European Press Roundup: Telefonica, Atresmedia to Take on Netflix; BMW Plans Job Cuts
September 20 2019 - 8:42AM
Dow Jones News
In Europe today, travel company Thomas Cook seeks a standby loan
of 200 million pounds, while RBS names Alison Rose as chief
executive officer. Read about the above topics on Dow Jones
Newswires or WSJ.com.
In Other Media...
Telecommunications company Telefonica and media group Grupo
Atresmedia are in advanced talks to form an audiovisual alliance to
compete with Netflix and HBO. The parties would share investment in
the production of TV series and movies to feed their paid
platforms. -El Confidencial
BMW allegedly plans to cut up to 6,000 jobs by 2022, many of
them at the company's headquarters in Munich. -Manager Magazin
Some of the major investors in UBI Banca have signed a
shareholder pact covering 16.7% of the bank's capital. The pact,
which will improve cooperation among the members, may grow,
including other investors. -Il Sole 24 Ore
Giovanni Castellucci, who stepped down from his post as chief of
Atlantia this week in the wake of the Genoa bridge disaster
fallout, could leave with a package worth over EUR30 million plus
around EUR7 million worth of shares in the company, which operated
the bridge through its subsidiary Autostrade per l'Italia. -FT
Greece could achieve growth rates in excess of 3% after 2020
under certain preconditions, Bank of Greece Governor Yannis
Stournaras says. He forecasts this year's growth rate will stand at
1.9%, and that it will surpass 2% in 2020. -Kathimerini
Credit-card spending has overtaken cash for the first time in
the U.K., while debit cards are the most popular method of payment,
data from the British Retail Consortium show. Overall, cards--both
credit and debit--account for nearly 80% of retail sales, the BRC
says. -Guardian
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(END) Dow Jones Newswires
September 20, 2019 08:27 ET (12:27 GMT)
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