Shares in world’s second-biggest train maker plunge on profit downgrade
Alstom cites slow progress on some projects and scraps free cash flow target
Related reading
Eurostar places €2bn order for double-decker trains
New fleet from Alstom will allow group to extend routes to Geneva and Frankfurt
Nike shares tumble on unexpected forecast for sales decline
Sportswear group’s softer than anticipated outlook stirs concerns about multiyear turnaround plan
Investors ditch private credit funds on rising worries over bad loans
Publicly traded vehicles are trading at steep discounts in gloomy sign for broader industry
US bank stocks record biggest slide since April’s market ructions
Investors fret over growing strains in private credit and risks of AI disrupting the software industry
Eurostar services partially resume after Channel Tunnel power supply fault
Train operator is still advising passengers to rebook services for another day
Citi disappoints investors with modest profit targets
Shares in Wall Street bank fall 3% in pre-market trading