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Alstom shares fall on cash flow warning

Alstom's shares fell by more than a quarter on Thursday, after the French manufacturer of high-speed rails lowered its forecast of free cash flow. This was due in part to delays in UK customers taking delivery. The group has warned that…

Birkenstock aims for IPO valuation of over $9bn

The German sandal manufacturer Birkenstock will be valued at over $9bn this month in an Initial Public Offering. This is the latest sign that the US market has been reviving after a lack of new listings since 2022. Birkenstock announced…

Hedge funds unwind their bets on gilts

Hedge funds have been rushing to unwind bets against Britain's £2.5tn government bond market as investors become increasingly convinced that the Bank of England is nearing the end of its rate rising campaign. The total value of the UK's…