ZURICH, July 23 (Reuters) – Charges linked to costly delays
to offshore wind and solar power projects pushed ABB’s
second-quarter earnings below forecasts, sending its shares down
2 percent on Wednesday.
Like many of its rivals, the Swiss company is suffering from
a lack of large orders for its power equipment and is working
its way through a backlog of less profitable contracts.
ZURICH, July 22 (Reuters) – Actelion Chief
Executive Jean-Paul Clozel said he was determined to keep the
Swiss biotech company independent, batting away speculation it
could become the next takeover target for U.S. firms seeking
lower taxes by relocating abroad.
Europe’s biggest biotech company has been rumoured as a
potential tax inversion target and its strong pipeline of drugs
to treat pulmonary arterial hypertension (PAH) could also
ZURICH/PARIS July 21 (Reuters) – Cement makers Holcim
and Lafarge have received more than 100
expressions of interest in assets they must sell ahead of their
planned merger, the Swiss company’s chief executive said on
The two companies proposed a multi-billion euro series of
asset sales two weeks ago in their efforts to get regulatory
approval for the planned merger, unveiled in April, which would
create a combined group with $44 billion in annual sales.
ZURICH, July 17 (Reuters) – Swiss drugmaker Novartis
posted a quarterly rise in sales that missed
expectations and said it would focus on eking out gradual cost
savings to boost margins as it prepares a radical business
Despite the sales miss, the Basel-based company confirmed
its full-year guidance for a rise in sales and profit, expecting
revenue from new products to offset generic competition to its
blood pressure pill Diovan.
ZURICH (Reuters) – Roche said its experimental Alzheimer’s drug failed to meet its main goals in a mid-stage study, a result likely to bolster the belief that drugs need to be given in earlier stages of the disease to slow patients’ decline.
The Swiss drugmaker’s treatment known as crenezumab was tested in patients with mild-to-moderate forms of Alzheimer’s, a fatal, brain-wasting disease that gradually robs patients of their ability to think and care for themselves.
ZURICH (Reuters) – Swiss drugmaker Novartis has struck an agreement with Google to develop “smart” contact lenses that would help diabetics track their blood glucose levels or restore the eye’s ability to focus.
The device for diabetics would measure glucose in tear fluid and send the data wirelessly to a mobile device, Novartis said. The technology is potentially life-changing for many diabetics, who prick their fingers as many as 10 times daily to check their body’s production of the sugar.
ZURICH (Reuters) – More than 200 budding Swiss songwriters have entered a public competition to come up with a new, more rousing national anthem, according to organizers who want to ditch a traditional work many view as far too solemn.
The contest, organized by the Swiss Society for Public Good, aims to replace “The Swiss Psalm” composed by Alberich Zwyssig, a Swiss monk, in 1841, which critics say is too hymn-like and at odds with modern-day Switzerland.
ZURICH, July 3 (Reuters) – Barry Callebaut, the
world’s biggest chocolate maker, said on Thursday sales volumes
growth slowed to 2.4 percent in the nine months to the end of
The Zurich-based company, which makes chocolate for Nestle
, Unilever and Mondelez
among others, is benefiting from a trend among big food groups
to outsource chocolate production.
ZURICH, June 18 (Reuters) – Novartis AG on
Wednesday shed some light on how an overhaul of its business
could boost profitability even in a “brutal” era for health
spending, saying the shake-up would have lifted core operating
margins by 2.5 percentage points last year.
The Swiss drugmaker unveiled a series of deals worth over
$25 billion in April in which it will get out of underperforming
businesses and add higher margin cancer drugs from
ZURICH, June 17 (Reuters) – Actelion could attract
potential bidders after strong results for the Swiss biotech
company’s new heart and lung drug, Deutsche Bank analysts said
on Tuesday, as a wave of deals sweeps through the healthcare
Europe’s biggest biotech company has been touted as a
takeover candidate in the past and the stellar data could
reassure potential investors that the firm’s long-term growth
prospects are on course.