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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.
inditex junta 2025

Companies, Relevant News Item 10th September 2025

Inditex sets new records again in first half of fiscal year, profit of €2.791 billion, but falls short of expectations

CdM | The textile company posted a net profit of €2.791 billion during the first half of its 2025-2026 fiscal year (between 1 February and 31 July), representing an increase of 0.8% over the previous year, according to Europa Press this morning. Inditex has thus once again achieved new records with its results, albeit with more moderate growth, below analysts’ forecasts. However, the company has highlighted the ‘strong’ start to…

congreso diputados1

In Spain 10th September 2025

Government to suffer new parliamentary defeat today, at start of political season

Unless something changes—and there’s no sign that it will—the coalition government will face another parliamentary defeat today, at the start of the political season, which will clearly highlight its enormous parliamentary weakness. The bill to reduce the 38-hour workweek by half an hour, drafted by Yolanda Díaz, the leader of the communist wing of the government and head of the Ministry of Labor, will be rejected with the 177 votes…

ElectricityTC

In Spain 9th September 2025

Over 1000 companies compete for Endesa, Iberdrola, Naturgy and EDP’s low-voltage network

Banc Sabadell | This Tuesday, the major electricity companies —Endesa, Iberdrola, Naturgy and EDP— must publish their low-voltage network distribution map, revealing the availability for new consumer connections, which should be completely saturated. This situation would affect more than a thousand companies with pending projects, especially data centres and large industries, which could be forced to relocate if they cannot obtain a connection. Assessment: With the distribution map ‘full’, or…

Atresmedia

Companies 9th September 2025

Atresmedia acquires 100% of Clear Channel Spain, specialising in outdoor advertising, for €115 million

Intermoney | Atresmedia (Buy, PO €6.3) announced yesterday to the National Securities Market Commission (CNMV), with the market open, that it has signed an agreement with Clear Channel Outdoor Holdings, Inc. to acquire its business in Spain by purchasing 100% of the share capital of Clear Channel Spain, a company dedicated to outdoor advertising. The purchase price envisaged in the transaction amounts to €115 million. The acquisition of Clear Channel…

Francia Bayrou

European politics, In Europe 9th September 2025

Fall of Bayrou’s government adds instability to French political scene

Bankinter | Political crisis as Bayrou’s government falls. He loses the vote of confidence in the National Assembly by 194 votes in favour and 364 against. This outcome forces President Macron to dismiss Bayrou and seek a new prime minister, the fourth in less than a year, or call elections. His comment that he will appoint a new prime minister within a few days reduces the likelihood of new elections….

Ferrovial

Companies, Ibex 9th September 2025

Casa Grande de Cartagena, Del Pino family’s family office, puts 3.4 million Ferrovial shares up for sale

Alphavalur/DIVACONS | Casa Grande de Cartagena, the Del Pino family’s family office, has put up for sale some 3.4 million Ferrovial (FER) shares for a total amount of €158.5 million, which constitutes about 0.4% of the construction company’s capitalisation, at a market price of €46.61 million. Expansión newspaper reports that María del Pino is one of the largest shareholders with almost 50% of the family office, and declares an 8.2%…

Indra novedad

Companies 9th September 2025

Indra completes share buyback programme and could update strategic plan as due to meet targets two years ahead of schedule

Link Securities | Indra (IDR) informed the National Securities Market Commission (CNMV) that, having reached the maximum number of shares finally set under the Buyback Programme after the last of the transactions (235,000 shares, representing 0.13% of IDR’s share capital), it is proceeding to terminate the Programme prior to the expiry date (set for 11 September 2025). Indra also announced the reactivation, on 9 September 2025, of the liquidity contract…

Montero

In Spain 9th September 2025

Treasury body denounces hidden increase in tax burden for not deflating personal income tax (IRPF) brackets

The Taxpayer Defense Council explains that it “doesn’t seem reasonable” that rising prices should lead to an increase in taxpayers’ tax bills. The Council is denouncing what many experts have already pointed out: that not deflating the tax brackets when there have been years with inflation above 8% (8.4% in 2022, 3.5% in 2023, and 3.2% in 2024) constitutes a significant, hidden increase in the tax burden. This is because…

Aena nuevita

Companies 8th September 2025

Beyond noise surrounding Aena-Ryanair dispute: capacity cuts are also proof of imbalance between supply and demand

Deutsche Bank | Last week, news reports indicated that Ryanair would reduce its winter capacity at regional airports in Spain by 40% and in the Canary Islands by 10%. In this context, our analysis of Diio Mi seat capacity for nine key airports (approximately 80% of Aena’s Spanish traffic in 2024) shows that the cuts will be more widespread; for example, IAG Group domestic seats (including Iberia and Vueling) are…

Talgo

Companies 8th September 2025

Talgo receives approval for 230 model trains to begin operating in Germany before end of year

Renta 4 | The Spanish train manufacturer has announced that it has just received technical approval from the European Railway Agency (ERA) and the German Federal Railway Agency (EBA) for its 230 model long-distance trains to begin operating in Germany before the end of the year, albeit more than a year behind schedule. The approval is the final step in a process that began in 2019 with the signing of…