UPDATE 2-European stocks rebound after last week's selloff, eyes on earnings and data
Posted on Monday April 22, 2024

The continent-wide STOXX 600 index rose 0.6%, rebounding from last week's selloff triggered by geopolitical concerns as well as worries that the Federal Reserve will delay interest rate cuts. Greece's ATHEX index gained 2.0% after credit ratings agency S&P revised the country's outlook to "positive" from "stable".

Alstom sells North American conventional signalling business for around $670 million
Posted on Friday April 19, 2024

The proceeds from the sale, net of expected tax and transaction costs, should amount to around 620 million euros. The deal is expected to close as soon as the summer, Alstom said, following regulatory approval. The transaction is part of Alstom's plan to reduce its debt by 2 billion euros, which will be revealed in detail on May 8.

ALSTOM SA: Alstom announces the sale of its North American conventional signalling business. An important milestone in the implementation of the group’s deleveraging plan.
Posted on Friday April 19, 2024

Alstom announces the sale of its North American conventional signalling business. An important milestone in the implementation of the group’s deleveraging plan. 19 April 2024 – Alstom, global leader in smart and sustainable mobility, announced today that it has entered into a binding agreement with Knorr-Bremse AG to sell Alstom’s North American conventional signalling business for a purchase price of around €630 million1. This transaction is part of the comprehensive company action plan that Al

Last-minute deal saves Britain’s biggest train factory from closure
Posted on Tuesday April 16, 2024

Britain’s biggest train factory is to be saved from closure following crisis talks, after Transport Secretary Mark Harper agreed to sign off on a vital new order.