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☆ European markets head for lackluster open ahead of euro zone inflation, GDP data
▼ + stars: | 2024-04-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a lackluster open Tuesday ahead of a busy day of earnings and major data releases in the region. Preliminary euro zone inflation data for April and first-quarter gross domestic product figures for the single currency area are due Tuesday, while earnings come from AF-KLM, Stellantis, Capgemini, Mercedes, VW, Lufthansa, Santander, Caixabank, OMV, HSBC, Glencore and Whitbread, among others. Overnight, Asia-Pacific markets largely rose on Tuesday, tracking Wall Street moves, with investors awaiting China manufacturing purchasing managers' index for April. Meanwhile, U.S. stock futures were little changed Monday night after a positive start to the week, as investors brace for megacap earnings, the latest Federal Reserve interest rate decision on Wednesday, and a jobs report. The central bank is broadly anticipated to keep interest rates steady, but traders will be looking to see if Fed Chair Jerome Powell's post-meeting comments are more hawkish after the recent spate of hotter inflation reports.

Persons: Jerome Powell's Organizations: AF, KLM, Stellantis, VW, Lufthansa, HSBC, Glencore, Whitbread Locations: Santander, Caixabank, OMV, Asia, Pacific, China

A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. LONDON — European markets were set for a lower open Wednesday as investors assessed incoming corporate earnings and inflation prints in both the U.S. and the U.K. The U.K.'s FTSE 100 was predicted to open 15 points lower at 7,492 points, the DAX down 40 points to 16,833 points and France's CAC lower by 15 points to 7,605, according to IG data. Losses deepened after new figures showed U.S. inflation rose by more than expected in January, as stubbornly high shelter prices squeezed consumers. Wednesday will see reporting from several major European businesses, including ABN AMRO and Capgemini.

Persons: DAX Organizations: LONDON, U.S, U.K, CAC, of Labor Statistics, Dow, U.S . Federal, ABN AMRO, Capgemini Locations: Frankfurt, Germany

☆ ASML and more: UBS names sectors and over 10 global stocks to play right now
▼ + stars: | 2024-01-25 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Europe is set for a "weak stagnation" that will dampen the market, but several sectors and stocks stand out to UBS as good plays this year as growth stabilizes and inflation slows. "Our macro outlook for Europe is for a weak stagnation that takes European equities modestly lower but delivers another year of actionable divergences between sectors and stocks," UBS analysts led by Gerry Fowler wrote in a Jan. 19 note. "In 2024, we think the factors that will perform are domestic (smaller companies), quality and growth," the analysts wrote, adding that slower growth and lower yields should reduce the headwinds for the valuations of growth stocks. 'Well-positioned, domestic, quality, growth companies' "Well-positioned, domestic, quality, growth companies" that UBS has given buy ratings include Spanish clothing company Industria de Diseno Textil, British bakery chain Greggs and online real estate platform Rightmove as well as French construction player Vinci . It has a buy rating on ASML Holdings , SAP , Infineon Holdings and Capgemini , giving them potential returns of 22%, 17%, 40% and 10%, respectively.

Persons: Gerry Fowler, Vinci, — CNBC's Michael Bloom Organizations: UBS, International Monetary Fund, Industria de Diseno Textil, Software, Gartner, ASML Holdings, SAP, Infineon Holdings Locations: Swiss, Europe, Spanish, China

☆ Capgemini Q3 revenue falls after decline in North America
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

The Capgemini logo is seen at the company's office in Issy-les-Moulineaux near Paris, France, August 3, 2021. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 7 (Reuters) - French IT consulting group Capgemini (CAPP.PA) on Tuesday posted a 1.3% fall in third-quarter revenue at current exchange rates, including 4% fall in North America, its second-biggest market. The firm said its investment of 2 billion euros in AI was progressing "as planned" with the aim of doubling the workforce involved to 60,000 people over the three years. The Paris-based group's revenue was 5.48 billion euros ($5.87 billion) in the third quarter, down from 5.55 billion a year earlier, while its bookings rose 1% to 5.28 billion euros. ($1 = 0.9341 euros)Reporting by Lina Golovnya and Stéphanie Hamel in Gdansk; editing by Kim Coghill and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Aiman Ezzat, chatbot, Capgemini, Lina Golovnya, Stéphanie, Kim Coghill, Jason Neely Organizations: REUTERS, French IT, Alstom, Thomson Locations: Issy, Paris, France, French, North America, United States, Europe, Gdansk

☆ 3 cybersecurity threats to consider when building a private 5G network
▼ + stars: | 2023-10-26 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +5 min

Businesses may elect to build their own private 5G networks. Experts recommend building and securing a 5G network the same way you would a cloud network. Here are three threats to consider when building your own private 5G network. It's therefore important to constantly monitor how your private 5G network evolves over time — and watch for incursions from unrecognized sources in and out of the network. "Traffic entering and leaving all entry points into the 5G network should be monitored and inspected for threats," said Sandhu.

