Caroline's Feed
Aug 30, 2013

Zurich Insurance looking if undue pressure put on suicide CFO

ZURICH (Reuters) – Zurich Insurance Group will investigate whether excessive pressure was put on the company’s finance chief ahead of his apparent suicide, the company’s acting chairman said on Friday.

Europe’s third-largest insurer has been thrown into disarray by the death of Pierre Wauthier on Monday and the subsequent resignation of its chairman, former Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) boss Josef Ackermann, three days later.

Aug 27, 2013

Roche looks to replicate cancer success with eye drugs

ZURICH, Aug 27 (Reuters) – Positive results for Roche’s
experimental eye drug should bolster its position in
the multibillion-dollar-a-year market for vision loss
treatments, as it looks to branch out beyond its core cancer
expertise.

After scrapping drugs to treat diabetes and boost levels of
“good” high-density cholesterol, the world’s largest maker of
cancer drugs is hoping to prove it has a stronger hand when it
comes to developing treatments for the eyes.

Aug 22, 2013

Nobel Biocare sales grow for first time in two years

ZURICH, Aug 22 (Reuters) – Swiss dental implant maker Nobel
Biocare Holding stuck to a forecast for higher market
share and revenue in 2013 after chalking up its first quarterly
sales growth at constant exchange rates in two years.

Dental implant makers have grappled with falling sales and
profit margins as cash-strapped consumers cut back on cosmetic
dentistry, which is generally not reimbursed by insurers.

Aug 20, 2013

Straumann signals appetite for low-cost dental players

ZURICH, Aug 20 (Reuters) – Straumann, the world’s
largest maker of dental implants, could spend over $400 million
on buying cheaper rivals, signalling a desire to grab back
market share from low-cost competitors.

Faced with sluggish demand in its main market of Europe,
analysts and investors have urged Straumann and fellow premium
rival Nobel Biocare to develop cheaper brands to
compete in the fast-growing area of the market, which now
accounts for roughly 60 percent of volumes.

Aug 14, 2013

Novartis chairman floats idea of business review to appease investors

ZURICH, Aug 14 (Reuters) – Less than two weeks into the job,
Novartis AG’s new chairman is seeking to appease
investors by suggesting the Swiss drugmaker will review some of
its underperforming businesses in coming weeks.

Global drugmakers have stepped up the pace of restructuring,
as investors clamour for management to unlock value trapped
inside large firms.

Aug 8, 2013

Adecco sees European labor markets at turning point

ZURICH (Reuters) – European labor markets have reached a turning point, world No. 1 staffing firm Adecco (ADEN.VX: Quote, Profile, Research, Stock Buzz) said on Thursday, as it beat second-quarter profit expectations and saw its shares surge to a two-and-a-half year high.

Staffing firms are regarded by analysts as good indicators of future economic trends and Adecco’s more optimistic tone about the euro zone could add to expectations it will move out of recession later this year.

Aug 7, 2013

Venture capital warms to European biotechs

ZURICH (Reuters) – While a wave of stock market enthusiasm in the United States for biotech company flotations has yet to cross the Atlantic, venture capital appetite for promising European companies is returning.

Biotech is hot on Wall Street, with the Nasdaq sector index up 43 percent this year, listed U.S. stocks scaling all-time highs and roughly 23 biotech companies going public.

Jul 25, 2013

Roche tops forecast as new cancer drugs gain momentum

BASEL, Switzerland, July 25 (Reuters) – Swiss
pharmaceuticals firm Roche beat first-half profit
forecasts as strong sales of its mainstay cancer drugs and some
new treatments supported its view that it can withstand
competition from cheap, copycat drugmakers.

The results also stoked speculation the group might hike its
dividend, buy back shares and make more acquisitions as it looks
to diversify from its core expertise in cancer.

Jul 24, 2013

Cold, wet spring weighs on Syngenta first-half results

ZURICH, July 24 (Reuters) – Syngenta AG, the
world’s largest maker of crop chemicals, said on Wednesday it
expected underlying sales growth to pick up pace in the second
half of the year, after a cold, wet spring hit earnings in the
first six months.

Syngenta said it was confident high commodity prices would
encourage farmers to invest in crops in the second half of the
year, when demand is driven by South American farmers, and help
its 2013 sales surpass last year’s record of $14.2 billion.

Jul 23, 2013

Swatch expects Chinese to buy more Omega watches

ZURICH (Reuters) – The world’s biggest watchmaker, Swatch Group (UHR.VX: Quote, Profile, Research, Stock Buzz), said it expects faster sales growth and better margins in the second half as its Omega brand is growing again in China while demand for Harry Winston jewellery is buoyant.

In the first half of the year, there have been double-digit percentage falls in Swiss watch exports to China and Hong Kong, which absorbed a quarter of the timepieces that left Switzerland between January and June.