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.
Amper nueva

Amper strengthens portfolio in oil & gas and offshore wind energy sector, subsidiary Navacel awarded five new contracts worth €25.7 million

Renta 4 | Navacel, Amper’s subsidiary dedicated to manufacturing equipment for the offshore market, has announced the award of five contracts in the oil & gas and offshore wind energy sectors for a total amount of €25.7 million. The contracts are: 1) two orders valued at €16 million for the supply and manufacture of a mooring and fluid transfer system for BPSO (Floating Production, Storage and Offloading) vessels with a…


banco sabadell

Sabadell misses Q3 2025 forecasts: net profit amounts to €414 million, 6% below consensus, and reiterates 2025-27 guidance

Renta 4 | Q3 2025 results were below our estimates and consensus estimates in the main lines of the income statement, with net profit 3% below Renta 4 estimates and 6% below consensus. Highlights of the results include: 1) Net interest margin remained stable quarter-on-quarter at constant rates and fell 1% ex-TSB, with volume growth partially offsetting the deterioration in customer margin (-6 bp i.t.). 2) The cost of risk…


alemania ampelmann

Final CPI in Germany confirms preliminary annual figure of 2.3% compared to 2.4% previously

Bankinter | A slight moderation in German inflation in October is confirmed. The final CPI confirms the preliminary figure of 2.3% (year-on-year) against 2.4% previously. Wholesale Price Index 1.1% in October (year-on-year) against 1.2% previously. Analysis team’s view: Inflation moderates slightly, moving towards the ECB’s target (2%). We do not expect any changes in ECB rate expectations, so it should have a neutral impact on stocks and bonds.


autopista sh288 acs

Major Spanish construction companies form consortiums to bid for macro-contract to expand and operate I-77 South motorway (North Carolina)

Link Securities | Acciona, ACS, FCC, Ferrovial and Sacyr are preparing their bids for a new macro-road project in the US, according to an article in elEconomista.es. They are finalising their alliances to submit their credentials in mid-December in the tender for the expansion and subsequent operation, using a managed lanes model, of the I-77 South motorway in North Carolina. The project will require an estimated investment of between $3.2…


Vocento

Vocento loses €3.2 million in 9M25 compared to -€27 million in 9M24 thanks to capital gains from the sale of real estate and pisos.com

Intermoney | The company (Buy, PO €1.0) published its results for the first nine months yesterday after the market closed. The performance is greatly affected by changes in the scope of consolidation (the cessation of the Digital Services and Relevo sports newspaper activities, as well as the sale of pisos.com, businesses that in 9M24 contributed €9.7 million in revenue and EBITDA losses of €2.9 million). In comparable terms, revenue fell…


IPC varios Eurozona.

Eurozone: Sentix investor confidence falls to -7.4 points in November from -5.4 previously

Link Securities | The Sentix index, which assesses investor confidence in the Eurozone, fell to -7.4 points in November from -5.4 points in October, falling below the -6.0 points expected by analysts in the Reuters consensus. Thus, the survey of 1,069 investors showed a weakening of this group’s perception of both current conditions and future expectations for the Eurozone economy. Germany, Europe’s largest economy, sank further into pessimism, with its…


singles day

Singles’ Day aims to counteract weak domestic consumption in China: Alibaba extends it to 20 countries

Bankinter | Yesterday marked the biggest online shopping event of the year in China (and the world), known as ‘Singles’ Day’ (11.11). Launched in 2009 by Alibaba as a promotional event, it has grown in duration over the years. In 2025, it began on 9 October (JD.com) and 11 October (Alibaba), the earliest start in its history, resulting in a duration of five weeks compared to 28 days in 2024…


BBVA Argentina

BBVA covers 23.2% of €993-million share buyback programme

Alphavalue / Divacons | The financial institution executed 23.2% of its share buyback programme, valued at €993 million, as reported yesterday to the Spanish National Securities Market Commission (CNMV). Specifically, between 31 October and 10 November, the entity acquired a total of 13.1 million shares for €231 million at an average price of €17.6 per share.


Santander Bank Polska 1

Santander considering selling 13% stake it still holds in Polish subsidiary, worth just over €1.6 billion

Link Securities | The bank has hired Goldman Sachs and Citi to analyse the sale of its remaining stake in its Polish subsidiary, Santander Polska, which is valued at just over €1.6 billion, according to sources familiar with the situation who spoke to Bloomberg. Santander retains 13% of the Polish unit after executing the transaction it announced last May: the sale of 49% of Santander Polska to Esrte Group for…


morocco inmigration

EC Includes Spain Among Countries Subject to “Disproportionate” Migratory Pressure

The European Commission has included Spain among the four countries in the bloc that, due to being under major migratory pressure, can appeal to the solidarity of their partners and activate the mechanism provided for in the new Migration and Asylum Pact, allowing some of the migrants who have arrived irregularly on their territory to be relocated to other Member States. Alongside Spain, the countries facing the highest migratory pressure…