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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.

Spanish economy 18th November 2025

Spanish Public Debt Grows at Annual Rate of 4.5% and Hits New Record of €1.71 Trillion

According to preliminary data published by the Bank of Spain (BdE), the outstanding balance of Spanish Public Administrations’ debt stood at €1.710 trillion in September, representing a 4.5% increase year-on-year, while the increase compared to August was 0.1%. The September figure marks a new historical record. The BdE reported that in September, central government debt grew by 4.6% year-on-year, reaching €1.558 trillion, which represents 94% of GDP. For their part,…

Companies 17th November 2025

Duro Felguera’s EGM approves company’s restructuring plan

Alphavalue / Divacons | The Asturian company’s shares fell by 4.27% on Friday after the extraordinary shareholders’ meeting approved the restructuring plan by a majority vote of over 99.99%. The roadmap includes debt relief, a €10 million capital injection from Prodi, the sale of non-strategic assets and a reduction of up to 500 jobs, according to Agencia EFE. The aim of the plan is to overcome financial and business difficulties…

In the World, World politics 17th November 2025

Victory in Bihar strengthens Modi’s party’s position in governing coalition and means greater leeway to negotiate trade agreement with US

Bankinter | Bihar state elections. The National Democratic Alliance (NDA) bloc, led by Narendra Modi’s party, has won a comfortable victory in the regional elections in the state of Bihar. Out of a total of 243 seats in the Bihar Legislative Assembly, Modi’s party won 89, while its main regional ally, the Janata Dal party, won 83 seats. Overall, the alliance won 200 of the 243 seats. Bihar accounts for…

Companies 17th November 2025

Colonial’s results in line with forecasts and show similar trend to previous quarters

Banc Sabadell | The results are perfectly in line with our forecasts and show trends very similar to those observed in recent quarters. Rental income: €296 million (up 1.0% versus Banco Sabadell’s 0.8% estimate); recurring EPS: €0.25 (down 3.9% versus the drop of 3.5% estimated byBanco Sabadell). Comparable rental income grew by 5% thanks to indexation and price improvements in renewals. Recurring EPS fell by 4% due to the higher…

Companies 17th November 2025

Caixabank executes 95.79% of buyback programme, with maximum amount of €500 million

Alphavalue/DIVACONS | The Catalan bank, Caixabank (CABK), informed the National Securities Market Commission (CNMV) that the number of shares purchased to date as a result of the execution of the buyback programme (maximum amount €500 million) amounts to 58,760,550, representing an amount of €478,965,460, equivalent to 95.79% of the maximum monetary amount.

Companies 17th November 2025

Telefónica meets with unions on Monday after announcing seven redundancy plans as part of cost-cutting plan

Alphavalue/DIVACONS | As we highlighted on Friday, the newspaper Expansión reported that Telefónica (TEF) will submit no fewer than seven redundancy plans (EREs) as part of its cost-cutting plan. It should be noted that the company plans to meet with trade unions on Monday to discuss these issues. We will be monitoring any developments. Telefónica shares rose 0.46% on Friday. Telefónica: Buy, Target Price €5.30/share.

Companies, Relevant News Item 17th November 2025

Repsol plans to double size of lubricants business

Renta 4 | According to information published in the press, the update of Repsol’s (REP) Strategic Plan for the coming years, which will be announced in March, plans to double the size of the lubricants business, exceeding €1 billion in turnover and reaching around €120 million in EBITDA (vs ~€480 million in sales and ~€64 million in EBITDA in 2024), increasing production from around 220,000 tpy to ~320,000 tpy in…

Companies 14th November 2025

Ferrovial issues €400 million in non-dilutive convertible bonds with cash settlement at 5.5 years and 0.75% annual interest rate

Link Securities | The company announced yesterday the successful placement of non-dilutive convertible bonds with cash settlement for an amount of €400 million, maturing in 5.5 years, until 20 May 2031. The Bonds will bear a fixed annual interest rate of 0.75%, payable semi-annually in arrears on 20 May and 20 November of each year, commencing on 20 May 2026. The Bonds will be issued at par on or around…

European economy, In Europe 14th November 2025

Eurozone Industrial production grows 1.2% year-on-year in September due to dependence on external sector

Bankinter | Industrial production in Eurozone countries grew less than expected in September: 1.2% year-on-year versus 2.1% expected and 1.2% previously (revised from 1.1%). In month-on-month terms, 0.2% versus 0.7% versus a drop of 1.1% (revised from 1.2%). By country, Germany continues to slow down its growth (down 0.8%). Analysis team’s view: Industrial production, which is highly dependent on the foreign sector, continues to be affected by US tariffs and…

In the World, World economy 14th November 2025

OPEC shifts from estimating deficit to surplus of oil for 2026, while IEA forecasts rising demand over next 25 years

Bankinter | OPEC estimates that there will be an oil surplus of 20,000 bpd in 2026, which contrasts with the deficit forecast in previous reports: 70,000 bpd in September and 50,000 bpd in October. Yesterday, Brent fell by almost 4% for this reason. This contrasts with what the International Energy Agency (IEA) published the day before: global demand for oil and gas will increase over the next 25 years, as…

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