Bonds

European ‘zombie’ companies have three to six months' runway before defaults rise, says Aviva Investors

European ‘zombie’ companies have three to six months' runway before defaults rise, says Aviva Investors

Concern is growing over a likely spike in defaults among so-called ‘zombie’ companies that have stayed afloat during the coronavirus pandemic by relying on government stimulus and increasing their debt loads, but will struggle to keep servicing loans as government schemes roll back.

Artificial Intelligence

Tremors before ‘The Big One’: ESG alt data firm details “breadcrumb trail” that warned investors of Wirecard downfall

Tremors before ‘The Big One’: ESG alt data firm details “breadcrumb trail” that warned investors of Wirecard downfall

ESG data warned investors of the “tremors” building up at German e-payments firm Wirecard that led to its eventual blow-up, says alt data firm Truvalue Labs in its latest report on the firm.