Persons: —, William Webb, Webb, Parm Sandhu, Sandhu, Aarthi Krishna Organizations: Service, IEEE, Access Partnership, NTT Ltd, 5G, IT

☆ Companies Might Be Forced to Report Their Impact on Nature. A New Framework Aims to Help.
▼ + stars: | 2023-09-19 | by ( Joshua Kirby | ) www.wsj.com time to read: +6 min

New nature-reporting recommendations aim to help companies assess their impact on and risks from the world’s natural systems. This is despite growing awareness of the catastrophic effects of biodiversity loss, Capgemini said in a report, based on a survey of executives of large organizations from major economies. The TNFD recommendations are currently voluntary, but come as regulation tightens around degradation of the natural world. Separately, in the EU, many companies are already facing obligations to report their impact on nature under the bloc’s Corporate Sustainability Reporting Directive. “We recognize that nature loss poses both risks and opportunities for business, now and in the future,” said Jennifer Motles, PMI’s chief sustainability officer.

Persons: ”, Elizabeth Mrema, David Craig, TNFD’s, “, Capgemini, Aurélie, Philip Morris, Jennifer Motles, laurent gillieron, Gillon, Gucci, Zoe Balmforth, ” Balmforth, Joshua Kirby, joshua.kirby@wsj.com Organizations: Sustainable Business, United Nations, Force, Economic, World Bank, EU, Philip Morris International, European Union, Unilever Locations: “, France, Montreal, Canada, Switzerland, ”

☆ Sustainability takes back seat in auto industry sourcing decisions - survey
▼ + stars: | 2023-09-04 | by ( Victoria Waldersee | ) www.reuters.com time to read: +2 min

REUTERS/Simon Dawson/File PhotoBERLIN (Reuters) - Automakers and suppliers are deprioritising sustainability initiatives in their sourcing policies and focusing on lowering exposure to geopolitical risk after years of supply chain turmoil, a survey of over 1,000 executives showed on Monday. The average amount suppliers are investing in sustainability initiatives has fallen to $30.5 million in 2023 from $36.6 million in 2022, it said. One-third of all companies surveyed said they did not have a comprehensive sustainability strategy. The most common factors respondents based supply chain decisions on were quality, geopolitical risk, cost, and resilience - followed by sustainability. Respondents said around 50% of semiconductor supply was still not considered fully secure, with full-stack computing platforms and microcontrollers the hardest to obtain.

Persons: Simon Dawson, ” Capgemini, Ford Organizations: REUTERS, BERLIN, Lamborghini, Capgemini Locations: Britain, London, BYD

☆ TPG dangles messy end for EY’s loveless marriage
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

On Monday, the Financial Times reported that private equity firm TPG (TPG.O) had approached EY about buying a stake in its consulting arm. Back in May of last year when EY’s split was leaked to the press, valuations were much more attractive. If TPG pushes for a full breakup, EY would still have to work out how to divvy up its tax advice business between audit and consulting. Given the challenges, EY may well decide it’s better to soldier on with an awkward marriage than risk a messy divorce. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: EY’s, EY, Aimee Donnellan, Exor’s Philips, Bain, Neil Unmack, Oliver Taslic Organizations: Reuters, Financial Times, TPG, Big, Partners, Twitter, Thomson

☆ Capgemini to invest 2 bln euros in AI after higher half-year sales
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

July 28 (Reuters) - French IT consulting group Capgemini (CAPP.PA) on Friday posted higher half-year revenue, driven by its cloud, data and artificial intelligence (AI) activities, and said it would invest 2 billion euros ($2.19 billion) in AI over three years. The Paris-based company tries to help businesses to adopt AI technology through partnerships with Microsoft and Google Cloud. "We continue to gain market share as we accompany our clients in their transition towards a digital and sustainable economy ... I am convinced that generative AI will play a major role in this transition," CEO Aiman Ezzat said in a statement. Capgemini, which offers consulting, digital, technical and engineering services, reported revenue of 11.43 billion euros in the first half of 2023, compared to 10.69 billion a year earlier.

