1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Renault shares plunge after police raids on sites

Discussion in 'Market News' started by Lily, Jan 14, 2016.

  1. Lily

    Lily Forum Member

    Joined:
    Aug 29, 2015
    Messages:
    7,400
    Likes Received:
    0
    French stock market falls and almost €5bn wiped off carmaker’s market value after news of police raids at sites reportedly linked to emissions engineering

    Shares in Renault tumbled more than 20% on news that police had raided the French carmaker’s sites, reportedly in connection with the Volkswagen emissions scandal.

    Renault’s shares plunged to €69.46, wiping €5bn (£3.7bn) off the company’s market value and depressing European markets. Already down around 2% on the back of lower oil prices, the French stock market, CAC, and its German counterpart, the DAX, extended their losses to 3% after the Renault reports. Shares in other carmakers also fell, with Peugeot down 6.6%.

    Continue reading...
     

Share This Page