European Press Roundup: Dutch Real-Estate Seeks Buyer, Climate Change Is Bad Business for Greece
October 02 2018 - 6:29AM
Dow Jones News
In Europe today, concerns around the Italian budget weighed on
stocks again, while Akzo Nobel announced it would return EUR5.5
billion to shareholders following the sale of its specialty
chemicals business. Read about the above topics on Dow Jones
Newswires or WSJ.com.
In Other Media...
U.K. investor Round Hill Capital is selling a portfolio of
around 10,000 Dutch rental properties, according to sources in the
real-estate market. The "mega-deal" should yield around EUR1.4
billion, and the properties account for a yearly EUR75 million
rental income. Round Hill has been steadily expanding its portfolio
in the Netherlands in the past few years. -De Telegraaf
The governor of the Bank of Greece, Yannis Stournaras, says
climate change could hit Greece's GDP to the tune of 2% per year
through 2050. He also warns climate change could cost the Greek
economy up to EUR700 billion through 2100. -Kathimerini
Spanish pharmaceutical group Almirall receives FDA approval for
its antibiotic Seysara, with which it plans to generate sales of
between $150 million and $200 million. Almirall will start
marketing Seysara in the U.S. in January 2019. -Cinco Dias
French car maker Renault has launched a new electric car to
conquer the Chinese market. The new model, called K-ZE, will be
commercialized next year in China at a competitive price, according
to Renault CEO Carlos Ghosn. -La Tribune
Trade unions and experts estimate that 3,000 employees will have
to be let go by Santander following the Spanish bank's takeover of
the Banco Popular bank. 1,100 employees were already let go last
December. -Cinco Dias
Mark Bristow, the CEO of Randgold Resources, has been
photographed with trophy kills from big-game hunts in Africa,
despite sitting on the board of a big-cat conservation charity. The
U.K. mining company defended its chief, who is the longest-serving
CEO in the FTSE100, but Will Travers, the president of Born Free
wildlife charity, said that large donations to conservation
charities don't mitigate these actions. -The Telegraph
Spain's Bankinter has ruled out moving into the Irish mortgage
market, at least in the short term. The bank, Spain's sixth-largest
lender, acquired Irish credit-card and personal-loans provider
Avantcard last week for an undisclosed sum. -The Irish Times
House prices in London have fallen for the fifth quarter in a
row as potential buyers are put off by high prices, changes to
taxes and uncertainty over Brexit. In the third quarter of 2018,
the average price of a home fell 0.7% to GBP468,544. -The
Guardian
French Interior Minister Gerard Collomb presented his
resignation to Emmanuel Macron on Monday, but the French President
rejected it. Mr. Collomb's move to quit the government follows his
decision to run for the mayoralty of Lyon in 2020. -Les Echos
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(END) Dow Jones Newswires
October 02, 2018 06:14 ET (10:14 GMT)
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