News updates from July 26: Sabotage hits French railways before opening ceremony; Ackman postpones Pershing Square IPO

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Financial Times 2d ago

News updates from July 26: Sabotage hits French railways before opening ceremony; Ackman postpones Pershing Square IPO - Financial Times

Quick Summary:

Shares in Dutch high-frequency trading firm Flow Traders plunged 17 per cent on Friday morning after the company revealed plans to scrap its dividend and take on debt in order to boost the capital it uses for trading.

Amundi said on Friday that assets under management grew by 10 per cent year-on-year in the second quarter to reach a new all-time high of almost €2.2tn at the end of June.

The market moves came after the Bureau of Economic Analysis reported that the US economy grew at a 2.8 per cent annualised rate in the second quarter, a sign of continued resilience.