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46 minutes ago
Atos shares fall 18% after Airbus breaks off talks over potential acquisition of cybersecurity division
Atos shares plunged more than 18% and trading was halted on Tuesday morning after the French IT company announced it had concluded talks to acquire Airbus’ cybersecurity business.
As a result, Atos said in a market update that it would reschedule its 2023 results release to “evaluate strategic options”.
“Athos is analyzing the resulting situation and actively evaluating strategic alternatives that take into account the sovereign obligations of the French state.”
– Elliott Smith
9 hours ago
CNBC Pro: Worried about high valuations? Berenberg names five ‘Top Picks’ stocks in ‘undervalued’ sectors
As concerns over a rising stock market swirl and investors turn their attention to AI companies, Berenberg strategists see one sector as a relative bargain.
The investment bank noted that in the past three investments when valuations have fallen to similar levels to current levels, investors in the sector have outperformed the market by an average of 108%, or more than twice their money.
CNBC Pro subscribers can read more here.
— Ganesh Rao
9 hours ago
CNBC Pro: Fund manager says this software stock is poised to become a ‘serious player’ in the AI space, with nearly 50% upside potential
Brian Statland of Equity Armor Investments said one stock is a “promising AI investment” that is poised to become a “serious player” in that corner of the space.
“They’re starting to get very creative in the AI world,” Statland, the company’s portfolio manager, told CNBC’s “Street Signs Asia” this week.
CNBC Pro subscribers can read more here.
— Tan Weizhen
4 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 26 points lower at 7,698, Germany’s DAX 41 points lower at 17,896, France’s CAC 13 points lower at 8,138 and Italy’s FTSE MIB. It is expected to open 68 points lower at 33,347.
There are no major earnings announcements on Monday. Germany’s ZEW is scheduled to release its business sentiment survey for March.
— Holly Ellyatt
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