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.
CIBERSEGURIDAD

Indra and Telefónica explore creation of cybersecurity consortium to bid for major defence contracts in Spain

Norbolsa | Both companies are considering a potential strategic alliance in cybersecurity, cyber defence and artificial intelligence to bid for major defence contracts in Spain, following the example of Tess Defence. This would enable them to bid jointly for future contracts worth over €1 billion. The model would consist of a consortium open to further partners and backed by the government, and would seek to create a sovereign technology platform…


Solar power in Spain to get investments of €70 bn

Renewables arbitration awards threaten Spain at World Cup

The legal battle arising from the withdrawal of renewable energy subsidies is crossing paths with the Spanish national team’s journey to the next FIFA World Cup. Several investors holding favorable arbitration awards have set their sights on the competition—to be held this coming June and July across the United States, Mexico, and Canada—to ramp up pressure on Spain and seek payment of their respective compensations. Creditors have conducted a meticulous…


cie automotive

CIE Automotive to propose supplementary dividend of €0.47 gross per share

Link Securities | CIE Automotive (CIE) has informed the National Securities Market Commission (CNMV) that, in relation to the proposed dividend distribution, having paid on 7 January 2026 an interim dividend on the results for the 2025 financial year amounting to €0.47 gross per share entitled to receive dividends, CIE has agreed to propose, as a supplementary dividend, the payment to each of the company’s outstanding ordinary shares (excluding, therefore,…


Merlin Properties new

Merlin Properties’ data centres, with valuation potential of over €14 billion, set to drive 24% annual increase in profits between 2025 and 2030

Bankinter | Data centres represent a significant growth opportunity, in terms of earnings, dividends and asset valuation. We estimate an annual EPS growth of 24% between 2025 and 2030, with a dividend yield that could reach 7% from 2030 onwards (against the current 3%). We value the data centres at €10,703 million as of December 2026, significantly below their potential, which exceeds even €14,000 million, as they are still in…


Neinorhomes oficina

Neinor set to more than double key figures and will be in position to pay out over €500 million in dividends

Renta 4 | Yesterday, Neinor Homes (HOME) held its Annual General Meeting, at which it specified and reiterated its guidance to the market for the 2026–2027 financial years, with positive prospects despite global geopolitical uncertainty. In this regard, concerning the threat of rising construction costs stemming from the conflict in the Middle East, the company notes that, for deliveries scheduled for 2026, the necessary construction materials have already been received,…


OHLA.new

OHLA to participate in renovation of Prague-Kladno railway link, with €350 million investment

Alphavalue/Divacons | Through its subsidiary OHLA ZS, the company will participate in the renovation of the railway line linking Prague and Kladno. The contract, signed in early April, covers the modernisation of a 15-kilometre section between the district of Ruzyne and the city of Kladno. The project involves an investment of €350 million and will be carried out by a consortium led by Subterra, in which OHLA ZS acts as…


Indra novedad

Some Indra shareholder funds reportedly calling for merger with EM&E to be resumed

Banc Sabadell | Some Indra (IDR) shareholder funds led by Amber Capital (which controls 5%) and representing around 20% of the shareholding are reportedly urging the company to resume negotiations for the merger with EM&E as soon as possible, now that Ángel Escribano (who controls 14.3% of IDR) has resigned as Chairman, being replaced by Ángel Simón (nominated by SEPI), according to elEconomista. According to the same report, SEPI has…


Técnicas Reunidas

Técnicas Reunidas to process rare earths at Araxá deposit in Brazil as part of partnership with project owner St George Mining

Link Securities | Técnicas Reunidas has been contracted by the Australian company St George Mining to carry out rare earth processing trials at the Araxá project in Brazil, as part of a strategic engineering partnership between the two companies, the digital portal Bolsamania.com reported. The agreement, formalised through a memorandum of understanding (MoU), envisages the application of the proprietary RARETECH® technology for the refining of the mineralisation, including the production…


Mapfre

Mapfre anticipates positive Q1 2026 thanks to performance of motor insurance, favourable market environment and recovery in Latin America

Alphavalue/Divacons | The Spanish insurer anticipates a potentially positive Q1 2026, with results that could surprise on the upside despite revenue growth that remains mixed. The improvement would stem from higher profitability: better performance in motor insurance in Iberia/EMEA, a favourable market environment (particularly in reinsurance), a recovery in Latin America and a strong financial result. The main weakness is a slight deterioration in the combined ratio in Brazil. Mapfre:…


fcc edificio

FCC reaffirms century-long relationship with Barcelona City Council by renewing €121 million contract to manage public sewerage system for eight years

Alphavalue / Divacons | Barcelona City Council has renewed its contract with FCC Medio Ambiente for the cleaning and maintenance of the public sewerage system, worth €121 million. The contract will run for the next eight years, with an option to extend for a further two years. According to the company, this award reaffirms a historic relationship that began in 1911, when the council awarded it the first service contract…