Persons: Aiman Ezzat, ChatGPT chatbot, Lina Golovnya, Stéphanie, Milla Nissi Organizations: French IT, Microsoft, Google, Thomson Locations: French, Paris, Gdansk

☆ Capgemini CEO says the appetite from clients for digital transformation remains 'extremely strong'
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapgemini CEO says the appetite from clients for digital transformation remains 'extremely strong'Aiman Ezzat, CEO of Capgemini, discusses first-half profits and why there is a softness in the market.

Persons: Ezzat

☆ 'Undeniably vast' opportunity: Bank of America names generative A.I. global 'winners'
▼ + stars: | 2023-07-14 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Bank of America has dubbed global companies exposed to the demand for generative artificial intelligence solutions as "winners," picking stocks across the software and IT services sectors. It described the AI opportunity within the software industry as "undeniably vast" in a research note dated 12 July, and ranked European companies in the sector. "Huge quantities of data about a company's operations are held within a company's ERP system which makes the software vital in any generative AI integration," BofA's analysts stated. "We see gen AI as an opportunity for the Software industry to derive both potential revenue uplift via enhanced value proposition and data monetization, alongside productivity improvements," the bank said. BofA also looked at the effect of generative AI on the IT services industry and said implications "are the most polarised," noting concerns over drops in sales due to tasks being automated.

Persons: BofA, Frederic Boulan, — CNBC's Michael Bloom Organizations: of America, Dassault Systemes, SAP, Software, IT, International Data Corporation Locations: French, German

☆ Forget the hype: Barclays identifies global 'A.I. winners' for the long term
▼ + stars: | 2023-07-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Barclays has named several global stocks that are expected to do well as the usage of artificial intelligence-related services evolves. The investment bank acknowledged that hardware and infrastructure giants, most notably Nvidia and Microsoft , are currently seeing the immediate benefits of the AI hype. Still, over the long term, it said businesses in the service sector could cash in significantly. The companies in Barclays' "Global AI Winners" basket include Canada-headquartered Telus and France's Capgemini . The below table highlights non-U.S. stocks in Barclays' basket of AI stocks.

Persons: FactSet, Emmanuel Cau, Capgemini, Goldman Sachs Organizations: Barclays, Nvidia, Microsoft, Telus, France's, Tech, Companies, Tokyo Electron, SoftBank Group, SAP, UK's Sage Group, ASM Locations: Canada, U.S, Taiwan, Tokyo, Europe, Amsterdam

☆ Goldman Sachs issues its verdict on generative A.I. and names top stocks to play it
▼ + stars: | 2023-07-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Goldman Sachs says the recent surge in artificial intelligence stocks is not just hype but is driven by genuine potential in the new technology. Goldman's analysts dismissed some of those concerns and said companies like Nvidia and Microsoft are still trading at reasonable multiples. Stocks exposed to A.I. The analysts also highlighted stocks exposed to the AI trend, including Microsoft , Alphabet , and Amazon , leveraging their vast computing infrastructures to commercialize AI on a grand scale. According to Goldman Sachs, companies like Meta Platforms, Salesforce, Adobe, ServiceNow, Intuit, Capgemini, Pearson, London Stock Exchange Group, and Relay Therapeutics were also exposed to the AI theme.

Persons: Goldman Sachs, ChatGPT, Kash Rangan, Bubbles, Eric Sheridan, Sheridan, Stocks, Pearson Organizations: Robotics, Artificial Intelligence, Street, upstarts, Microsoft, Google, Nvidia, Wall, Marvell Technology, TSMC, Unimicron Technology, Adobe, Intuit, Capgemini, London Stock Exchange Group, Therapeutics

Some billionaires rocketed into space as Branson and Amazon founder Jeff Bezos have. Other rich travelers journeyed on a submersible to explore the wreckage of the ocean liner Titanic. For $250,000 to $300,000 a trip, Kent sometimes fields unusual requests including helping a Saudi prince fulfill his dream of flying a plane onto and off of an aircraft carrier. The experience was so demanding that Ackman's father expressed concern about the intended trip, not for his son but for another fund manager who had signed up to go. One person familiar with that excursion said it probably wouldn't happen again, in part because it was such a potentially risky undertaking.

