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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.
Ferrovial construcción

Companies 27th October 2025

Ferrovial acquires Spanish telecommunications and systems company Powernet to consolidate data centre construction business

Link Securities | Ferrovial has acquired the Spanish telecommunications and systems engineering company Powernet, which will enable it to strengthen its data centre design, development, operation and maintenance capabilities within the Construction area, according to the digital portal Bolsamania.com. Powernet is active in the design, installation, maintenance and operation of data centres. In addition, it offers information systems and telecommunications solutions, providing communications, systems and network management services. Ferrovial has…

SonaeTakaichi 1

In the World 27th October 2025

Sanae Takaichi Drives Nikkei 225 to Historic Highs

DWS | The Japanese stock market index, the Nikkei 225, has surged by around 25% since the beginning of the year and, at almost 50,000 points, is approaching its all-time high. The driving factors are not just euphoria over Artificial Intelligence (AI) and the weak yen, but also a new political realignment in Tokyo. Following the election this week of Sanae Takaichi as Prime Minister and the formation of a…

Almaraz

In Spain 27th October 2025

Closure or Extension of Almaraz Nuclear Plant Now Depends on Red Eléctrica

The electric utility companies that own the Almaraz nuclear power plant—Iberdrola, Endesa, and Naturgy—have sent a letter to the Ministry for Ecological Transition asking to extend the operational life of the Extremadura facility beyond 2027, until 2030. Sources from Ecological Transition affirm that they have received the missive, though they clarify that the three companies merely convey their “willingness” to extend Almaraz’s closure schedule, but they do not notify or…

Spanish Housing Market

In Spain 24th October 2025

Home sales in Spain fall 3.4% year-on-year in August

Link Securities | The Property Rights Transfer Statistics (ETDP) report, released by the National Statistics Institute (INE), shows that in August, home sales fell by 3.4% year-on-year to 47,697 units. In August, 93.4% of homes transferred by sale were private and 6.6% were subsidised. Year-on-year, the number of private homes transferred by sale fell by 2.6% and subsidised homes by 12.6%. In addition, 21.2% of homes transferred by sale in…

Airbus nuevo

Companies 24th October 2025

Airbus to join forces with Thales and Leonardo to create new European satellite giant

Link Securities | Airbus, Leonardo (LDO-IT) and Thales (HO-FR) have signed a memorandum of understanding (MoU) to create a space giant that aims to unite and improve their capabilities by combining their activities: manufacturing satellite and space systems, and space services, reports the newspaper Expansión. This agreement excludes space shuttles. In the case of Airbus, rocket activities are housed in a joint subsidiary with the French company Safran (SAF-FR), called…

Indra Tecnocom

Companies 24th October 2025

Indra notifies CNMC of takeover of satellite operator Hispasat and its military branch, Hisdesat

Banc Sabadell | Indra (IDR) has notified the National Markets and Competition Commission (CNMC) of its takeover of satellite operator Hispasat and its military branch, Hisdesat, according to press reports. The notification (which took place on 17 October) marks the start of the first phase of the review of the transaction, during which the CNMC has one month to issue its ruling. Approval is expected to be granted in phase…

naturgy eolica

Companies, Relevant News Item 24th October 2025

Better pricing environment, increased installed capacity and high combined cycle production will maintain Naturgy’s trend

Renta 4 | Naturgy (NTGY) will publish its 9M25 results on Wednesday, 29 October 2025, before the market opens, with a conference call at 11:30 a.m. Target price €26.10 and underweight recommendation. G A good performance is expected for 9M figures, which should continue the trend seen in the first half of the year (9M24 figures pending publication). The improved pricing environment favours the energy management business, with a possible…

Aena nuevita

Companies 24th October 2025

Fitch affirms Aena’s long- and short-term ratings with stable outlook

Link Securities | Aena (AENA) informed the National Securities Market Commission (CNMV) that Fitch Ratings affirmed AENA S.M.E., S.A.“s long-term issuer default rating and EMTN programme rating at ‘A” and its short-term rating at “F1”. The outlook is “stable”. Fitch explained in its report that the affirmation is based on the solid traffic trend recorded by Aena during 2024 and in the first half of 2025 in its airport network…

exports spanish2

Spanish economy 24th October 2025

Spanish Exports Fall 9.3% Year-on-Year In August

In August, Spanish exports fell by 9.3% year-on-year to €24.4 billion, the lowest figure in four years. Sales abroad were primarily dragged down by the reduction in shipments of energy products (-29.3%); automotive products (-21.8%); non-chemical semi-manufactures (-14.7%); and raw materials (-15.3%). Among key partners, exports decreased to the European Union (EU; -11.3%), the US (-30.5%), and China (-19.9%), but increased to the United Kingdom (+4.5%). Meanwhile, imports fell by…

Reino Unido economia

In the World 23rd October 2025

UK CPI stagnates at 3.8% year-on-year in August, giving Bank of England some breathing space

Intermoney | The British CPI stagnated from August to September, while the year-on-year reading remained unchanged at 3.8% annually (compared to the 4.0% increase forecast by analysts) thanks to the decline in food and services. Similarly, the core CPI was lower than expected, falling by one tenth of a percentage point to 3.5% annually. Breaking down the report, food prices gave us the biggest surprise on the downside. It was…