Top Stories

Articles by The Corner

About the Author

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.
ezentis antenas

Companies 16th December 2025

Ezentis enters into new contracts worth over €11.8 million

Link Securities | According to the Ezentis Group (EZE), a company specialising in smart solutions in the field of integrated facilities, communications networks and advanced technologies, the company has signed new contracts in Q4 2025 worth more than €11.8 million, strengthening the group’s commercial visibility and progress in the execution of its 2025-2028 Strategic Plan. For its part, Grupo CYS, a subsidiary specialising in communications networks, has been awarded new…

Spanish SMEs provide jobs for 71% of social security contributors

In Spain 16th December 2025

Association of Self-Employed Workers reports government to EC for refusing to apply VAT exemptions for low-turnover freelancers

The Government’s refusal to implement a VAT exemption for self-employed workers with lower income volumes—a measure already implemented in most European Union countries and which was supposed to be approved by January 2025—has led the main self-employed association, ATA, to report the Spanish Executive to the European Commission. The complaint cites the refusal to transpose the community directive modifying the special VAT exemption regime for the self-employed and SMEs—known as…

oryzon

Companies 15th December 2025

Oryzon to increase capital through cash contributions and with exclusion of pre-emptive subscription rights, for effective amount of up to €125 million

Link Securities | Oryzon’s Extraordinary General Shareholders’ Meeting has approved, among other matters, a capital increase of up to €125 million, as reported by the company through the National Securities Market Commission (CNMV). Specifically, it has approved “a capital increase, through cash contributions and with the exclusion of pre-emptive subscription rights, in an effective amount of up to €125 million and delegation to the Board of Directors of the power…

Talgo building

Companies 15th December 2025

Talgo to increase share capital by €3.187 billion nominal value, issuing 10.58 million new ordinary shares without pre-emptive subscription rights

Alphavalue / Divacons | Last Friday, the railway company held an Extraordinary General Meeting at which its shareholders approved all the proposals presented by the Board of Directors. These approvals were essential to allow SEPI and the Basque Government to enter the shareholding structure. Firstly, Talgo’s shareholders approved a capital increase of €3.187 billion nominal value through the issue of 10.58 million new ordinary shares, excluding preferential subscription rights. They…

Eurozona PMIs

European economy, In Europe 15th December 2025

Eurozone industrial production rises 0.8% in October, more than expected

CdM | Eurozone industrial production rose 0.8% in October, according to data from Eurostat, the EU statistics office. The figure was above consensus forecasts, which anticipated a more moderate increase of 0.1%. Across the European Union (EU), it grew 0.3% in the tenth month of the year. Analysed in detail, industrial production in the eurozone increased by 0.3% for intermediate goods, 1.1% for energy prices, 0.5% for capital goods, 0.2%…

cellnextorre

In Spain 15th December 2025

CNMC considering liberalising access to telephone, audiovisual and radio network, benefiting Cellnex and Telefónica

Banc Sabadell | The Spanish Compeition Authority (CNMC) is reportedly considering liberalising access to the physical infrastructure (ducts) of the telephone network and to the audiovisual and radio signal transport network. The former could benefit Telefónica (TEF) in a residual manner (the rental of ducts to other operators accounts for approximately €70 million in revenue, or approximately 0.2% of the group’s revenue), and the latter could benefit Cellnex (CLNX) (the…

aena airport

Companies 15th December 2025

Aena airports receive total of 356 million passengers to date this year, increase of 4.2%

Link Securities | Aena (AENA) airports (comprising 46 airports and two heliports in Spain, London Luton Airport and 17 airports in Brazil) have received a total of 356,907,392 passengers so far this year, representing an increase of 4.2% compared to 2024. According to data from the Spanish airport system operator, there were 3,039,108 aircraft movements (up 2.5%) and 1,396,665 tonnes of cargo were transported, 7.7% more than in the same…

Ferrovial

Companies 15th December 2025

Ferrovial to begin trading on Nasdaq 100 on 22 December

Intermoney | Ferrovial (FER) (Hold, Target Price €43/share) announced on Friday after the market closed that it would be included in the Nasdaq-100 index, after a year and a half of trading on Wall Street. This move will take effect before the market opens on Monday, 22 December. Assessment: Ferrovial’s inclusion in the Nasdaq-100 index is, in a way, the culmination of the announcement made in November 2023, which initiated…

Montero

In Spain 15th December 2025

Over 640,000 taxpayers still waiting for tax refunds from Treasury

Five months after the end of the Income Tax payment period (June 30), and with barely 15 days left until the end of the year, the Treasury (Hacienda) has still not refunded the amounts from the last Income Tax declaration to 643,000 taxpayers. If it fails to do so before December 31, it will have to pay late payment interest (intereses de demora) for the delay, provided that the liquidation…

sacyr edificio logo nuevo

Companies 12th December 2025

Sacyr signs forward contract for 10 million shares at €3.74, adjustable based on final execution price and maturing in one year

Link Securities | Today, the company has formalised a forward contract with a credit institution for 10,000,000 ordinary Sacyr shares with an initial reference price of €3.744, adjustable according to the final execution price and maturing in one year, by signing the corresponding confirmation. The transaction is settable by physical delivery of shares or by differences, at Sacyr’s discretion. The transaction has been formalised bilaterally and without the acquisition of…