European Press Roundup: U.K. Dividends Hit Record High in 2018
21 Enero 2019 - 7:09AM
Noticias Dow Jones
In Europe today, Philip Hampton intends to step down as
GlaxoSmithKline chairman while Henkel shares fall on
weaker-than-expected guidance. Read about the above topics on Dow
Jones Newswires or WSJ.com.
In Other Media...
U.K.-listed firms paid record dividends of GBP99.8 billion in
2018, up 5.1% from the previous year, according to a report by Link
Asset Services. Payouts were boosted by the weaker pound, and the
mining sector was the biggest contributor. -The Guardian
German industrial conglomerate Thyssenkrupp wants to invest
EUR10 billion by 2050 to lower carbon emissions by shifting towards
hydrogen-based steel production. Thyssen aims to contribute to
climate protection and comply with E.U. plans for carbon-free
manufacturing by modernizing its facilities and phasing out coking
coal in its steel plants. -Handelsblatt
The ECB has included Intesa Sanpaolo and UniCredit, Italy's
largest banks, in a group of stronger European banks, which it
wants to cover at least 60% of all secured bad loans by 2020 and
reach 100% by 2024. As for unsecured bad loans, the banks are
expected to cover at least 70% by 2020 and 100% by 2023. UBI Banca,
Banco BPM and BPER Banca were included in a second-tier group of
banks, which should have more time to cover bad loans. -Il Sole 24
Ore
The leader of the British opposition, Jeremy Corbyn, is unlikely
to back a second referendum on the country's withdrawal from the
E.U. until Prime Minister Theresa May's Brexit plan B is voted on,
as Labour Party strategists believe there is a majority, both in
the shadow cabinet and in parliament, against shifting towards
fully backing a referendum. -The Guardian
The U.K. retail sector is set to lose 175,000 jobs and 23,000
shops in 2019 according to research by real-estate advisors Altus
Group. This compares with 150,000 job losses and 20,000 store
closures in 2018. -Retail Gazette
A draft law aimed at taxing the so-called FAANG in France will
be submitted to the council of ministers by the end of February,
Labor Minister Bruno Le Maire said in an interview Sunday. Paris
keeps moving ahead alone as the E.U. failed to find an agreement to
levy big tech firms. -JDD
Taxi drivers in Madrid join their Barcelona colleagues in a
strike to protest over the regulation of ride-hailing services.
Barcelona taxi drivers have also been blocking one the most
important city avenues since Friday. -El Pais
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
January 21, 2019 07:54 ET (12:54 GMT)
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