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Michael Shields

Stadler Rail jumps to first-day premium after Swiss flotation

12 Apr 2019

ZURICH Shares in Stadler Rail surged on Friday as investors piled in to an oversubscribed initial public offering (IPO) that valued the Swiss trainmaker at around $3.8 billion and made more than a billion Swiss francs for Chairman Peter Spuhler.

Engineers develop cheap, simple tests for car emissions

15 Mar 2019

DUEBENDORF, Switzerland Engineers working to tackle carcinogenic pollution from cars have developed cheap and simple devices to test the effectiveness of particle filters, which could help take toxic vehicles off roads without resorting to blanket bans.

UPDATE 2-GAM expects another challenging year, sacks suspended director

21 Feb 2019

* Shares fall more than 8 pct before paring losses (Adds comments from call, market reaction)

Swiss voters reject plan to curb urban sprawl

11 Feb 2019

ZURICH Swiss voters rejected on Sunday a proposal to limit urban sprawl by freezing the size of construction zones, rebuffing a plea from environmentalists to protect open spaces from the advance of bulldozers.

Zurich Insurance sets higher dividend floor after strong profits

07 Feb 2019

ZURICH Zurich Insurance announced a dividend increase on Thursday following a 24 percent jump in annual profit, and said that would set a floor for future payouts.

Weak iPhone demand prompts AMS to suspend dividend, avoid full-year outlook

05 Feb 2019

VIENNA/ZURICH AMS, which supplies Apple with sensors for its Face ID technology, disappointed investors with a 58 percent decline in fourth quarter core profit, its guidance and the suspension of a dividend payment for 2018.

Kuehne & Nagel leaves Panalpina bid to DSV

24 Jan 2019

ZURICH Kuehne und Nagel International AG is not seeking a mega-merger with Panalpina , the target of a $4 billion-plus approach from Denmark's DSV , majority shareholder Klaus-Michael Kuehne told the Handelszeitung paper.

Embattled asset manager GAM warns on profit, cuts staff, dividend

13 Dec 2018

ZURICH/LONDON GAM Holding AG said it would cut 10 percent of its staff and ditch its dividend as it warned it would slide to a net loss this year, sending shares in the Swiss asset manager down 30 percent.

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