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...Additional reporting by Adrienne Klasa in Paris and Arash Massoudi in London...
...chief executive Jean-Marc Duplaix said earlier this year....
...“The company’s credit metrics were extremely weak in 2023,” S&P said, estimating that Atos had adjusted leverage of 10 times and cash burn of more than €1bn....
...in Budapest The article was updated on January 26 to correct the reference to Marion Maréchal Letters in response to this article: No burning tyres in Britain is good news for Brexiters / From Jan Marc...
...Shares in Atos, which said S&P’s move would have a “negligible” impact on its interest expenses at roughly €6mn a year, fell more than 6 per cent on Tuesday morning....
...Those included the purchases of British make-up business Charlotte Tilbury, French brand Jean Paul Gaultier and Belgian fashion house Dries Van Noten.Additional reporting by Adrienne Klasa in Paris...
...S&P has also downgraded Atos, saying that delays and uncertainty in the Křetínský deal and debt negotiations increased liquidity risks for the company....
...Jean-Marc Duplaix, deputy chief executive, on Tuesday said: “We are confident we have the right organisation in place to regain momentum and market positions.”...
...The S&P 500, the Stoxx Europe 600 and the FTSE All-World index all ended at record highs, and so did Japan’s Nikkei index. Now, this one is a big deal because the record it broke was set 34 years ago....
...Yes, but very much as a supporting player, not a key player. Marc FilippinoCan I ask, does it matter if Arm is an AI success story?...
...Somebody picks a basket of stocks like the S&P 500, for example, and then they build a fund to track those stocks. And they don’t make any choices beyond that....
...[MUSIC PLAYING] Marc Filippino The American economy is booming. Inflation is down, jobs are up, and the S&P 500 is continuing its joyride....
...Marc Filippino Markets weren’t super happy with the news. Treasuries rallied and the S&P 500 fell 1.6 per cent....
...Marc Goergen, professor at Madrid’s IE Business School, found that shareholders reacted badly to S&P 500 announcements from large, complex companies about combining the top roles....
...We got the S&P 500 up sort of well over 20 per cent for the year. You know, this is a really serious rally....
...Investors were very, very excited by all this news and the S&P 500 jumped by 1.4 per cent. We’ll get even more monetary policy news soon....
...Marc Filippino So, Katie, why were investors so confident in November? Katie Martin Yeah, it’s been a, it’s been a funny old month. (Laughter) Marc FilippinoIt sure has. Katie Martin Yeah....
...We saw a pretty big dip in US Treasury yields yesterday, especially the yield on 10-year bonds, which hit a three-month low. And equities, well, the S&P 500 ended the day up nearly 2 per cent....
...Chief financial officer Jean-Marc Duplaix will be the other deputy CEO, overseeing operations and finance....
...The challenges that Křetínský and his partners — Marc Ladreit de Lacharrière’s Fimalac and hedge fund Attestor — will face in turning around the group are substantial, partly because of Casino’s strained...
...The proposal led by Czech billionaire Daniel Křetínský and joined by French entrepreneur Marc Ladreit de Lacharrière included €1.35bn in cash, which together with debt converted into equity would deliver...
...To find out more, I’m joined by our Paris correspondent, Adrienne Klasa. Hey, Adrienne. Adrienne KlasaHi, Marc. Marc FilippinoSo what’s going on in China when it comes to luxury goods?...
...Read a transcript of this episode on FT.com...
...This week Casino is expected to enter a voluntary negotiation with its creditors — called a procedure de conciliation — that will be overseen by a court-appointed official, Marc Sénéchal, a well-known lawyer...
...Adrienne Klasa in Paris Defence Trend to watch Low-cost drones have become a central feature on the battlefield in Ukraine, underlining the increasing role of new autonomous technologies in modern warfare...
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