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.
iag 1440x808 1

Companies, Relevant News Item 7th November 2025

IAG: results slightly below expectations due to difficult comparison, but balance sheet healthy and liquidity good

Bankinter | Q3 2025 results are slightly below expectations. Q3 2025 figures (versus market consensus): Revenue €9,328 million (same as Q3 2024) versus €9,427 million estimated; BNA €1,402 million (down 2.3%) versus €1,443 million estimated; Capacity (available seat kilometres, ASK): 95,537 million (up 2.4%); Load factor 88.6% (versus 89.9% in Q3 2024); Passengers 34,587 million versus 34,745 million in Q3 2024. Unit revenue per passenger (available seat kilometres) fell to…

naturgy eolica

Companies 7th November 2025

Naturgy rejoins MSCI indices on 25 November after increasing free float and liquidity

Link Securities | On 5 November 2025, MSCI announced the re-inclusion of Naturgy (NTGY) as a component of its MSCI indices, effective 25 November 2025. The MSCI indices serve as a key benchmark for monitoring the performance of global financial markets and are widely used by investors, fund managers and analysts. This inclusion reflects recognition of Naturgy’s increased free float market capitalisation and liquidity, as well as its compliance with…

Cellnex

Companies 7th November 2025

Cellnex to distribute €1 billion among shareholders: half as dividends, half as share buybacks

Link Securities | The Board of Directors of Cellnex (CLNX), based on the authorisation granted by the General Shareholders’ Meeting held on 9 May 2025, agreed on Thursday to distribute part of the share premium reserve amounting to €500,000,000. This amount will be paid in two instalments: €250,000,000 in January 2026 and €250,000,000 in July 2026. The gross amount per share, as well as the detailed schedule (ex-dividend date, record…

Sacyr2

Companies, Relevant News Item 7th November 2025

Sacyr Revenue up 4.6%, EBITDA 7.4%

Renta 4 | Revenue, which is in line with expectations, increased (up 4.6%) as a result of the contribution from the A21 in Italy and other assets in Chile, the commissioning of water projects and the progress of construction works in Spain, the United Kingdom, and Chile. This was partially offset by the accounting effect of divested financial assets and the completion of projects in the United States, Canada, and…

Sanchez

In Spain 7th November 2025

Junts assures “legislature is blocked”: no budgets, no more laws

Miriam Nogueras, Junts spokesperson in the Congress—where the fugitive Puigdemont’s party maintains seven decisive deputies, without whom the investiture majority falls into a minority with 172 out of 350 deputies—announced yesterday that her party will not vote with the Government again after the half-dozen laws they have already agreed upon pass through Parliament. She will not vote in favor of either the 2026 Budgets (Spain continues to extend the 2023…

Alemania industria 1

In Europe 6th November 2025

Industrial production in Germany falls 1% year-on-year in September

Bankinter | Industrial production in September was once again weaker than expected, falling by 1.0% year-on-year, compared to an estimated rise of 0.1% and a 3.9% drop previously. In month-on-month terms, it rebounded by 1.3% versus 3.0% expected and after the sharp fall seen in August (4.3%), which was the largest since 2022, mainly due to the18.5% fall in car production. Analysis team’s view: Negative data, although we do not…

US jobs data

In the World 6th November 2025

US creates 42,000 private sector jobs in October, after two months of losses

Link Securities | According to US payroll processor ADP, the US economy created 42,000 net private jobs in October, following two months in which private companies destroyed net jobs (3,000 in August and 29,000 in September). The FactSet analyst consensus expected a slightly lower reading of 37,500 net private jobs. In October, the education, healthcare, retail, transport and public services sectors led private employment growth in the US. Conversely, for…

durofelguera

Companies 6th November 2025

Sonelgaz unexpectedly executes guarantees worth €54.8 million to Duro Felguera for power plant contract in Algeria

Link Securities | With regard to the contract that Duro Felguera (MDF) signed with Sonelgaz-Production d’Electricité for the construction of a combined cycle power plant in Djelfa (Algeria), Duro Felguera reports that the client, unexpectedly, while the parties were negotiating a solution for the project, unexpectedly proceeded to execute the guarantees for an amount equivalent to €54.8 million. This contingency was provided for in the Restructuring Plan approved by the…

Aena nuevita

Companies 6th November 2025

PP’s amendment to new sustainable mobility law casts doubt on Aena’s investment plan to increase capacity at some airports

Renta 4 | The Popular Party Parliamentary Group has introduced an amendment (already approved by the Senate, pending Congress) that orders the government to freeze airport charges from 2027 to 2031. It should be pointed out that, despite the fact that fees have been reduced by 36% since 2015, they finance operating costs and investments with a high level of competitiveness at European level. The 2014 law established a double…

AccionaSede

Companies, Relevant News Item 6th November 2025

Acciona sells portfolio of 1,016 homes in Madrid, Barcelona and Terrassa to management company Argis for €324 million

Alphavalue/ Divacons | Acciona’s real estate division has reached an agreement with Argis, a Spanish integrated capital management company, for the sale of a portfolio of 1,016 homes located in Madrid, Barcelona and Terrassa. The transaction is worth €324 million, according to a statement released by the company this week. Specifically, this operation, described as one of the ‘most significant of the year’ in the Spanish ‘built to sell’ (BTS)…