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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 18th September 2025

PharmaMar’s capital set at €10.8 million after reduction, divided into 18 million shares with unit value of €0.60

Link Securities | PharmaMar (PHM) informed the National Securities Market Commission that, in relation to the execution of the capital reduction through the redemption of treasury shares announced on 30 July 2025, the deed of capital reduction (and consequent amendment to the articles of association) of PHM for an amount of €133,336.80 through the redemption of 222,228 treasury shares with a par value of €0.60 each has been registered in…

In Spain, Spanish economy 18th September 2025

Spanish public debt moderates to 102.3% of GDP in July compared to a year ago, at €1.68 trillion

CdM | In July, public administration debt moderated its weight on gross domestic product (GDP) to 102.3%, a decrease of 1.9 percentage points compared to a year earlier. In absolute terms, it stood at €1.68 trillion, with a year-on-year growth rate of 3.9%, according to data from the Excessive Deficit Protocol published by the Bank of Spain. By subsector, central government debt stood at €1.525 trillion, with a year-on-year increase…

In Spain, Relevant News Item 18th September 2025

Real Disposable Income Rises 1.6% in Spain Since 2010 While EU Average Rises 20%

The European Union’s statistical office attributes a mere 1.6% improvement to real incomes in Spain over fifteen years. Eurostat states in its latest report on “living conditions” in the European Union that the real disposable income of its citizens has grown by only 1.6% in Spain over the last fifteen years, whereas the EU average grew by 20%. Eurostat measures average real income—the amount left after taxes are deducted from…

Companies 17th September 2025

S&P reiterates Iberdrola’s rating at ‘BBB+/A-2’ with stable outlook following purchase of 30.29% of Neoenergia

Renta 4 | S&P Global has reiterated Iberdrola’s rating at ‘BBB+/A-2’, with a stable outlook, following the purchase of 30.29% of Neoenergia from Previ for €1.88 billion. The agency highlights that the transaction will reduce cash outflow in the Brazilian subsidiary and strengthen cash flow concentration, as will the integration of Avangrid in the United States from December 2024, which they consider positive for credit. Despite Neoenergia’s strategic importance, the…

Companies 17th September 2025

Parliament rejects motion to freeze Aena’s airport charges for 2026

Renta 4 | The Industry and Transport Committee of the Spanish Parliament rejected the non-binding motion presented by the Popular Party to halt the 6.5% increase in Aena’s airport charges planned for 2026. The vote was close, with 18 votes against and 17 in favour. The fee update is covered by current regulations and, according to Aena, responds to the need to finance investments and infrastructure maintenance. The increase, as…

Companies 17th September 2025

Turbo Energy to power Uber’s electric car batteries in Spain with Sunbox electricity storage solution

Bankinter | The subsidiary Turbo Energy (Closing $12.40, Daily Var. +359.3%; Annual Var. +474.1%), 90% owned by Umbrella and listed on the Nasdaq, will install its Sunbox electricity storage solution at Uber charging points in Spain. It will power high-capacity charging points for Uber with Sunbox Industry systems, creating a 1 MW smart storage centre. This will enable the charging of more than 300 vehicles. Analysis team’s view: Positive news…

Companies 17th September 2025

Inmobiliaria Colonial issues €800 million in 6-year bond with 3.125% annual coupon

Intermoney | Inmobiliaria Colonial (COL) (Buy, Target Price €8.5/share) has announced the placement of a bond maturing in September 2031 for a nominal amount of €800 million, with an annual coupon of 3.125%. The subscription and disbursement of the Bonds is expected to take place on 23 September 2025. The Bonds are expected to be admitted to trading on the regulated market of Euronext Dublin. The REIT has stated that…

Companies 17th September 2025

Australian Government commissions ACS to carry out modernisation works at Townsville military base

Link Securities | The Australian Government has commissioned ACS (ACS) to carry out modernisation works at the Townsville military base in the State of Queensland (Australia), according to Expansión newspaper. ACS, through its subsidiary CPB Contractors, is responsible for the design and construction of the new infrastructure to house the Royal Australian Air Force’s (RAAF) new fleet of Apache helicopters, within facilities covering an area of 900 hectares in the…

In the World 17th September 2025

Empire State manufacturing activity index enters negative territory in September, falling to -8.7 from 11.9 previously

Bankinter | The Empire State manufacturing activity index disappointed in September, entering negative territory. The indicator stood at -8.7 versus 5.0 expected and 11.9 previously. Analysis team’s view: The indicator, which surveys nearly 200 executives in the manufacturing industry in New York State, weakened due to a significant drop in demand. The components of New Orders (negative 19.6 versus 15.4 previously) and Shipments (negative 17.3 versus 12.2 previously) fell the…

In Spain 17th September 2025

Junts Gets Sánchez to Oblige Companies Across Spain to Provide Customer Service in Catalan, Business Association Awaits Reaction of Basques and Galicians

Junts per Catalunya has reached an agreement with the government of Pedro Sánchez to accept that Catalan be given de facto official language status for customer service in companies with more than 250 employees or €50 million in annual turnover. The pact includes substantial amendments to the Customer Service Bill, which will regulate the services of large companies. Sources from Carles Puigdemont’s party emphasize the companies’ “obligation” to provide service…

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