Brought to you by Investec Switzerland. Novartis AG said profit may fall this year as the Swiss drugmaker increases spending on the heart medicine Entresto and faces declining sales of its best-selling cancer treatment Gleevec. Core operating income will either be about the same as 2015 or decline by a percentage in the low single […]
Swatch profit plunges as demand falls across europe, asia
Brought to you by Investec Switzerland. Swatch Group AG said first-half profit fell by more than half — the most in at least 15 years — as demand for its watches in Hong Kong, France and Switzerland collapsed. Sales fell about 12 percent, the Biel, Switzerland-based maker of Omega and Tissot timepieces said in an […]
Swiss stocks higher on stimulus bet
15 July 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index (SMI) is set to finish this week higher tracking equity market gains around the world as investors begin to anticipate a new wave of economic stimulus from central banks. Global equity markets rebounded from their post-Brexit losses […]
Swiss government rejects union demands for pension increases
20 Minutes. Various Swiss unions along with the socialist and green parties have launched an initiative to increase pensions. Their plan, which demands a 10% increase in pension payments, will be put before Swiss voters in a referendum on 25 September 2016. The cost of the plan could be as high as CHF 4.1 billion. […]
QE and stress tests could cause a state of emergency for some insurers
Brought to you by Investec Switzerland. European insurers, whose profits are being eroded by Mario Draghi’s quantitative-easing program, face a stress-test headache that risks requiring them to set aside more capital, further hurting their ability to make money. The timing of the regulator’s “stress test couldn’t be worse as the results will be rather negative,” […]
Post-Brexit relief rally fading – Swiss quality stocks as safe haven
8 July 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI is set to post moderate losses this week as the post-Brexit relief rally faded and commodities slipped. Swiss stocks outperformed key European markets as investor’s fled to quality stocks such as Nestlé, Novartis and Roche. After Swiss companies trailed their […]
Some question price of Swiss stocks as safe haven status awakened
Brought to you by Investec Switzerland. Swiss stocks, dislodged in 2015 as a haven from European volatility, have seen the status restored following Brexit — so much that some investors are balking at valuations. After trailing shares from Germany to France and Italy for most the past year, the Swiss Market Index is finding a […]
Stocks up on Brexit bargain hunting
1 July 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. Global equity markets are set to post gains this week as investors digest the impact of the UK’s historic vote to leave the European Union. Swiss stocks outperformed global markets as defensive heavyweights Nestlé, Roche and Novartis led gains. Volatility remained […]
Nestle’s coffee business is competing with itself
Brought to you by Investec Switzerland. Nespresso beware: Your status as Nestle’s favorite child is under threat from your scruffy kid brother. Nestle SA, creator of the high-end Nespresso brand of coffee pods and espresso machines, is increasingly leaning on a cheaper range of single-serve coffees that it calls Nescafe Dolce Gusto. Since Nestle launched […]
Nestlé shares jump on appointment of new outsider CEO and speculation of revamp
Brought to you by Investec Switzerland. Nestle SA rose the most in more than four months as investors welcomed the surprise appointment of Fresenius SE’s Ulf Mark Schneider as successor to Chief Executive Officer Paul Bulcke. The stock gained 2.7 percent to 73.05 Swiss francs at 10:16 a.m. in Zurich as analysts said the health-care […]
