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United Kingdom

John Revill

ABB CEO steps down abruptly in middle of group's overhaul

17 Apr 2019

ZURICH ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation.

UPDATE 1-Stadler Rail IPO price range narrows amid good demand - source

09 Apr 2019

ZURICH, April 9 The price range for the flotation of Swiss company Stadler Rail has narrowed to 36 to 39 Swiss francs ($36.03 to $39.03) per share, towards the top end of the indicated price range, according to a person familiar with the matter.

UPDATE 2-Sika highlights tougher market conditions as sales growth eases

09 Apr 2019

* Shares edge lower (rewrites, adding CEO comments, share price, analyst)

Swiss set to approve tax overhaul in 'existential' vote

05 Apr 2019

ZURICH Nearly two-thirds of Swiss voters look set to approve a shake-up of the country's corporate tax system, heading off what its finance minister called an existential threat to Switzerland's role as a business hub.

Roche says $4.3 billion Spark offer still on track for June completion

03 Apr 2019

ZURICH Roche Holding said its effort to expand in gene therapy via the $4.3 billion takeover of Spark Therapeutics remained on track despite failing to get enough votes to clinch the deal and as U.S. regulators continued scrutinizing it.

SNB's Maechler sticks to loose policy as franc hits 20-month high

28 Mar 2019

ZURICH, March 28 The Swiss National Bank remains committed to its expansive monetary policy to tackle the "highly-valued" Swiss, governing board member Andrea Maechler said on Thursday, as the safe-haven currency hit its highest value against the euro in 20 months.

Siemens turns to China's SPIC to help turn around gas turbines

26 Mar 2019

ZURICH Siemens and China's State Power Investment Corp (SPIC) plan to co-operate on energy plants in the latest move by the German engineering company to revive its ailing gas turbines business.

UPDATE 2-Siemens turns to China's SPIC to help turn around gas turbines

26 Mar 2019

* CEO Kaeser says both companies want deeper partnership (Rewrites, adding detail, background)

Dovish Swiss National Bank raises global trade and Brexit worries

21 Mar 2019

ZURICH Swiss National Bank Chairman Thomas Jordan said increasing global economic risks such as Brexit and U.S.-Chinese trade tensions meant the central bank will stick to its ultra-loose monetary policy for the foreseeable future.

Swiss trainmaker Stadler plans flotation as billionaire owner cuts stake

19 Mar 2019

ZURICH Switzerland's Stadler Rail will float on the SIX Swiss Exchange in the next few months, the train builder said on Tuesday, selling shares from the 80 percent stake owned by billionaire Peter Spuhler.

World News

Yellow vest demonstrators, police clash in Paris

Clashes broke out between dozens of demonstrators and police in Paris on the 23rd Saturday of yellow-vest protests after authorities warned that rioters could return to the French capital to spark a new wave of violence.