European Press Roundup: Eiffage Concessions Wins EUR1.5 Billion Motorway Contract
In Europe today, German economic expectations fell in February
in a more severe decline than analysts predicted, while HSBC said
it would cut tens of thousands of jobs and $100 billion in assets.
Read about the above topics on Dow Jones Newswires or WSJ.com.
In Other Media...
Eiffage Concessions has won a contract valued at EUR1.5 billion
to widen a 76-kilometer section of the A3 Nordbayern motorway in
Germany. Under the 30-year contract, awarded to the French group as
part of a consortium with Johann Bunte, the companies will expand
the section from four to six lanes. -Les Echos
French Finance Minister Bruno Le Maire said the state would be
very vigilant when it comes to the preservation of jobs and
industrial sites for French car maker Renault, after acting Chief
Executive Clotilde Delbos recently said she wouldn't rule out the
closure of some plants to achieve structural cost savings by at
least EUR2 billion in three years. -Le Figaro
The portion of mortgages going to young Italians has halved in
the past 15 years, data from a price comparison website shows.
MutuiOnline.it said that the percentage of home loans given to
those 35 years old and younger stands at 22.6%, compared with 44.8%
in 2006. -La Repubblica
London-based digital bank Monzo plans to increase its headcount
by a third by hiring up to 500 people as it relaunches paid-for
accounts. Monzo currently employs 1,500 people. -The Times of
Germany's football league, the Bundesliga, has achieved record
full-year revenue for the 15th time in a row. The 18 clubs of the
first division together exceeded overall revenue of EUR4 billion
for the first time in the 2018-19 season, an increase of 5.4%
compared with the previous year. -Frankfurter Allgemeine
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(END) Dow Jones Newswires
February 18, 2020 08:22 ET (13:22 GMT)
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