process, according to Bolsamania.com. The company, in its capacity as system operator (SO), has disclosed for the first time the access capacities for demand connection at the transport network nodes, calculated according to the technical criteria…


ence 2

Ence agrees to redundancy plan at Navia plant as part of Efficiency Plan, to make savings of €22 per tonne of cellulose

Intermoney | Ence (ENC) (Buy, Target Price £4 per share) announced on Friday that it has reached an agreement with the company’s employee representatives to implement a collective redundancy plan (ERE) that will affect its Navia plant (Asturias). The agreement between the company and the workers provides for the elimination of 44 jobs by 31 December 2027, as well as the relocation of another 40 people to other companies in…


edificio almirall 3

Almirall posts €46.1 million profit in 2025, with revenues of €1.114 billion

Link Securities | Laboratorios Almirall (ALM) presented its results for the 2025 financial year on Monday, along with a year-on-year comparison, from which we highlight the following aspects: ALM achieved total revenue of €1,114.5 million in 2025, representing a year-on-year improvement of 12.5%. Of this amount, €1,108.1 million corresponded to net sales, up 12.4% year-on-year, driven by the performance of Dermatology in Europe, led by Illumetri® and Ebglyss®. Gross margin,…