17 minutes ago
Atos, which is in financial trouble, announces refinancing plan
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Atos stock price.
Troubled French IT consulting firm Atos on Tuesday announced a series of requirements for its debt restructuring, including 600 million euros ($651 million) in cash to fund its operations over the next two years.
The company said the funding will be raised through debt and equity from existing stakeholders or third-party investors.
The company aims to achieve a BB credit profile by 2026 and the remaining debt maturities have been extended by five years.
The company will carry out cybersecurity operations at the Paris Olympics and has a contract with French intelligence agencies. French authorities have already said they will protect the company’s strategic assets following a series of failures.
Atos shares rose 19% on Monday after its largest shareholder One Point announced that Paris-based investment firm Butler Industries would join the rescue consortium.
— Jenny Reid
7 hours ago
CNBC Pro: Data centers are poised for AI-powered growth, says UBS – names 3 stocks driving the trend
According to UBS, the data center sector is expected to experience rapid growth over the next few years.
The investment bank predicts the data center sector will grow 15% to 20% from 2024 to 2025, with “healthy” double-digit growth in the following years.
We have listed three related stocks that are responsible for the trend.
CNBC Pro subscribers can read more here.
— Tan Weizhen
7 hours ago
CNBC Pro: This AI stock could fall 50%, Morningstar says there’s an ‘artificial intelligence exaggeration story’
2 hours ago
European Market: Click here for opening call
European markets are set to open at Tuesday’s lows.
According to IG data, the UK’s FTSE 100 index is expected to open 6 points lower at 7,936, Germany’s DAX 49 points lower at 18,263, France’s CAC 17 points lower at 8,103 and Italy’s FTSE MIB. It is expected to open 77 points lower at 33,609.
The data release includes Ukraine’s inflation statistics for March.
— Holly Ellyatt
