Embattled Peugeot booted from French CAC 40 index


PARIS (Reuters) – PSA Peugeot Citroen (PEUP.PA) will be dropped from France’s blue chip index CAC 40 .FCHI the latest in a series of setbacks for Europe’s No. 2 automaker by volume. Peugeot, a founding member of the CAC 40 when the benchmark was created a quarter century ago, will be replaced by Belgian chemicals group Solvay (SOLB.BR), NYSE Euronext said, with the changes taking effect on September 24. The demotion from the index means the group will be dropped from the radar screens of exchange-traded funds and index trackers, translating into a fall…

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French Alps deaths: gendarmes refuse to speculate over Annecy killings

Quiet hamlet of Chevaline in profound shock as police admit to no leads yet on shotgun deaths Lieutenant Colonel Benoit Vinneman at a press conference in Annecy, on Thursday, covering the killings of a French cyclist and British family. Photograph: Lionel Cironneau/AP On the dusty narrow Route de la Combe […]