* Shares indicated 3.3% higher
(Recasts, adds analyst, shares)
* Company expects full year operating profit around 2019
ZURICH Logitech International shares led Europe's gainers on Tuesday as the computer peripherals maker reported a big jump in second-quarter profit and again hiked its guidance amid a work-from-home boom. | Video
ZURICH, Oct 20 The COVID-19 pandemic has boosted
business for Logitech International as people forced to
shun their workplaces splash out on its computer keyboards, mice
and webcams to kit out makeshift offices at home.
ZURICH Switzerland announced tighter restrictions on Sunday to tackle the second wave of the coronavirus hitting the country, including a nation-wide obligation to wear masks and a ban on large scale public gatherings.
* Swiss economy has strong Q2 upswing after restrictions
ZURICH Siemens does not see an urgent need for massive acquisitions to build up its size again after floating its turbine business Siemens Energy on Monday, a source close to the company said.
ZURICH The power grids business Hitachi bought from ABB for $11 billion is likely to hit the upper end of its 2025 targets despite the effects of a coronavirus downturn over the next two years, Chief Executive Claudio Facchin said.