The chief executive of British Gas’ owner Centrica has said every household should be forced to have a smart energy meter to help hit net zero targets, despite widespread resistance to the devices.
The French company behind Britain’s biggest train factory is to raise €1.75bn (£1.5bn) as it battles to cut its debt pile.
Its two main shareholders, Caisse de dépôt et placement du Québec (CDPQ) and Bpifrance, which hold stakes of 17.4% and 7.5% respectively, have agreed to participate in the capital increase. Alstom had flagged a potential capital increase late last year, sending shares tanking after a cash-flow warning in October made clear to investors it was struggling with debt. Jefferies analysts flagged a stronger second half of the year, and said Alstom's new outlook for a cash inflow of between 300 million and 500 million euros for the current fiscal year "looks fine,".