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.
naturgy eolica

Blackrock plans to continue operation and reduce stake in Naturgy to around 5%

Banc Sabadell | BlackRock, following the accelerated placement of 7.1% of Naturgy’s (NTGY) capital in December (up to 12.62% NTGY), plans to continue the operation and reduce its stake to around 5% of the capital, managed solely through passive funds, according to press reports. Assessment: This news comes as no surprise, as it was partly expected since BlackRock placed 7% of the capital in December (at a price of €24.75/share,…


Indra novedad

Santa Bárbara to appeal to Supreme Court against two contracts awarded by Government to Indra and Escribano for €7.24 billion

Banc Sabadell | Santa Bárbara Sistemas plans to appeal to the Supreme Court against the two major artillery contracts that the government awarded to Indra (IDR) and Escribano for €7.24 billion, according to press reports. These two projects are fundamental pillars of the 31 Special Modernisation Programmes (PEM) promoted by the Ministry of Defence. We recall that Santa Bárbara has already filed an administrative appeal to try to suspend the…


merlin properties

Merlin Properties forecasts data centres to increase share of rental income from 5% to 45-50% in 2030, and 75% in 2033

Renta 4 | The financial newspaper Expansión features an interview with Ismael Clemente (CEO of the company) in its Monday edition, in which he reviews Merlin Properties’ (MRL) short- and medium-term strategy. In this regard, Merlin Properties will continue with its strategic roadmap focused on the expansion of data centres. With phases 1 and 2 already underway, Merlin’s CEO reveals that phase III, currently in the planning stage, will be…


vivienda

Best November in history for home sales in Spain: 58,546 transactions recorded

CdM | Home sales achieved their best November in the historical series. In total, 58,546 transactions were recorded, representing a year-on-year increase of 7.8%, according to data provided by the National Statistics Institute (INE). 21.8% of the homes sold in November were new and 78.2% were second-hand. Specifically, the number of transactions involving new homes increased by 4.1% compared to November 2024, with 12,742 transactions. Not so many had been…


Groenlandia Nuuk

Trump threatens tariffs of up to 25% on countries that send troops to Greenland

Bankinter | Trump threatens tariffs on countries that send troops to Greenland. The tariffs would be 10% and would begin on 1 February and rise to 25% on 1 June. The countries affected at this time are Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland. The tariffs would remain in effect until ‘an agreement for the complete and total purchase of Greenland’ is reached. Bankinter analysis…


amadeus logo fachada

Amadeus launches share buyback programme of up to €123 million to reward employees, executives and executive board

Link Securities | The Board of Directors of Amadeus (AMS) has agreed to carry out a share buyback programme in accordance with the authorisation granted by the Ordinary General Shareholders’ Meeting held on 23 June 2022. The Repurchase Programme is being carried out in order to comply with the share allocation programmes for Amadeus employees, executives and the Executive Board (excluding Amadeus sas and its wholly-owned subsidiary Amadeus Software Labs…


3. Public debt

Spanish Public Debt Grows at Year-on-Year Rate of 4.7%

In absolute terms, Spanish Public Administration debt reached €1.698 trillion in November, representing a 4.7% year-on-year increase and a 0.3% rise compared to October. Meanwhile, the public debt-to-nominal GDP ratio—calculated according to the Excessive Deficit Procedure (EDP)—stood at 101.5% in November. This represents a decrease of 0.8 percentage points compared to the figure recorded in November 2024. Breakdown by Administration Level Central Government (The State): The debt balance reached €1.549…


bancos españoles nuevo

Solid but uneventful Q4 2025 for Spanish banks

Deutsche Bank | The 2025 fourth-quarter earnings season for Spanish banks will begin with Bankinter on 22 January and conclude with Sabadell on 6 February. Overall, we expect another solid quarter, with little change in the trends seen in Q3 2025, although with some seasonal adjustments typical of Q4. Net interest margin is likely to confirm a further recovery, helped by volumes, despite some additional effects from the interest rate…


CAF factory

CAF to manufacture 10 additional regional trains for French operator SNCF Voyageurs for €80 million

Link Securities | CAF (CAF) will manufacture 10 additional regional trains for the fleet of French operator SNCF Voyageurs, which will run in the New Aquitaine region in south-western France, according to the newspaper Expansión. The order is worth €80 million and is in addition to others signed in recent years in the French market by the CAF-Alstom consortium, resulting from the agreement between the two rival companies following CAF’s…


china tecnología 1

China bans use of cybersecurity products from American and Israeli companies for national security reasons

Bankinter | Chinese authorities ban the use of cybersecurity products from American and Israeli companies for national security reasons. Among the names mentioned are Palo Alto, Fortinet, CrowdStrike, SentinelOne, CyberArk and even companies such as VMWare (acquired by Broadcom), Mandiant and Wizz (acquired by Alphabet) and Orca Security and Cato Networks (acquired by Thales). Bankinter analysis team’s view: This is a further step by the Chinese authorities to protect local…