Articles by The Corner

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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.
edreams odigeo

Edreams Odigeo completes share buyback programme with acquisition of more than 2.98 million of own shares

Link Securities | The company announced the completion of its share buyback programme as its term ended on 30 November 2025, having acquired a total of 2,985,081 treasury shares, representing 2.45% of the company’s current share capital. As Edreams Odigeo announced at the start of the Buyback Programme, the purpose of the programme was to reduce the share capital by redeeming the acquired shares. Subsequently, Edreams Odigeo notified the National…


Santander Bank Polska

Santander sells 3.5% of Polish subsidiary for PLN 1.724 billion (~€407 million)

Renta 4 | Banco Santander has carried out an accelerated placement of 3.5% of its subsidiary Santander Bank Polska. The placement price was PLN 482 per share (€113.9/share), representing a 6% discount on yesterday’s closing price and valuing the transaction at €407 million. Following the settlement of the placement and after the completion of the sale of 49% of Santander Bank Polska to Erste Group Bank, Santander will hold a…


tecnicasreunidasentrada

Técnicas Reunidas repays €271 million and fully amortises SEPI loan

Link | Técnicas Reunidas yesterday paid the €271 million outstanding on the loan from the State Industrial Holdings Company (SEPI), following the partial repayments it had already made in accordance with the payment schedule established for this purpose. The company has thus repaid the loan in full almost a year ahead of schedule. The loan, for a total amount of €340 million, was granted in February 2022 in view of…


DIA

DIA moves forward with ‘logistics modernisation’ plan with 40% increase in equipment and investment of over €70 million until 2029

Link Securities | The supermarket chain plans to invest more than €70 million until 2029 in the expansion, modernisation and equipment of its logistics network, according to the digital portal Bolsamania.com. As the company has announced, this amount must be added to the investment made by its real estate partners for the promotion and development of six new logistics centres. This investment also includes the modernisation of the rest of…


china componentes

China’s manufacturing PMI rises to 49.2 points in November, in line with expectations

Link Securities | China’s official manufacturing purchasing managers’ index, the manufacturing PMI, rose slightly in November to 49.2 points, from 49.0 points the previous month, in line with analysts’ consensus expectations. We note that a reading above 50 points indicates expansion of activity compared to the previous month, while a reading below that level indicates contraction. The underlying components showed an improvement, with production turning neutral. Meanwhile, declines in new…


Airbus 320

Airbus updates in single weekend software of most A320s that had safety risk

Deutsche Bank | On 28 November, Airbus announced a recall campaign affecting more than 6,000 A320 aircraft due to a critical software fault that posed a risk to flight safety. Although most aircraft received a software update over the weekend, up to 15% still require a hardware update. Airlines have been affected unevenly, with limited disruptions in Europe and the United States. Thales, as the hardware manufacturer, is not responsible…


compras navidad

Black Friday online sales increase 9.1% to $11.8 billion, according to Adobe Analytics

Bankinter | Black Friday online sales increase by 9.1% to $11.8 billion, according to Adobe Analytics. – According to Mastercard, 10.4%. AI-induced sales 805%. Companies such as Walmart (Sparky) and Amazon (Rufus) have launched AI search tools this year that facilitate a faster and more guided product selection process. Salesforce estimates that AI has generated global online sales of $14.2 billion (£12.6 billion) ($3 billion in the US, 25% of…


Spain manufacturing sector

Spanish manufacturing sector extends growth, but at slightly slower pace

CdM | The Spanish manufacturing sector extended its growth trajectory in November, albeit at a slightly slower pace, according to the PMI index. Therefore, ‘Spain appears to be converging with the dynamics of the eurozone as a whole’. Specifically, the seasonally adjusted PMI index for the Spanish manufacturing sector stood at 51.5 in November. This figure was lower than the 52.1 recorded in October and therefore indicates a slower pace…


inditexCM

Inditex results preview: expect solid sales performance in Q3 2025 and confirmation of 2025 targets expected

Banc Sabadell | We expect comparable sales growth in Q3 2025 (published 03/12) of 7.8%, representing a normalisation in the second half of the quarter to a solid 7% (versus 9% indicated in the trading update, Aug/8-Sep). At a reported level, it will fall to +3.8%, still penalised by the exchange rate effect. We expect some improvement in gross margin (10 bps to 61.6%), favoured by a comparable base, which,…


Indra novedad

Indra shareholders approve acquisition of 89.68% of Hispasat from Redeia for €725 million

Link Securities | At Friday’s Extraordinary Shareholders’ Meeting, Indra (IDR) shareholders approved the acquisition of 89.68% of Hispasat for €725 million from Redeia (RED) (and the rest of the items on the agenda), which, for its part, purchased that percentage of Hispasat in 2019 for €933 million, valuing 100% of the company at that time at more than €1 billion, according to Expansión newspaper. The transaction, which was announced in…