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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.
lefties

Companies 30th September 2025

Inditex considering leveraging supply chain and logistics to open Lefties stores in London and compete directly with Primark

Alphavalue/ Divacons | The Spanish fashion company plans to bring Lefties to London to compete directly with Primark. Although Zara continues to pursue a more premium positioning, the group is diversifying with low-cost brands, and Lefties fits into this segment, which has benefited from tight consumption. After growing in Spain, Portugal and Mexico, it is now expanding into France and the United Kingdom. Its great advantage over Shein, Temu and…

DIA

In Spain 30th September 2025

Spain: Harmonized Inflation Rises to 3% in September

On an annual rate, Spain’s CPI (Consumer Price Index) rose by 2.9% in September (up from 2.7% in August), a reading slightly below the consensus expectation of a 3.0% increase. This places inflation at its highest level in seven months. This development is mainly a result of fuel and electricity prices falling less this month than they did in September 2024. Meanwhile, core inflation, which excludes the prices of unprocessed…

Repsol Strategic Plan

Relevant News Item 30th September 2025

Repsol to Build its First Large Renewable Hydrogen Plant in Cartagena

Repsol has given the green light to its first large-scale electrolyser, with a capacity of 100 MW, at its industrial complex in Cartagena. The facility, involving an investment of €300 million, will be capable of generating up to 15,000 tonnes of renewable hydrogen annually, and will prevent the emission of up to 167,000 tonnes of CO2 each year. The company will use the renewable hydrogen as a feedstock to manufacture…

Grenergy

Companies 29th September 2025

Grenergy’s capex in battery storage projects to stabilise due to lower battery costs – down almost 50% in last two years

Singular Bank | Last week, Grenergy presented its Q2 2025 results with an EBITDA of €24 million, up 218% on the previous year, in line with consensus. Net profit was €3 million, compared to losses of €6 million a year earlier, although this was 12% below consensus. Net debt reached €815 million, up 12% quarter-on-quarter, following investments of €165 million, which increased by 124% year-on-year. The company maintains a solar…

Talgo building

Companies 29th September 2025

Talgo presents results for first half of year tomorrow

Banco Sabadell| Railway manufacturer Talgo will present its first-half results on Tuesday, 30 September, which were initially due to be published on 1 August, once they had undergone a ‘limited’ review by external auditors as part of the capital increase it is planning to strengthen its balance sheet.

grifols edificio

Companies 29th September 2025

Neither Grifols, Rovi nor Almirall to be significantly affected by tariffs on pharmaceutical sector

Banc Sabadell | Trump said on social media that, starting on 1 October, all branded or patented pharmaceutical products will be subject to a 100% tariff, unless the company has begun to build a manufacturing facility in the United States. Assessment: Negative news due to the noise it may generate. However, details remain to be finalised, as we do not know whether companies that already had a presence in the…

Indra novedad

Companies 29th September 2025

Indra possibly considering purchase of Tecnobit from Oesía

Bankinter | The terms of the transaction have not been made public and are currently only rumours in the press. Tecnobit is a subsidiary of Oesía and is dedicated to the development and manufacture of intelligent vision, simulation and tactical communications technology. The main figures available for Tecnobit in 2024 are: Revenue €105 million, order book €194 million, EBITDA €15 million. Bankinter analysis team’s view: Limited impact on the session,…

aena barajas3CM

Companies 29th September 2025

Aena rules out sharing airport management with autonomous communities

Link Securities | In relation to the considerations publicly expressed by one of the company’s major shareholders (TCI Fund), as well as the myriad of news items published in the media in recent weeks, regarding the possible participation of the autonomous communities in the management of airports of general interest owned by Aena (AENA), the latter recalls and emphasises that it has closely, constantly and thoroughly monitored the possible decisions…

fitch

Spanish economy 29th September 2025

Moody’s and Fitch Join S&P in Also Upgrading Spain’s Rating

The credit rating agencies Moody’s and Fitch have also improved Spain’s sovereign rating, following S&P’s move two weeks ago to raise it to ‘A+’ with a stable outlook—after six years without changes. Specifically, Moody’s raised Spain’s rating this Friday from ‘Baa1’ to ‘A3’ with a stable outlook, thanks to the country’s “economic strength” improving due to more “balanced” growth, the recovery in the labour market, and the strengthening of the…