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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.
sacyr edificio logo nuevo

Companies, Relevant News Item 7th August 2025

Sacyr signs contract to build Messina bridge, with planned investment of €10.6 billion

Intermoney | Sacyr (SCYR) (Buy, Target Price €4.4 per share) announced on Wednesday after the market closed that it had signed the contract to build the Messina Bridge, which will link the island of Sicily with the rest of Italy. The project concessionaire, Stretto di Messina, is majority-owned by the Italian state and other public administrations. The main contractors include WeBuild, formerly Impregilo, and Sacyr, with a 22% stake, among…

grifols edificio

Companies, Relevant News Item 7th August 2025

CNMV imposes several fines on Grifols and directors for almost €1.4 million for deficiencies in financial reporting

Link Securities | The Spanish National Securities Market Commission (CNMV) has imposed several fines on Grifols (GRF) and its directors for a total of almost €1.4 million for deficiencies in its financial information and management reports, according to Expansión newspaper. The Official State Gazette (BOE) published on Wednesday a resolution dated 24 July by the CNMV announcing the penalties for very serious and serious infringements imposed on Grifols and several…

Retail Eurozone

European economy, In Europe 7th August 2025

Retail sales in Eurozone and EU rise 0.3% in June

CdM | Retail trade volume grew by 0.3% in June compared to the previous month in both the Eurozone and the European Union (EU), according to estimates published by Eurostat, the EU’s statistical office. The figure was below the expected 0.4%. In detail, in both the eurozone and the EU, sales rose by 0.2% in food, beverages and tobacco and by 0.6% for non-food products (excluding car fuel). Motor fuel…

solaria operario

Companies 6th August 2025

Stoneshield Holding fund reveals 9.321% stake in Solaria’s capital

Link Securities | Stoneshield Holding, the investment fund founded by Felipe Morenés Botín-Sanz de Sautuola and Juan Pepa, has disclosed a 9.321% stake in Solaria (SLR), becoming the company’s second largest shareholder, according to elEconomista. According to National Securities Market Commission (CNMV) records, the firm has declared control over a block of 11.64 million shares in the renewable energy company, representing 9.321%. Specifically, Stoneshield owns 2.797% of Solaria’s capital acquired…

Ence nuevita

In Spain 6th August 2025

Regional Government of Galicia grants Integrated Environmental Authorisation to Ence’s bleached recycled fibre bioplant in As Pontes

Link Securities | The Galician Regional Government has granted Integrated Environmental Authorisation (AAI) to the bleached recycled fibre bioplanta of Ence (ENC) in As Pontes (A Coruña), as detailed in the Official Gazette of Galicia and reported by the Bolsamania website. This is a strategic step for the company in promoting this initiative, which was declared a strategic industrial project by the regional government in 2023. With the IEA, ENC…

iberdrola renovables

Companies, Relevant News Item 6th August 2025

Iberdrola negotiates sale of 49% of 1,000 MW renewable energy portfolio valued at €900 million to Fortescue

Bankinter | The Australian group Fortescue, listed on the Sydney Stock Exchange and with a market capitalisation of more than €30 billion, is negotiating with Iberdrola (IBE) the acquisition of 49% of a 1,000 MW solar and wind portfolio from Iberdrola. This portfolio is valued at least €900 million (including debt). Bankinter analysis team’s view: Good news and a transaction consistent with the group’s strategy. Iberdrola has been developing this…

Indra novedad

Companies 6th August 2025

Indra to invest €200 million in new subsidiary, IndraMind, to grow in artificial intelligence, cybersecurity and cyber defence

Link Securities | Indra (IDR) will invest €200 million in its newly created artificial intelligence subsidiary, IndraMind, with the aim of growing in artificial intelligence, cybersecurity and cyber defence, according to Expansión newspaper. Indra plans to make acquisitions to develop this new subsidiary and aspires to compete with the US company Pallantir.

Talgo

Companies 6th August 2025

Talgo minority shareholders criticise SEPI’s entry, believing company could have benefited from takeover bids

Banc Sabadell | Talgo (TLGO) minority shareholders, through the AEMEC, have criticised the entry of the State Company for Industrial Investments (SEPI) as they believe it could have benefited from the takeover bids, which did not materialise, according to press reports. SEPI’s entry through a rights issue prevents them from benefiting from this option. In addition, AEMEC also believes that there could be concerted action between SEPI and the Basque…

naturgy

Companies, Ibex 5th August 2025

Naturgy announces accelerated placement and bilateral sale of 5.5% of capital to increase free float

Renta 4 | Naturgy (NTGY) has carried out an accelerated placement of approximately 2% of its capital, 19.3 million shares held in treasury, for approximately €500 million. This represents a price per share of €25.9 and a discount of 7.1%. In addition, it has agreed to sell up to 34.1 million shares, also held in treasury, representing approximately 3.5% of the capital, to an international financial institution. Naturgy has entered…

EEUU construccion

In the World 5th August 2025

US economy adds 73,000 non-farm jobs in July, well below 115,000 expected

Link Securities | According to data from the Department of Labor, the US economy added 73,000 non-farm jobs in July. The figure is well below the 115,000 jobs expected by the consensus of FactSet analysts. In addition, June’s job creation figure was sharply revised downward from an initial 147,000 jobs to just 14,000 jobs, and May’s figure was also revised downward by 125,000 jobs. Taken together, the May and June…