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.
Alemania

ZEW economic sentiment survey shows positive data in January: expectations rebound to 59.6 points

Bankinter | The ZEW economic sentiment survey showed positive data in January. Expectations rebounded more than expected to 59.6 from 45.8 previously versus 50.0 expected, while the current situation accelerated to: -72.7 versus -76.0 expected and -81.0 previously. Bankinter analysis team’s view: Positive data. Among the sectors that drove the improvement in expectations were the metal industry, the pharmaceutical industry and automobiles. However, the sectors that slowed down, albeit more…


indra edificio

Amber Capital, Indra’s fourth largest shareholder with 7.24%, supports potential merger with Escribano, government remains reluctant

Banco Sabadell | According to press reports, Amber Capital, Indra’s fourth largest shareholder with a 7.24% stake, continues to support the potential merger of the company with Escribano. These statements come just after press reports about the government’s reluctance to approve a deal that it considers problematic due to a conflict of interest. We recall that the company has created an ad hoc committee to review the operation, with a…


aena aeropuerto luton

Aena to acquire 51% of new holding company that owns and manages 100% of Leeds Bradford Airport and 49% of Newcastle Airport for €309 million

Link Securities | The Council of Ministers has approved the agreement authorising Aena to purchase a controlling majority, directly or indirectly, in companies in the United Kingdom for the acquisition of shares in the English airports of Leeds Bradford and Newcastle, the financial portal Bolsamania.com reported yesterday. Specifically, this transaction will allow Aena to acquire 51% of the new holding company that owns and manages 100% of Leeds Bradford Airport…


PoundsTC

UK CPI rises slightly above expectations (3.4%) with core inflation remaining at 3.2%

Bankinter | December CPI rises slightly above expectations: 3.4% versus 3.3% expected versus 3.2% previously. However, the underlying rate remained unchanged at 3.2% versus 3.3% expected. Services continue to be the biggest contributor to inflation: 4.5% versus 4.4% previously. Bankinter analysis team’s view: Mixed data. Despite the rise in the overall rate, the core rate remains in line with the previous month. Lower wage pressures (weekly wage growth excluding bonuses…


Rovilabs

Rovi continues to show interesting medium-term upside potential, pointing to levels of €96, surpassing all-time highs of €92

Renta 4 | After breaking the downward trend from the historic highs of 2024, it has also crossed the €65.50-66 zone, where it had intermediate resistance, now immediate support, prior to last November’s lows of €53.80. Looking at the medium term, the price shows numerous positive signs, which favour continued growth in the coming months. In addition, theoretical upward projections would point to levels of €96, above the historic highs…


fotoave

Train drivers strike after two derailments in 48 hours leave 46 casualties

Two derailments in less than 48 hours, resulting in nearly fifty casualties—at least 45 in Adamuz (Córdoba) and another in Gélida (Barcelona)—have prompted the train drivers’ union to call for a strike on February 9, 10, and 11 to demand “infrastructure safety.” Their indignation is immense—derailments have doubled in a decade—and they appear fed up with the Ministry of Transport for disregarding their constant complaints regarding the state of the…


china sombrasCM

PBoC keeps 1-year and 5-year rates unchanged at record lows for eighth consecutive month

Link Securities | The People’s Bank of China (PBoC) kept its benchmark interest rates at record lows for the eighth consecutive month early this morning, in line with market forecasts, after previous reductions in the central bank’s lending and rediscount rates took effect. Last Thursday, the PBoC announced cuts in sector-specific interest rates of 25 basis points, effective 19 January, to provide an initial boost to the economy in the…


indra

Indra reportedly negotiating with Leonardo, Rheinmetall and Hanwha to develop self-propelled tracked and wheeled howitzers

Norbolsa | Indra (IDR) is reportedly negotiating with Leonardo, Rheinmetall and Hanwha to develop self-propelled tracked and wheeled howitzers for the Spanish Army (contracts worth ~€7 billion), leaving out Santa Bárbara Sistemas (owned by General Dynamics). According to sources familiar with the matter speaking to Expansión newspaper, it is negotiating with Leonardo, Rheinmetall and Hanwha for the possible acquisition of the vehicle barges covered by the contracts. Indra would retain…


ACS novisimo

ACS subsidiary Cimic closes sale of 50% of UGL Transport to Sojitz Corporation for AU$500 million

Link Securities | Cimic, the Australian subsidiary of ACS (ACS), has closed the sale of 50% of UGL Transport to the Japanese group Sojitz Corporation, in a transaction that will allow the company to obtain cash proceeds of approximately AU$500 million (approximately €287 million), according to the Bolsamanía website. The transaction values UGL Transport at approximately AU$800 million (100%), and Cimic will receive cash proceeds of approximately AU$500 million. UGL…


iberdrola galan davos 2022 1

Sánchez Galán highlights role of nuclear energy as key to ensuring supply and competitiveness

Link Securities | In an interview with Expansión newspaper during the World Economic Forum in Davos (Switzerland), the chairman of Iberdrola (IBE), Ignacio Sánchez Galán, highlighted that the electricity sector is becoming a driver of economic growth, in contrast to its traditional defensive role, with electricity grids as the best example. He also highlighted the group’s record investment plan of €58 billion announced for the period up to 2028, two-thirds…