European Press Roundup: Italy's New Government Wins Confidence Vote in Senate
September 11 2019 - 6:59AM
Dow Jones News
In Europe today, Zara-owner Inditex expects like-for-like sales
to rise by a mid-single digit in its full-year 2019 and Hermes said
its first-half net profit rose to 754 million euros ($832.6
million) from EUR706 million in the same period a year ago. Read
about the above topics on Dow Jones Newswires or WSJ.com.
In Other Media...
Italy's new government led by Prime Minister Giuseppe Conte won
a confidence vote in the Senate on Tuesday, the final step needed
for the government to exercise its full powers. Senators voted
169-133 in favor of the coalition between the anti-establishment
Five Star Movement and the centre-left Democratic Party. -La
Repubblica
Italy's rail group Ferrovie dello Stato has asked the government
to put off the deadline to present a rescue plan for Alitalia to
the end of October. The current deadline is mid-September. -Il Sole
24 Ore
A Deliveroo television advertisement has been banned in the U.K.
after having been judged "likely to mislead" by the Advertising
Standards Authority. The regulator ruled that it wrongly implied
that delivery was available everywhere in the country. -BBC
ZF Friedrichshafen Chief Executive Wolf-Henning Scheider fears a
continued weak automotive economy over the next few years. "In this
respect, we at ZF assume that the next two years--i.e. a total of
three years--will not bring any improvement," he said at the
Frankfurt Motor Show, adding that this means stagnation at the
current level. -Handelsblatt
French telecommunication company Orange wants the French state
to keep its shares in the company, Orange's CEO Stephane Richard
said in a radio interview. The French state holds a 23% stake in
Orange. -Les Echos
Annuity rates are at the lowest level in the last 25 years said
financial information group Moneyfacts. Securing retirement income
is more expensive now due to a plunge in government bond yields.
-The Times
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
September 11, 2019 07:44 ET (11:44 GMT)
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