Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Ouen"


3 mentions found


The mayor grew up in a building so decrepit — filthy hallways, no private toilets, no showers — that his friends in nearby concrete towers pitied him. One-quarter will become public housing after the Games. “All of a sudden, we have the same feeling of pride as people living in the hypercenter,” said the mayor of St.-Ouen, Karim Bouamrane, 51, using his personal shorthand for the glamorous downtown playgrounds of the elites. “There was Los Angeles, Barcelona, Beijing, London, Sydney and, now, there is St.-Ouen.”Even before the Olympic Committee choose to invest in this economically depressed northern suburb, St.-Ouen was changing. But since then, and since Mr. Bouamrane’s election as mayor in 2020, the transformation seems turbocharged.
Persons: , Ouen, Karim Bouamrane Organizations: Olympic Locations: St ., Paris, , St, Los Angeles, Barcelona, Beijing, London, Sydney
Alstom takes the direct route to lower credibility
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Gonzalo Fuentes Acquire Licensing RightsLONDON, Nov 15 (Reuters Breakingviews) - Alstom’s (ALSO.PA) problems are piling up. Alstom’s headaches, which include an inventory build-up, project delays and an order slowdown, haven’t materially changed. But to retain its investment grade credit rating the group needs to slash net debt that has jumped 50% to 3.4 billion euros since March. But as Denmark’s Orsted (ORSTED.CO) has found, the only thing investors dislike more than operational upheaval is a message that constantly changes. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Gonzalo Fuentes, Henri Poupart, Lafarge, George Hay, taints, Lisa Jucca, Oliver Taslic Organizations: Alstom, REUTERS, Reuters, Caisse, X, Thomson Locations: Saint, Ouen, Paris, France
Alstom cash crunch dents management credibility
  + stars: | 2023-10-05 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Gonzalo Fuentes Acquire Licensing RightsLONDON, Oct 5 (Reuters Breakingviews) - Alstom (ALSO.PA) CEO Henri Poupart-Lafarge faces an uphill struggle to shore up his credibility. The French train maker lost 35% of its market value – amounting to 3 billion euros - on Thursday after announcing that it would book negative free cash flow of 500 to 750 million euros this year. Finally, weaker than expected orders in the first half of the year generated less cash in the form of down payments. Given the potential for the group’s net debt to be 3 billion euros by year-end, 1 billion euros more than expected, Deutsche Bank analysts reckon it may soon need a capital increase. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Gonzalo Fuentes, Henri Poupart, Pierre Briancon, Aimee Donnellan, Streisand Neto Organizations: Alstom, REUTERS, Reuters, London Underground, Deutsche Bank, X, Sandoz, Brookfield, Temasek, Thomson Locations: Saint, Ouen, Paris, France
Total: 3