Persons: Eric Gaillard, Richard Branson, Branson, Jeff Bezos, ”, Alexandre Cymbalista, Geoffrey Kent, Kent, Goldman Sachs, Monica Heslington, Goldman, Melissa Biggs Bradley, Massimo Bottura, Bill Ackman, Whitney Tilson, Tilson, Ackman, Svea Herbst, Bayliss, Tatiana Bautzer, Julia Harte, Nupur Anand, Paritosh Bansal, Anna Driver Organizations: REUTERS, Twitter, Virgin Galactic, Virgin Group, Amazon, Wall Street, Abercrombie, Kent, Credit Suisse, SPECIAL, Goldman, Art Basel, Rubell Museum, Bank of America, Indagare, Ferrari, Navy, Svea, Thomson Locations: Nice, France, New York City, Branson, safaris, Botswana, Kent, Saudi, Africa, Miami, Art Basel, Modena, Italian, Mongolia, California

McKinsey says generative AI could add $7.3 trillion in value to the world economy each year and believes half of today's work activities could be automated between 2030 and 2060. The latest Bank of America survey in June showed 29% of global investors don't expect AI to increase profits or jobs. "There's a lot of focus on the risks that generative AI can bring. He sounded confident over the capacity of some professional information and data providers, which own proprietary data, to integrate generative AI into their products. Cristina Matti, small and midcaps portfolio manager at Amundi, said indiscriminate investing was not an option for investors seeking AI exposure.

Persons: Gilles Guibout, UK's Pearson, Chegg, Pearson, Thomas McGarrity, Andrea Scauri, Scauri, Capgemini, Cristina Matti, Danilo Masoni, Lucy Raitano, Chizu Organizations: Nvidia, McKinsey, AXA Investment, Bank of America, Microsoft, RBC Wealth Management, Accenture, Thomson Locations: MILAN, Europe, United States, Paris, Lemanik, Amundi

Henriette Borgund knows attackers can find weaknesses in the defences of a big renewables power company - she's found them herself. She joined Norway's Hydro (NHY.OL) as an "ethical hacker" last April, bringing years of experience in military cyberdefence to bear at a time of war in Europe and chaos in energy markets. They're nervously monitoring a hybrid war where physical energy infrastructure has already been targeted, from the Nord Stream gas pipelines to the Kakhovka dam. It said Russia had tried to destroy digital networks and cause power cuts, and that missile attacks on facilities were often accompanied by cyberattacks. "Companies in the energy space, their core business is producing energy, not cybersecurity," said Jalal Bouhdada, CEO of cybersecurity firm Applied Risk, a division of DNV.

Persons: Nora Buli, Henriette Borgund, she's, shoring, Michael Ebner, cyberattacks, didn't, Swantje Westpfahl, James Forrest, Cem Gocgoren, Stephan Gerling, Mathias Boeswetter, Leonhard Birnbaum, Jalal Bouhdada, Nina Chestney, Christoph Steitz, America Hernandez, Paris Pavel Polityuk, Guy Faulconbridge, Pravin Organizations: REUTERS, Norway's Hydro, Reuters, Hydro's Oslo, Hydro, Ukraine, cyberattacks, Germany's Institute for Security, TRITON, Triton, Svenska, ICS CERT, University of Tulsa, E.ON, " Companies, Pravin Char, Thomson Locations: Norwegian, Fosen, Norway, Ukraine, OSLO, LONDON, FRANKFURT, Europe, Nord, Russia, Ukrainian, Moscow, United States, Russian, Capgemini, Saudi, Swedish, DNV, Oslo, London, Frankfurt, Paris, Kiev

☆ Using cash like a millionaire may not make sense for most investors. Here's why
▼ + stars: | 2023-06-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

The poll considered cash and cash-like investments to include money market funds, checking and savings accounts, plus certificates of deposit. A recent Capgemini Research Institute survey also found affluent investors are holding a record share of cash. On one hand, having more money in cash today isn't necessarily a bad move due to higher interest rates, advisors said. Yet, the CNBC millionaire survey suggests wealthy millennials shifted into cash more readily than older investors. When to boost cash holdingsBut there are circumstances in which it may make sense to up one's cash-like holdings, she said.

Persons: Ted Jenkin, Jenkin, it's, millennials, X, Young, Carolyn McClanahan, what's, McClanahan, Cash Organizations: Millionaires, CNBC Millionaire Survey, Research Institute, Federal Reserve, CNBC, Planning Partners Locations: Atlanta, Jacksonville , Florida

☆ Millionaires are hoarding cash, betting on higher rates, CNBC survey says
▼ + stars: | 2023-06-07 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Millionaire investors are adding to their mountains of cash, betting on higher interest rates and weak stock markets in 2023, according to the CNBC Millionaire Survey. Of the survey respondents, 28% said they have purchased more fixed income, as they expect interest rates to remain high. Millionaire investors are still betting inflation will persist for years, potentially keeping interest rates higher for longer. Three-quarters of millennial millionaires say inflation will come down to 2% within two years, with one in four saying it will hit the 2% target within a year. CNBC's Millionaire Survey was conducted online in April.

