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United States

John Revill

Geberit says construction market still tough as second-quarter sales dip

Aug 15 2019

ZURICH Geberit said it still expects the construction market to remain tough for the rest of the year after the plumbing supplies company posted a 1.3% fall in sales during its second quarter.

UPDATE 1-Geberit says construction market still tough as Q2 sales dip

Aug 15 2019

ZURICH, Aug 15 Geberit said it still expects the construction market to remain tough for the rest of the year after the plumbing supplies company posted a 1.3% fall in sales during its second quarter.

ABB shares jump as new CEO raises turnaround hopes

Aug 12 2019

ZURICH ABB shares jumped more than 4% on Monday as investors welcomed news the Swiss engineering group had poached Bjorn Rosengren from Swedish mining equipment firm Sandvik to be its next chief executive.

Adecco sees Brexit adding to European hiring woes

Aug 08 2019

ZURICH Britain's messy and prolonged divorce from the European Union is weighing on hiring sentiment in the country due to uncertainty about whether it will leave the bloc with a deal, temporary staffing company Adecco Group said on Thursday.

Swiss central bank continues interventions to tame franc

Aug 05 2019

ZURICH, Aug 5 The Swiss National Bank appeared to be buying foreign currency again last week as escalating trade tensions pushed the value of the safe-haven Swiss franc higher against the euro.

Siemens points to deteriorating demand as profit falls

Aug 01 2019

MUNICH, Germany Siemens said on Thursday deteriorating demand from automotive and machine building firms hit its third-quarter profit, becoming the latest industrial company to warn about a weaker environment hitting its business.

LafargeHolcim still confident on global construction market after doubling first-half profit

Jul 31 2019

ZURICH LafargeHolcim , the world's largest cement maker, said on Wednesday it had a strong order book going into the second half after it doubled first-half net profit on solid demand, rising margins and cost reductions.

UPDATE 2-Swiss National Bank profit shows taming the franc is a challenge

Jul 31 2019

* SNB makes 38.5 billion Swiss franc profit during first half

Swiss National Bank looks to have restarted currency interventions

Jul 29 2019

ZURICH The Swiss National Bank looks to have kick-started its forex purchases again -- firing a warning shot to investors who have bought the safe-haven currency and pushed it to two-year highs against the euro.

Novartis heart drug fails trial, curbing growth prospects

Jul 29 2019

ZURICH Novartis's heart failure drug Entresto failed a trial in a new use, the Swiss drugmaker said on Monday, calling into question billions of dollars in potential revenue and taking the shine off one of the company's biggest growth prospects.

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