The Corner, Author at The Corner

Articles by The Corner

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.

European economy 23rd April 2024

Iberdrola|BP pulse wins €50.1m European grant for deployment of electric recharging points

Alphavalue / Divacons | The company formed by Iberdrola and bp pulse, Iberdrola|bp pulse, has been awarded a €50.1 million grant to accelerate the deployment of electric recharging infrastructure under the European Commission’s ‘CEF Transport AFIF 2021-2027’ programme, the company said on Thursday. The subsidised project includes the deployment of 1,220 high-power charging points between 2023 and 2026 on the TEN-T transmission network in Spain and Portugal.

Spanish economy 23rd April 2024

House sales up 5.8% in February, breaking 12 months of declines

CdM| Home sales and purchases break the streak of 12 months of consecutive falls. In February, a total of 52,796 transactions were registered, representing a year-on-year growth of 5.8%, according to data from the National Statistics Institute (INE). Of the dwellings transferred by sale and purchase in February, 21.8% were new and 78.2% were used. The number of transactions on new homes increased by 20.8% compared to February 2023, which…

Spanish economy 22nd April 2024

NH Hotels renamed Minor Hotels, brand name remains

Alphavalue / Divacons | The hotel chain’s General Shareholders’ Meeting held last Friday in Madrid agreed to change its corporate name to Minor Hotels Europe & Americas, stating that it is “a business decision that will allow the company to be recognised worldwide under a single corporate name by its different stakeholders”. However, the brand name will not disappear. NH Hotels & Resorts, NH Collection Hotels & Resorts and nhow…

World economy 22nd April 2024

US and China continue to dominate global foreign direct investment flows

Global economyCapital Group| It seems that foreign investment patterns have yet to show a decisive successor to China. Globally, foreign direct investment (FDI) as a percentage of GDP peaked around the time of the financial crisis: investment in China stagnated slightly earlier, in the early 2000s, just after its accession to the World Trade Organisation and following rapid inflows into the manufacturing sector. In absolute terms, however, the United States…

Spanish economy 22nd April 2024

Congress of Deputies to debate Sumar’s proposal for trade unions to join boards of directors

The Congress Labour Committee will debate this Tuesday the proposal of Sumar, the party led by the vice-president and Minister of Labour, Yolanda Díaz, to include workers, their representatives and trade union organisations on the boards of directors of companies and business groups, with the aim of promoting a “more democratic functioning of companies”. Yolanda Díaz, a Communist Party activist, says she wants to take an example from the co-determination…

Spanish economy 22nd April 2024

TAQA would have to negotiate Naturgy’s credits with banks because part of debt subject to change of control clause

Link Securities| Most of Naturgy’s debt, which is around €12,000 million, is subject to a clause relating to the change of control, either by acquiring more than 50% of the voting shares or by obtaining the right to appoint the majority of the members of the Board of Directors of Naturgy, according to Expansión. According to the newspaper, Abu Dhabi-based energy company TAQA, which is finalising its takeover bid for…

World economy 22nd April 2024

Fed members talk of “patience”, first cut not likely until end of year or even 2025

Banc March: Round of statements from Fed members, where the word “patience” has been recurrent in their speeches and they delay the first cut to the end of the year and even 2025. The Atlanta Fed president believes that inflation is too high and does not consider it appropriate to lower the cost of money until the end of the year. He also said he was open to raising rates…

European economy 19th April 2024

Spain’s electricity cheapest in Europe, at €0 for half the hours in April

ASE Group | Until the 17th, the daily price of the Spanish wholesale market (POOL) in April stood at €5.40/MWh, the lowest since records have been kept for such a long period. Grupo ASE analysts highlight that in almost 50% of the hours the price has been zero or lower. In 84 hours (20.6% of the total) negative prices were recorded (between €0 and €-1/MWh) and the average price between…

Spanish economy 19th April 2024

Puig Brands (Carolina Herrera, Paco Rabanne, Jean Paul Gaultier…) to go public on May 3, with valuation over €12.7 billion

Puig Brands – the group that owns Carolina Herrera, Paco Rabanne, Jean Paul Gaultier, Nina Ricci and Charlotte Tilbury – will go public on 3 May at a price of between €22 and €24.5 per share. That means a valuation of between €12.7 and €13.9 billion. And although it has not yet approved a shareholder remuneration policy, it says it expects to pay out 40% of its profits in dividends….

Spanish economy 19th April 2024

Bankinter: 1Q24 First Take – Slight beat versus consensus, NII dynamics supportive

Jefferies Equity Research| 4% PBT beat versus consensus in 1Q 24, driven by better income and costs, only offset by a small miss on impairments. The print confirms NII trends are still positive (up 1% quarter-on-quarter), despite flat growth, but margin dynamics proving supportive (cost of deposits only up 3bp quarter-on-quarter, likely at peak). Costs were 3% lighter than consensus and trending better than the LSD-MSD year-on-year growth guidance provided…

« 1 2 3 4 5 6 … 968 »

Articles by The Corner

About the Author