BUZZ-France's TP slumps after peer Concentrix cut forecasts

Concentrix Corporation

Concentrix Corporation

CNXC

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** Shares of French call centre operator TP TEPRF.PA slump around 11.5%, in choppy trade, after U.S. peer Concentrix CNXC.O cut annual forecasts

** RBC says Concentrix's warning about client behavioural change is a clear negative

** "Clients are looking at high-cost markets and certain segmentation of customer bases and deciding that they're no longer going to support these customer bases at all," RBC flags

** If losses persist, the stock heads for the biggest single-day drop in 11 months

** Up to Monday's close, TP shares were down almost 16%, having lost about 25.6% in value over 2025

** Shares in Concentrix fell 25% in Wall Street's extended trading on Monday


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