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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.
Telefonica Prosegur

Companies 23rd December 2025

Telefónica: €454,000 per employee provisioned cost for redundancies, €2.5 billion total

Renta 4 | TELEFÓNICA. Signing of the redundancy plan in Spain 1. As expected, Telefónica signed the agreement on the redundancy plan in Spain with the main trade unions yesterday and has signed collective agreements with the seven subsidiaries in Spain until the end of 2030. 2. Redundancy plans have been agreed for 5,500 employees. The conditions of participation will be established in each of the plans. 3. The current…

iberdrola offshore

Companies, Relevant News Item 23rd December 2025

Iberdrola: Trump Administration cancels Vineyard Wind offshore wind project 1

Bankinter | The US Department of the Interior has announced the immediate suspension of lease agreements for all large-scale offshore wind projects under construction in the United States due to ‘national security risks identified by the Department of Defence’. Among others, Iberdrola’s Vineyard Wind 1 wind farm, which was already under construction, will be halted. This farm is being developed off the coast of Massachusetts and has an installed capacity…

electricity

Ibex 22nd December 2025

Redeia and Endesa: Council of State questions CNMC on network remuneration methodology

Banco Sabadell | According to press reports, the Council of State has issued a legal ruling questioning the legal validity of the circular on network remuneration methodology, particularly the Totex model, as linking remuneration to future demand introduces a market risk that is incompatible with the regulated nature of the activity, while imposing limits on investment could encroach on the Ministry’s powers. However, with regard to the circular on the…

fcc environmental services 1

Companies, Relevant News Item 22nd December 2025

FCC completes sale of 25% of environmental services subsidiary to CPP Investments for €1 billion

Link Securities | The company informed the National Securities Market Commission (CNMV) that it has completed the sale of 25% of the capital of its subsidiary FCC Servicios Medio Ambiente Holding, S.A. (FCC Enviro) to CPP Investments for €1 billion. In this regard, the financial portal Bolsamania.com explains that, following the transaction, FCC retains a majority stake in FCC Enviro with 50.01%, while CPP Investments, which was already a shareholder,…

amper. def

Companies 22nd December 2025

Amper awarded €130-million contract to modernise and expand electricity grid in Brazilian State of Pará

Norbolsa| The company has been awarded a contract by the Equatorial Group to modernise and expand the electricity grid in the Central-Western Region of the State of Pará (Brazil). The agreement has an initial term of four years and is worth 842 million reais (more than €130 million), with an option to extend for another four years, which could double its value. The Equatorial Group is one of Brazil’s leading…

bank of EnglandTC

In the World 22nd December 2025

Bank of England lowers rates to 3.75% in first cut since last August

Link Securities | The Bank of England’s (BoE) Monetary Policy Committee approved by five votes to four a quarter-point cut in its benchmark interest rate to 3.75%, the first cut since last August. The four members who voted against the move argued for keeping rates unchanged. On this occasion, BoE Governor Andrew Bailey supported the decision to cut rates. The BoE’s benchmark rate is now at its lowest level since…

Naturgy3

Companies 22nd December 2025

CriteriaCaixa strengthens Naturgy stake to 25.98% after purchasing additional 2% from BlackRock

Norbolsa | The investment arm of Fundación LaCaixa has taken advantage of the partial sale executed last week by BlackRock to strengthen its position as the largest shareholder in the energy company and increase its stake to almost 26% of the capital, according to records from the Spanish National Securities Market Commission (CNMV). CriteriaCaixa thus recovers part of the weight it lost with the “self takeover bid” carried out by…

GrifolsGRF

Companies 22nd December 2025

FDA approves launch of Grifols fibrinogen for patients with congenital deficiency

Renta 4 | The company has announced FDA approval for the launch in the US of the new fibrinogen concentrate FESILTY for adult and paediatric patients with congenital fibrinogen deficiency. FESILTY is a product developed by Biotest, which will be marketed in the US by Grifols. The company expects FESILTY to be available to US patients experiencing acute bleeding episodes caused by this protein deficiency from the first half of…

PP

In Spain 22nd December 2025

Elections in Extremadura: PP wins more seats than entire left combined

These are the first elections of the new electoral cycle after 2 years without polls in Spain, and the results confirm what the surveys predicted: The PP will continue to govern in Extremadura after achieving 43% of the vote and 29 seats (up from 28). Meanwhile, the PSOE collapses (dropping from 28 seats—equal to the PP’s previous count—to 18), and the fringes on both sides are rising: the right (Vox…

airbus cartel 1

Companies 19th December 2025

Airbus Helicopters wins contract for 100 units, worth €4 billion, for Spanish Ministry of Defence

Bankinter | Airbus has announced four contracts for the acquisition of 100 helicopters, as part of the National Helicopter Plan announced in May, worth around €4 billion and to be delivered between 2027 and 2031. Airbus Helicopters will strengthen its capabilities in Spain, creating more than 300 highly skilled jobs. The Albacete plant will have a new military helicopter customisation centre and an international training centre for pilots. Analysis team’s…