Straumann expects sales to decline in 2020 Monday, 29.06.2020 According to its chief financial officer, Straumann’s current situation is in no way comparable to that, more serious, experienced during the financial crisis. (Keystone) – Growth will slow significantly for Straumann this year. CFO Peter Hackel expects sales to “probably” go down, he said in an … Read more
Pay equality: underrepresented women at the head of large Swiss groups Sunday, 28.06.2020 Nayla Hayek is an exception at the head of the Swatch board of directors. (Keystone) – Even if the situation has improved somewhat, women are still underrepresented at the head of large Swiss companies. Among the groups listed on the Swiss stock … Read more
Migros wants to part with its Saviva subsidiary friday, 26.06.2020 Saviva has a dozen regional logistics platforms to deliver to its Swiss customers within 24 hours. – Continuing its restructuring process, Migros intends to sell its Saviva subsidiary, which specializes in wholesale delivery to catering establishments. The orange giant wants to focus in the future … Read more
IMF warns of risk of severe market correction friday, 26.06.2020 Tobias Adrian, IMF financial advisor (Keystone) – The markets seem “disconnected” from economic reality, alerted the International Monetary Fund on Thursday. The main stock markets have rebounded since their trough in March, “recovering overall about 85% of their average level in mid-January,” he said in … Read more
SKS gives Swiss six weeks to reimburse tickets friday, 26.06.2020 Swiss states that it continuously reimburses tickets for canceled flights, while acknowledging that it cannot meet the usual deadlines. (Keystone) – While Swiss is struggling to reimburse tickets for flights canceled due to the coronavirus pandemic, the German Consumer Protection Association is now demanding that … Read more
Novartis and Alcon fined $ 345 million friday, 26.06.2020 To avoid civil proceedings, Novartis agreed to pay the United States Department of Justice (DoJ) a fine of nearly $ 234 million. (Keystone) – The pharmaceutical group Novartis and its former subsidiary Alcon have received sanctions from the American authorities for a cumulative amount of 345 … Read more
SIX executives join BME board of directors friday, 26.06.2020 Jos Dijsselhof, CEO of SIX since 2018. – Jos Dijsselhof and Daniel Schmucki, CEO and CFO of the financial services provider SIX, respectively, were “unanimously appointed” by co-optation by BME’s board of directors. Mr. Dijsselhof was also elected to the Remuneration Committee and Mr. Schmucki to … Read more
Microsoft closes stores worldwide saturday, 27.06.2020 The computer giant estimates that its sales websites, including Xbox and Windows, are visited by more than 1.2 billion people every month in 190 markets. (Keystone) – Some were temporarily closed due to a pandemic, they will not reopen for lack of an economic model: Microsoft announced Friday that … Read more
Sanofi cuts 1,700 jobs in Europe friday, 26.06.2020 Director Paul Hudson created the controversy over the possibility of favoring the United States for a vaccine against the coronavirus (Keystone) – The French pharmaceutical giant Sanofi will cut 1,700 jobs in Europe, including 1,000 in France, a reorganization that corresponds to a “new strategy” according to … Read more
Syz: Marlene Nørgaard Carolus joins the board of directors friday, 26.06.2020 Marlene Nørgaard Carolus will help implement the commercial strategy of the Swiss “boutique” bank. – The SYZ Group strengthens its board of directors with the appointment of private equity specialist Marlene Nørgaard Carolus. With extensive professional investment experience, Marlene Nørgaard Carolus will defend the … Read more