European Press Roundup: The U.K.'s Lack of Lessons From Carillion, and a No-Confidence Vote in Greece
January 15 2019 - 7:40AM
Dow Jones News
In Europe today, markets are up despite weak German growth
figures, and U.K. Prime Minister Theresa May likely faces a heavy
defeat in parliament over her Brexit deal. Read about the above
topics on Dow Jones Newswires or WSJ.com.
In Other Media...
The lifetime value of contracts outsourced by the U.K.
government rose 53% over the past year to GBP95 billion, according
to data provided by the GMB union. This increase means the
government hasn't learned its lesson following the collapse of
outsourcing and construction company Carillion PLC last year, the
union says. -The Guardian
Greek Prime Minister Alexis Tsipras and his ruling left-wing
Syriza party will face a vote of no confidence at midnight
Wednesday after the Greek parliament launched proceedings to
determine whether Tsipras and Syriza can stay in power.
-Kathimerini
OMV board member Manfred Leitner says he is optimistic the North
Stream 2 pipeline will begin operating this year despite the threat
of U.S. sanctions, as Europe's growing gas import needs and CO2
emissions targets make increasing gas production via the pipeline
unavoidable. -Der Standard
British outsourcer Capita PLC expects to lose "a considerable
sum of money" on a contract with the U.K.'s Ministry of Defense to
recruit soldiers due to financial penalties imposed for missing
targets and investments in technology, Chief Executive Jonathan
Lewis told lawmakers Monday. -The Times of London
The president of the German Savings Banks' Association Helmut
Schleweis is working on a plan to prevent the winding up of the
beleaguered NordLB regional bank should talks with financial
investors on NordLB's future collapse. Schleweis wants leading
public institutions to strengthen NordLB's capital stocks, becoming
shareholders in the bank as a result. -Handelsblatt
Spain's proposed 2019 budget raises taxes on large companies and
high-earning individuals, helping the country boost its tax revenue
by EUR20 billion, a 9.5% increase from last year. -Cinco Dias
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
January 15, 2019 07:25 ET (12:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Carillion (LSE:CLLN)
Historical Stock Chart
From Oct 2024 to Nov 2024
Carillion (LSE:CLLN)
Historical Stock Chart
From Nov 2023 to Nov 2024
