Supply Chain Issues Push French Trainmaker To The Brink ...Middle East

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Supply Chain Issues Push French Trainmaker To The Brink
Shares of the French train maker Alstom crashed as much as 38%, and its bonds fell the most on record on Thursday, following the company's disclosure of preliminary financial information indicating a significant decline in its free cash flow projections, attributed to rising inventories.  The results showed Alstom's free cash flow had plunged from -45 million euros to a whopping -1.15 billion euros. It now expects negative 500-750 million euros for the full year, compared with earlier forecasts that were "significantly positive."  FIRST-HALF…

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