Persons: Elias Ghanem, George Walper, Walper Organizations: CNBC Millionaire Survey, Capgemini Research Institute, Financial Services, Spectrem, Millionaire Survey, CNBC, Millionaires, Millionaire, Valley Bank, First, Signature Bank, Federal Deposit Insurance Corporation

May 4 (Reuters) - French IT consulting group Capgemini (CAPP.PA) on Thursday reported weaker revenue growth in the first quarter of 2023, compared with the year-ago period, citing a tense economic environment with clients adopting a "wait-and-watch stance". Still, the company's quarterly revenue reached 5.73 billion euros ($6.35 billion), 10.9% above the first three months in 2022. The Paris-based company reiterated its outlook for 2023, pointing to revenue growth in a range between 4% and 7% in constant currency terms, down from a 21.1% increase in 2022, and an operating margin between 13.0% and 13.2%. "The economic context remains tense (...) It's all about postponements, but our clients' agenda hasn't changed, digital transformation remains their priority", Ezzat added. Growth in new hires remains strong in tech products, the CEO specified, including research on generative AI.

☆ Capgemini CEO: Tech and telco companies are 'definitely under pressure'
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapgemini CEO: Tech and telco companies are 'definitely under pressure'Aiman Ezzat, CEO of Capgemini, says tech and telco companies are under pressure, but are expected to rebound in two to three quarters.

☆ France's Capgemini sees weaker revenue growth as demand slows
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

Feb 21 (Reuters) - French IT consulting group Capgemini (CAPP.PA) on Tuesday forecast weaker 2023 revenue growth due to slowing demand for its cloud, data and artificial intelligence services in the uncertain macroeconomic environment. The group's revenue reached 22 billion euros ($23.48 billion) last year, while its bookings totalled 23.7 billion euros, an increase of 16.8% at constant exchange rates. The results come at a time when slowing growth, soaring inflation and a looming recession have pushed IT companies including U.S. giants Alphabet (GOOGL.O), Microsoft (MSFT.O) and Amazon (AMZN.O) to slash jobs. The Paris-based company also forecast 2023 operating margin in a range of 13.0% to 13.2%, and organic free cash flow of around 1.8 billion euros. ($1 = 0.9371 euros)Reporting by Lina Golovnya in Gdansk; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

☆ France's Capgemini sees weaker revenue growth in 2023
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: 1 min

Feb 21 (Reuters) - French IT consulting group Capgemini (CAPP.PA) on Tuesday forecast slower revenue growth for 2023 on slowing demand for its cloud, data and artificial intelligence services. The company, which provides services to industries ranging from telecoms to aerospace, expects its revenue to grow between 4% and 7% in constant currency this year, compared with 16.6% growth it reported for 2022. Reporting by Lina Golovnya in Gdansk; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

☆ Warner Bros. Discovery is laying off workers and making some train their foreign replacements, with about 175 hires planned in Mexico
▼ + stars: | 2023-01-25 | by ( Lucia Moses | ) www.businessinsider.com time to read: +2 min

Warner Bros. Warner Bros. All of Warner Bros. The cuts have varied by business unit: CNN eliminated 400 jobs, or about 10%, while Warner Bros. In 2008, Warner Bros. Entertainment struck a deal with Capgemini to outsource back-office operations.

☆ After laying off scores of workers, Warner Bros. Discovery is rehiring — in Mexico
▼ + stars: | 2023-01-20 | by ( Lucia Moses | ) www.businessinsider.com time to read: +2 min

Warner Bros. Warner Bros. Discovery is shifting some work to Mexico after laying off scores of people in the US post-merger. The cuts have varied by business unit: CNN eliminated 400 jobs, or about 10%, while Warner Bros. In 2008, Warner Bros. Entertainment struck a deal with Capgemini to outsource back-office operations.

☆ CapGemini CEO: Business environment right now continues to be good
▼ + stars: | 2023-01-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapGemini CEO: Business environment right now continues to be goodAiman Eizzat, CEO of CapGemini, speaks to CNBC's Joumanna Bercetche at the World Economic Forum in Davos, Switzerland.

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