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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.
Pharmamar

Relevant News Item 7th March 2025

JPMorgan Chase acquires 3.12% stake in Pharmamar, valued at €56.8 million

Link Securities | The largest US bank yesterday notified the National Securities Market Commission (CNMV) of a 3.12% stake in the bio-pharmaceutical company Pharmamar. JPMorgan Chase, which reached this threshold last Monday, owns this package directly in shares (2.54%) and the rest (0.57%) through financial instruments (equity swap). With this operation, carried out through different companies and investment funds, this stake would be valued at €56.8 million. Other PharmaMar shareholders,…

No Picture

In the World 7th March 2025

China sets growth target for 2025 at 5%, with budget deficit rising to 4% from 3% in 2024

Banca March | China sets growth target for 2025 at 5%, with budget deficit rising to 4% (from 3% in 2024). The The government document presented by Prime Minister Li Qiang to parliament sets the GDP target at 5% for the third consecutive year, a demanding goal that will require more aggressive stimulus measures. The focus is on strengthening consumption and counteracting deflationary pressures – the government has lowered its…

IAG

World economy 6th March 2025

IAG fears Trump’s trade war: 17% of 2024 income -€5,406 million- depended on US

Link Securities | The holding company IAG (IAG) fears that the trade war unleashed by US President Donald Trump since his arrival at the White House will affect its business with higher prices and less appetite for flying in general and, in particular, on routes to the United States, one of its main markets, according to Expansión. Last year, 17% of IAG’s income, or €5.406 billion, depended on the United…

CAF Bombardier

Relevant News Item 6th March 2025

CAF selected as ‘preferred bidder’ for €1,695-million renewal of train fleet in Belgium

Bankinter | The company announced yesterday that it has been selected as the preferred bidder for the contract to supply a new train fleet for the Belgian operator NMBS/SNCB (Société Nationale des Chemins de Fer Belges). The operator has approved the purchasing process with the selected company, pending the finalisation of the award. If the agreement is finally reached, it would involve an initial commitment of around €1,695 million (54,000…

Indra radares

European economy 6th March 2025

With European defence sector benefiting from geo-strategic environment, Indra trades at lowest multiples

Bankinter: The good momentum in the sector continues and our thematic portfolio is up 30% for the year, especially thanks to European stocks. In February the Munich Security Conference ended without a preliminary agreement to put an end to the war between Russia and Ukraine, but with a clear conclusion: Europe must be prepared and significantly increase its defence spending. In line with this argument, some NATO countries have already…

colonial inmo

European economy 6th March 2025

Colonial and French subsidiary SFL give green light to joint merger project between the two

Renta 4 | Yesterday, after the market close, Colonial announced in a statement to the National Securities Market Commission (CNMV) that the Boards of Directors of Colonial and SFL had approved the joint merger project between the two companies (with Colonial as the absorbing company). The intra-European cross-border merger will involve the extinction of SFL through its dissolution without liquidation and the transfer en bloc of all its assets to…

CaixaBank nuevito

Spanish economy 6th March 2025

Criteria and ‘la Caixa’ Foundation return to Catalonia seven years after the ‘procés’

CriteriaCaixa – the business holding of the Caixa Group, with stakes valued at €30 billion in a wide range of companies (Naturgy, Telefónica, ACS…) – and the ‘la Caixa’ Foundation have returned their headquarters to Catalonia almost seven and a half years after relocating to Palma. CaixaBank will remain in Valencia, where it moved during the same period. The Banking Foundation Caixa d’Estalvis i Pensions de Barcelona has agreed to…

criteria

In Spain 5th March 2025

CriteriaCaixa to acquire up to 5% of Veolia

Veolia and CriteriaCaixa, the investment arm of the ‘la Caixa’ Foundation, have reached an agreement whereby CriteriaCaixa will enter the capital of Veolia Environnement and will have a representative on its Board of Directors, as part of a stable participation agreement in the shareholding and governing bodies of Veolia, as announced by the Catalan group on Tuesday. The entity will allocate around one billion euros to the operation. Veolia, a…

obras 11 1000x528 777x400 1

Relevant News Item 5th March 2025

Unemployment falls by 5,994 in February, to 10.4%

According to data from the Ministry of Labour and Social Economy, the number of unemployed registered in the offices of the Public Employment Service (SEPE) decreased in February by 5,994 people compared to the previous month (down 0.23%), reaching 2,593,449 people, the lowest figure for this month since 2008. This represents 10.4% of the active population. Meanwhile, according to data published by the Ministry of Inclusion, Social Security and Migration,…

iberdrola electrolinera 1

Relevant News Item 4th March 2025

Iberdrola-Renault agreement to promote EVs with €800 discount on car purchases

Link Securities | Iberdrola (IBE) and Renault Group (RNO-FR) have joined forces to promote the accessibility of electric vehicles in Spain, the two companies explained this Friday in a joint statement, as reported by the digital portal Bolsamania.com This collaboration means a discount of €800 on the purchase of an electric vehicle from any of the brands of the Renault Group (RNO-FR) (Renault, Dacia and Alpine). Thus, Renault Group (RNO-FR)…