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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.
electricity1

In Spain 30th December 2025

Repsol to make largest contribution to FNEE, followed by Endesa, Iberdrola and Naturgy

Banc Sabadell | Gas and electricity suppliers and oil companies will have to contribute €1.871 billion to the National Energy Efficiency Fund (FNEE) in 2026, which represents an 83% increase compared to 2025, according to press reports. Of the listed companies, Repsol will make the largest contribution (€440 million), followed by Endesa (€223 million), Iberdrola (€163 million) and Naturgy (€161 million), representing 52% of the estimated contribution between the four….

Acciona Energía bonica

Companies 29th December 2025

Fitch downgrades Acciona Energía’s outlook but maintains its BBB- rating

Banc Sabadell | Credit rating agency Fitch has downgraded the outlook from stable to negative, confirming the BBB- (Investment Grade) rating. The downgrade is due to delays in the execution of its divestment plan, as well as a slight deterioration in its operating performance in 2025. Assessment: Negative news, although we do not expect a significant impact. We note that the company remains very active in its asset rotation plan…

amper2

Companies 29th December 2025

Amper wins two strategic contracts in Mauritania worth approximately €12 million

CdM | Amper (AMP) has been awarded two strategic contracts in Mauritania in the field of aeronautical communications, air navigation and airport modernisation, worth approximately €12 million at the current exchange rate, according to a statement issued by the company on Monday to the Spanish National Securities Market Commission (CNMV). Both projects will be carried out at Nouadhibou International Airport, the country’s second largest airport, and will improve its critical…

Airbus C295 Espana Defensa

Companies 29th December 2025

Airbus wins contract with Ministry of Defence to manufacture 18 C295 military transport aircraft

Link Securities | According to the newspaper Expansión, aerospace giant Airbus (AIR) has been one of the major beneficiaries, along with INDRA (IDR) and Navantia, of the special modernisation programmes (PEM) launched by the Spanish government. Under the PEMs, Airbus has secured a contract with the Ministry of Defence to manufacture 18 C295 military transport aircraft, which will replace the current CN235 and C212 aircraft. These aircraft will be used…

repsol diesel nexa

Companies 29th December 2025

Repsol reaches 1,500 stations with 100% renewable Nexa Diesel in Spain and Portugal

CdM | Repsol (REP) has reached a new milestone in its transport decarbonisation strategy, with 1,500 service stations supplying 100% renewable Nexa Diesel in Spain and Portugal. Specifically, 1,429 are located in Spain and 71 in Portugal, thus meeting the target set in the updated 2024-2027 strategic plan. With this advance, Repsol has positioned itself as the most important network in Europe for 100% renewable fuels. So far this year,…

iberdrola offshore

Companies 29th December 2025

Trump’s intention to halt work on five offshore concessions has limited impact on Iberdrola

Alphavalue/DIVACONS | Despite the Trump administration’s intention to halt work on five offshore concessions, our analysts believe that the measure has limited impact on Iberdrola (IBE). The company itself clarified that 80% of the wind turbines at the Vineyard Wind One offshore wind farm have been producing electricity for months and supply power to nearly 400,000 homes in Massachusetts. Only two of the 62 nacelles remain to be installed. The…

unemployment spain

In Spain 29th December 2025

Unemployment rate for over-55s, 9.8%, exceeds over-25s at 9.4%

The unemployment rate for people over 55 stood at 9.8% in 2025, 0.4 percentage points higher than the rate recorded for the over-25 age bracket. Historically, this age group has shown lower levels of unemployment than the rest of the workforce, according to the latest analysis by the BBVA Foundation and the Valencian Institute of Economic Research (Ivie) in their publication Esenciales, which tracks trends since 1980. However, this barrier…

Spanish Banks precious

Relevant News Item 26th December 2025

Bank of Spain updates GDP forecasts: 2.9% for 2025; 2.2% for 2026 and 1.9% for 2025

Bankinter | The Bank of Spain has updated its forecasts for the Spanish economy, raising GDP growth for this year and the next two years: 2025 will close with an increase of 2.9% (up 0.3%), 2026 with 2.2% (0.4%) and 2027 with 1.9% (0.2%). The improvement in growth projections is based on a review of recent quarterly activity and domestic demand, particularly the dynamism of private consumption. With regard to…

salaries spainTC

Spanish economy 26th December 2025

Spain’s GDP moderates by one tenth year-on-year to 2.8% in Q3 2025, lowest in almost two years

Singular Bank | According to the INE, in Q3 2025, our country’s GDP moderated its growth rate slightly to 0.6% in quarterly terms, after standing at 0.7% between April and June. Meanwhile, in year-on-year terms, the pace of growth in Spanish economic activity slowed by 0.1 pp to 2.8%, its lowest rate in almost two years. This trend can be explained by the moderation of the year-on-year contribution of final…

The year has just started with the banking sector rising strongly

In Spain 26th December 2025

The European Deposit Insurance Scheme: The Missing Step for Banking Union

By Gloria Hervás (Global Head of Public Policy, Banco Santander) | I have been working in banking for nearly 25 years, and I have experienced the debate over European financial integration firsthand—even before the complicated months leading up to the 2008 financial crisis. I still remember how doubts regarding the solvency of one part of the financial sector dragged down the industry as a whole, and how this fed into…