United Kingdom

Elvira Pollina

TIM shares drop after core profit guidance omitted

19 May 2020

MILAN Shares in Telecom Italia (TIM) fell sharply on Tuesday as Italy's biggest phone group gave no guidance on its 2020 core profit target after reporting a drop in first-quarter earnings.

CVC in exclusive talks with Serie A over media rights investment, sources say

14 May 2020

MILAN CVC Capital Partners has entered into exclusive talks with Serie A to invest up to 2.2 billion euros (1.95 billion pounds) into Italy's top-flight soccer league's broadcasting rights business, sources familiar with the matter said on Thursday.

Mediaset CFO says ProSieben key partner but not the only one

13 May 2020

MILAN Italian broadcaster Mediaset has built a stake in German rival ProSiebenSat.1 Media as it sees industry consolidation as inevitable but it will retain a flexible stance and may consider other partners, the group's CFO said on Wednesday.

Mediaset - ProSieben wichtiger Partner - aber nicht der einzige

13 May 2020

Mailand Der italienische ProSiebenSat.1-Großaktionär Mediaset geht fest von Zusammenschlüssen in der TV-Branche aus, sieht aber nicht nur den deutschen Fernsehkonzern hier als potenziellen Partner.

Italy considers share voting changes to keep companies at home

12 May 2020

ROME Italy is considering incentives to discourage listed companies from moving abroad and help long-standing Italian shareholders ward off hostile bids, a draft decree seen by Reuters shows.

Book a table for fast food? Burger King trials post-lockdown app in Italy

05 May 2020

MILAN Burger King is trialling an app for ordering food and booking a table at its outlets in Italy, as it seeks to persuade locals it is safe to eat out again after more than two months of coronavirus lockdown.

TIM and Vodafone sell stake in Italian mobile towers unit to cut debt

23 Apr 2020

MILAN Telecom Italia (TIM) and Vodafone have completed the sale of an 8.6% combined stake in Italy's biggest mobile towers company INWIT as part of efforts to cut debt, the companies said.

Telecom Italia and Open Fiber crank up war of words over single network

21 Apr 2020

MILAN A war of words between Telecom Italia (TIM) and Open Fiber over the creation of a single broadband network in Italy escalated on Tuesday as Telecom Italia called its smaller rival's business model a "failure".

Ferrari rolls out coronavirus testing to get staff ready for work

21 Apr 2020

MILAN Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume production.

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