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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.

Companies 24th November 2025

FCC in final running to win contract to design and build Austin light rail system, valued at €2.8 billion

Link Securities | FCC (FCC) is in the final race as leader of a consortium to win the contract to design and build the first phase of the Austin light rail system in Texas (United States), according to a report on Monday in the newspaper elEconomista. The value of this tender is estimated at around $3.2 billion (approximately €2.8 billion at the current exchange rate). The cost of the project…

European economy, In Europe 24th November 2025

Manufacturing PMI falls in Eurozone, Germany and France in November

Singular Bank | According to preliminary readings, the Eurozone manufacturing PMI fell to 49.7 points in November (versus 50.0 points in October), its lowest level since June. In contrast, the services PMI rose slightly by 0.1 points to 53.1 points, its highest level since May 2024. In this context, the composite PMI fell slightly by 0.1 points to 50.4 points. This development can be explained by the decline in new…

Companies, Relevant News Item 24th November 2025

French company Technique Solaire acquires 11 onshore wind farms from Iberdrola for approximately €100 million

Link Securities | The company has reached an agreement with Technique Solaire, a French renewable energy platform, regarding the sale of a portfolio of 118 megawatts (MW) of onshore wind energy in France for around €100 million, according to several market sources consulted by Expansión. Technique Solaire has won a competitive process launched by Iberdrola to divest 11 onshore wind farms already operating in the country, among which Pays de…

Companies 24th November 2025

Acciona increases capital of Silence electric motorcycle subsidiary to €102 million

Alphavalue / Divacons | The Spanish alternative energy company injected €40 million into its electric motorcycle subsidiary Silence through a capital increase. This financial contribution seeks to sustain the Catalan company’s growth and strengthen its financial structure, raising Silence’s subscribed capital to a total of €102 million. The motorcycle company had a turnover of €18 million in 2024 and lost almost €37 million.

Companies 24th November 2025

Repsol manages to avoid paying Treasury claim of over €100 million

Link Securities | The energy company has succeeded in getting the National Court to uphold part of its arguments, which has allowed it to avoid paying a large part of a claim of more than €100 million from the Treasury, according to legal sources close to the case, as reported today by the newspaper Cinco Días. Specifically, Repsol opposed a ruling by the Central Economic Administrative Court (TEAC), which dismissed…

In Spain 24th November 2025

Government Offers 11% Salary Increase for 2025–28

The Secretary of State for Public Function, Consuelo Sánchez Naranjo, formally offered the trade unions a salary increase of 10% on Wednesday, covering the period from this year (2025) until 2028. A day later, to overcome resistance and after consulting with the Treasury, she raised the offer to 11%, which, according to the UGT union, is actually 11.5%. This averages out to almost 3% annually over four years, while the…

Companies 21st November 2025

DIA has approximately €200 million in tax savings as catalysts for future

Renta 4 | El Economista newspaper publishes an interview with DIA’s Chief Financial Officer, Guillaume Gras, in which he reviews the current situation and business outlook. Among the main messages, we highlight: EBITDA margin target of between 7.5% and 8% in 2029, based on three fundamental pillars: increasing sales density, expanding the franchise model, increasing its weight in the store network from around 65% currently to 75% by the end…

Companies, Relevant News Item 21st November 2025

CAF wins €500 million contract in Brazil for maintenance of electric trains on São Paulo rail network for 24 years

Renta 4 | CAF has been awarded a contract for the comprehensive maintenance of 107 electric trains for the São Paulo rail network. The contract is worth around €500 million and has a duration of 24 years, starting from the beginning of commercial operation, scheduled for July 2026. Assessment: Positive news from a strategic point of view as it strengthens the company’s leading position in rolling stock maintenance in Brazil….

In the World 21st November 2025

US job creation higher than expected after shutdown, but unemployment rises to 4.4%

Norbolsa | On Thursday, the US employment report for September was published, providing more complex readings for predicting the Fed’s next steps. On the one hand, we had higher-than-expected job creation figures, with revisions for the previous three months also positive on balance. However, the unemployment rate rose to 4.4% from 4.3% due to increased participation. In addition to the mixed reading of the data, the delay in data due…

Companies 21st November 2025

BBVA presents 2025-2028 targets: cumulative net profit of €48 billion and average ROTE of 22%

Alphavalue/DIVACONS | On Thursday, the financial institution presented its ambitious financial targets for the period 2025-2028. The institution aims to achieve a cumulative attributable net profit of €48 billion, an average ROTE of 22% and a compound annual growth rate of tangible value per share plus dividends of around 15%. During her participation in JP Morgan’s annual investor conference, Luisa Gómez Bravo, BBVA’s chief financial officer, explained that profitability and…

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