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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 8th September 2025

Santander fined $500,000 in US for use of inappropriate communication channels by employees since 2021

Alphavalue / Divacons | The Cantabrian bank received a second fine from the US authorities for the use of inappropriate communication channels by its employees since 2021. The Commodity Futures Trading Commission (CFTC) has imposed a $500,000 penalty on the Spanish parent company and its US subsidiary Santander US Capital Markets. This penalty is in addition to the $4 million fine that the SEC had already imposed on the entity…

Companies 8th September 2025

Telefónica considering selling Distrito C in Las Tablas, but with long-term lease agreement to continue using site

Link Securities | The company is reportedly considering selling its corporate headquarters, known as District C, as part of the strategic review that the group will unveil in the coming weeks, according to elEconomista.es. According to the newspaper, the company is considering a real estate transfer that includes the 15 buildings (between five and eleven storeys) in Las Tablas, located in the north-east of Madrid. Market sources estimate that the…

Companies, Relevant News Item 8th September 2025

Iberdrola offers Trump mega investment plan to save its US offshore wind farms

Bankinter | The company wants to maintain the US as its main investment focus. It has made this clear to the American government. However, everything will depend on key projects not being blocked or, if some of them are shut down, such as offshore wind farms – against which Trump is waging a personal crusade – being compensated with new opportunities, especially in the development of electricity grids. The group’s…

Spanish economy 8th September 2025

BBVA’s Sabadell Bid Begins Today with Offer That Represents 8% Loss for Shareholders

Today, the acceptance period for the takeover bid for Banco Sabadell finally begins. BBVA announced the bid on May 9, 2024, after Sabadell’s board rejected the Basque bank’s friendly offer. In the year and a half since, BBVA has had to secure approval from the Spanish National Markets and Competition Commission (CNMC)—which imposed tough conditions to ensure competition—the Government—which has forbidden the Basque bank from merging for three years, thus…

In the World 5th September 2025

US private sector job creation limited to 54,000 jobs in August compared to 106,000 in July

Singular Bank | According to the ADP report, job creation in the US private sector was limited to 54,000 jobs in August (compared to 106,000 in July), falling short of the consensus estimate of analysts (73,000 jobs). This data once again reflects the signs of deterioration in the labour market, ahead of today’s non-farm payrolls report, and supports the Fed’s expected cut in official interest rates at its meeting this…

Companies 5th September 2025

Acciona Energía moves forward with asset sales and maintains operating guidance

Bankinter | The group maintains its operating EBITDA guidance for the year as a whole at €1 billion (similar to 2024) with an average price of €60/MWh (down 13%) and production of 26 GW (up 9%). In terms of asset sales, it confirms its target of new transactions worth between €1.5 billion and €1.7 billion. It has already agreed transactions worth €750 million this year. The assets that have left…

Companies, Ibex 5th September 2025

Inditex underperforming Ibex by 41% since December, worst performance in group’s history

Renta 4 | On Thursday, it will present its quarterly results in an important technical situation. Since April last year, it has been forming a demand and support zone at €41, with a filter down to €39.60, where it presents the closing of a significant bullish gap. Technical indicators are reversing from exceeded levels, which favours a recovery process in the coming months, although the price would have to confirm…

Relevant News Item 5th September 2025

Spain’s services PMI fall from 55.1 to 53.2 points in August

Link Securities | According to S&P Global, Spain’s services purchasing managers’ index (PMI) fell in August to 53.2 points from 55.1 points in July, falling well below the 55.3 points expected by FactSet analysts. Any reading above 50 points indicates expansion of activity compared to the previous month, and below that level, contraction. According to this index, activity in Spain’s services sector has been expanding on a monthly basis for…

Companies 5th September 2025

CAF faces pressure from Basque government to abandon projects in Israel

Alphavalue / Divacons | CAF’s contract in Israel opens another front in the battle for control of Talgo with the Basque government. The manufacturer is facing pressure from the Lehendakari to abandon its projects in Israeli territory. A blow that comes as the takeover of its competitor is being finalised. Lehendakari Imanol Pradales has admitted that the company ‘should perhaps reflect on the ethics’ of this project. SNCB in Belgium…

In Spain 5th September 2025

New Rail Chaos, Minister Warns Problems Will Continue for at Least Two Years

Yesterday, while the Minister of Transport, Óscar Puente, was appearing in Congress to explain the problems suffered by Spain’s railway network this summer (when four out of 10 trains had issues and the average delay on high-speed lines was 20 minutes), ADIF’s computer system—responsible for the rail network—crashed. This created new chaos in Madrid’s stations, especially at Chamartín. The incident ended up affecting thousands of passengers and all trains with…

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