-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessATOS appoints CEO, revises FCF down amidst report of court assistance plea
- Paul Saleh has been appointed CEO of ATOS, replacing Yves Bernaert while Jacques-François de Prest joins as Group CFO.
- ATOS expects to meet FY23 revenue and operating margin targets, though FCF is expected to fall short by approximately €100mn for H2.
- French-language paper Le Figaro reported yesterday that Chairman Jean-Pierre Mustier is to seek assistance from the Nanterre Commercial Court to help negotiate with 22 creditor banks with some financing lines requiring renegotiation this month.
- The ATOS update stated that ATOS has not requested a mandataire ad hoc or open conciliation proceedings but reserves the right to do so.
- ATOS is concurrently negotiating the sale of two major assets: Tech Foundations to Daniel Kretinsky and its cyber and big data activities (BDS) to Airbus.
- ATOS have stated that the Airbus bid is in the region of €1.5bn to €1.8bn though we note comments from Oppo analysts that the sale price of strategic assets could be deemed low after Mustier indicated that pleasing shareholders is not a priority.
- ATOS shares have sold off by close to 40% since our bullet on 14 Dec on the announcement that shareholder Onepoint has increased its holding in ATOS to 11.4% (shedding 30% YTD alone).
- Short positions in the stock are growing - we see €58.5mn worth of shorts via SPOS, representing close to 11% of the market cap. Astaris Capital Management increased it’s short to 2.35% of market cap on Thursday.
- ATOS’s 2029 sold off by €1.24 on Thursday and €2.97 on Friday to close the week at €48.37.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.