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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.
Catalana occidente

Companies, Relevant News Item 31st October 2025

CNMV authorises Inocsa’s takeover bid for Catalana Occidente

Link Securities | The Spanish Securities Market Commission (CNMV) has agreed to authorise the voluntary takeover bid for Catalana Occidente shares submitted by Inoc, S.A. on 28 April 2025 and admitted for processing on 16 May 2025, on the understanding that its terms comply with current regulations and considering the content of the explanatory prospectus and its annexes to be sufficient, following the latest amendments registered on 24 October 2025….

Caixabank

Companies, Relevant News Item, Spanish economy 31st October 2025

CaixaBank achieves profit of €4.397 billion up to September, up 3.5%

The CaixaBank Group obtained a net profit of €4.397 billion between January and September 2025, after growing by 3.5% compared to the same period of the previous year. CaixaBank, which serves 20.6 million customers in Spain and Portugal through a network of around 4,100 branches, holds more than €660 billion in assets. The year-on-year evolution of the income statement reflects, as it did in the first half of the year,…

melia 4

Companies 30th October 2025

Meliã: hotels increase revenue 6.3% year-on-year, with record prices of €170/night in Spain

Bankinter | According to the Hotel Sector Barometer, hotel rates have set a new record in Spain with average prices from January to September of €170/night (up 5.5% year-on-year). Occupancy also improved, albeit moderately, by 0.7%, to reach an average of 76.4% in Spain. As a result, revenue per available room (RevPAR) stood at €129.9 (up 6.3% year-on-year). Analysis team opinion: Good news for the sector, which continues to raise…

China EEUU choque 1

In the World 30th October 2025

US to reduce general tariff on China to 47% in exchange for purchase of US soybeans and suspension of restrictions on rare earths

Bankinter | Trade agreement reached. The United States will reduce its general tariff on China from 57% to 47% based on cutting the tariff on fentanyl precursor products from 20% to 10% in exchange for China’s efforts to curb illegal trade in this substance. China will resume soybean purchases and rare earth exports to the United States. The agreement is valid for one year, although, according to Trump, it could…

inflacion eurozona

In Spain, Spanish economy 30th October 2025

Spanish inflation rises to 3.1% in October, highest level since June 2024

CdM | Inflation reached its highest level since June 2024 in October. The rise in electricity, air and rail transport prices has pushed the Consumer Price Index (CPI) up by one tenth of a percentage point, bringing its year-on-year rate to 3.1%, according to data released by the National Statistics Institute (INE). In detail, the evolution of inflation in the tenth month of the year is mainly due to electricity…

Indra novedad

Companies 30th October 2025

Indra’s results fall short of operating forecasts (net profit €77 million) but maintain 2025 guidance

Renta 4 | Indra (IDR): Q3 2025 results fall short of operating forecasts. 2025 guidance maintained. Strong increase expected in the defence portfolio for 2026. Investor Day in Q2 26. Results fell short of estimates at the operating level and our estimates for net profit (above consensus). Ordinary income €1,162 million (-3% versus Renta 4 estimate, -4% versus consensus and +6% versus Q3 24), EBIT, main figure, €109 million (-11%…

Santander Resultados 9m25

Companies 30th October 2025

Banco Santander CEO believes net interest margin could enter more stable phase

Link Securities | On Wednesday, the newspaper Expansión reported on statements made by Héctor Grisi, CEO of Banco Santander (SAN), during the presentation of the bank’s results for the first nine months (9M2025) to analysts. In his remarks, the bank’s chief executive officer believes that interest margins could enter a more stable phase and anticipates that next year will be ‘tough’ in terms of costs due to the demands of…

repsol brasil

Companies, Relevant News Item, Spanish economy 30th October 2025

Repsol reports net income of €1.177 billion up to September

Repsol obtained a net income of €1.177 billion in the first nine months of 2025, a 34.3% decrease compared to the same period in 2024, mainly impacted by the effect of lower crude oil prices on inventory valuation. Adjusted net income, which specifically measures business performance, stood at €2.173 billion, 19% lower than in 2024. The net income for the third quarter more than doubled that of the previous year,…

ferrovial

Companies, Spanish economy 29th October 2025

Ferrovial’s revenues rise by 4% as of September, exceeding €6,911 million

The Group’s revenues rose by 4% during the 9M ’25 period to exceed €6,911 million. Construction, which contributes over 80% of this variable, moderated its growth to 3%, implying a 5% in the standalone Q3, despite a more demanding base effect in 2024 following the recovery of Budimex in Q2 at that time, as well as the weakening of the dollar last quarter (down 6%) EBITDA increased by 2% to…

tecnicasreunidasentrada

Companies 29th October 2025

Técnicas Reunidas selected by RWE to develop 850-MW hydrogen-compatible combined cycle gas plant

Link Securities | Técnicas Reunidas (TRE) has been selected, together with General ElectricVernova, by German energy company RWE to develop a hydrogen-compatible combined cycle gas (CGT) plant with a capacity of around 850 megawatts (MW) in Voerde, in the federal state of North Rhine-Westphalia, according to information provided by the company to the Spanish National Securities Market Commission (CNMV). The plant will be able to use 50% natural gas and…