In Europe today, a survey of consumer sentiment in Germany by market research group GfK shows a positive trend. Meanwhile, eurozone bank lending to business increased last month, a sign of continuing momentum in the region's economy. Read about the above topics on Dow Jones Newswires or


In Other Media...


Spain's BBVA is in talks to sell its majority stake in Madrid Nuevo Norte, the biggest urban development project currently underway in Europe. The sale would be to Merlin Properties, a listed real-estate company in Spain, according to sources familiar with the market. BBVA and Merlin have been negotiating a strategic alliance for the project, which includes building over 10,000 housing units and a new financial hub for the Spanish capital. -Cinco Dias


Telecom Italia Chairman Fulvio Conti may announce his resignation on Thursday in a move aimed at helping improve relations among the company's shareholders. Economist and former UBS manager Innocenzo Cipolletta is among the leading candidates to replace him. -La Repubblica


Renta 4 Banco has bought BNP Paribas Personal Investors, a Spanish subsidiary of BNP Paribas, for a as-of-yet undetermined price. The sale of the investment-banking business includes the transfer of a portfolio of 18,000 clients with assets of EUR1.25 billion. -Cinco Dias


Research shows that minimum pricing laws are effective in reducing alcohol consumption. A study carried out at Newcastle University shows that alcohol sales dropped 7.5% in Scotland after new rules were introduced. -The Times


Spain's CC.OO trade union has attacked baked goods manufacturer Bimbo for its downsizing plans. Bimbo confirmed that it would reduce its headcount by 290 employees, blaming economic conditions. -La Vanguardia


British Prime Minister Boris Johnson faced criticism after warning members of parliament that securing Brexit was necessary to ensure their safety. The leader of the government was also attacked by former members of his party who described his language as worrying, as well as by parliamentarians in the opposition Labour party. -The Times


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(END) Dow Jones Newswires

September 26, 2019 07:52 ET (11:52 GMT)

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