Sika has to accept further delays | company industry

(AWP) The construction chemicals manufacturer Sika (SIKA 237.30 +3.17%) has to accept a delay in the acquisition of the former BASF construction chemicals business (MBCC Group) announced at the end of November 2021. The reason is an investigation by the British antitrust authorities. The British competition and market supervisory authority CMA wants to examine the … Read more

Swiss companies get off to a strong start in a difficult semester | markets macro

The headwind for the Swiss economy will increase in the coming months. But companies are well prepared. This is the conclusion reached by the Economic Research Center of the ETH, Kof. She surveyed 4,500 companies from industry, construction and numerous services. The business situation got a little setback in July, sums up Kof. But the … Read more

Stock in focus: Ceconomy | company abroad

After the market closed on Thursday, the parent company of Media Markt and Saturn published a statement adjusting its forecast. Ceconomy were down sharply in morning trade on Friday. In the meantime, the titles were down 25%. According to the company, significantly changed economic conditions are affecting it. The company, headquartered in Düsseldorf, is now … Read more

Montana Aerospace Commissions New Facilities | company industry

(AWP) Montana Aerospace (AERO 15.38 +4.34%) has successfully completed the commissioning and the first test phase in three new extrusion lines. According to a statement on Friday, these should provide a substantial part of the sales and earnings development in the future. A production line for seamless tubes made of special alloys, an extrusion line for … Read more

Finma eases restrictions on Sberbank Switzerland | company finance

(AWP/Reuters) The financial market supervisory authority Finma has partially lifted protective measures previously ordered at the Russian Sberbank (Switzerland) AG. The more stable financial situation of the bank and the current legal situation with regard to sanctions made this step possible. This will enable Sberbank to meet its creditors’ claims due from July 1 to … Read more

Valora takes over more gas station shops | company consumption

(AWP) Rate (VALN 160.60 +0.75%) continues to expand its branch network and takes over 71 petrol station shops from Oel-Pool. The takeover is to take place gradually from April 2023, the company announced on Monday. No information is given in the report on financial details. According to the information, the stores taken over are located … Read more

Million fines against Swisscom confirmed | Company Switzerland

(AWP) The Federal Administrative Court has imposed a fine on Swisscom from the Federal Competition Commission (Comco). (SCMN 557.20 -0.85%) confirmed in dispute over sports rights. In 2016, ComCo imposed a fine of CHF 71.8 million. Swisscom is examining whether to move on. In 2016, ComCo fined Swisscom and Cinetrade (today Blue Entertainment) for abusing … Read more

Implenia wins major contract in Sweden | company industry

(AWP) The order has a volume of 1 billion Swedish crowns (98 million Swiss francs), like Implenia (IMPN 21.70 +4.58%) announced in a communiqué on Friday. The contract for the connecting tunnel to the extended Högdalen metro depot comes from Region Stockholm, Förvaltning för utbyggd tunnelbana, the state-owned company responsible for Stockholm’s metro infrastructure. The … Read more