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News

Swiss industry warns of 'precarious' 2024 as franc weighs

Swiss industry warns of 'precarious' 2024 as franc weighs ZURICH, Feb 29 (Reuters) - The outlook for 2024 is uncertain, a group representing Switzerland's engineering and technology-linked sector warned on Thursday, as Swiss industrial companies wrestle with a strong domestic currency and a slowdown in major markets like Germany. Switzerland's technology sector reported a 2.6% drop in exports last year, said Swissmem, a trade association whose members include engineering groups ABB ABBN.S and Si
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ABB's Voser wants to stay on as chairman to ease CEO transition

ABB's Voser wants to stay on as chairman to ease CEO transition ZURICH, Feb 27 (Reuters) - ABB ABBN.S Chairman Peter Voser wants to keep his role at the Swiss engineering group and oversee the transition to a new chief executive, he told broadcaster TeleZueri in an interview to go out later on Tuesday. ABB last week named company insider Morten Wierod as its next chief executive, replacing Bjorn Rosengren, who will retire at the end of the year.
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Australia's Superloop soars on $306 mln takeover offer from Aussie Broadband

BUZZ-Australia's Superloop soars on $306 mln takeover offer from Aussie Broadband ** Shares of internet broadband provider Superloop Ltd SLC.AX soar as much as 11.4% to A$0.98, their highest since Feb. 22, 2022 ** SLC on track for a fourth straight session of gains; among top gainers in the ASX All Ordinaries index .AORD ** Larger telecom rival Aussie Broadband ABB.AX makes an A$466.6 mln ($306.14 mln) non-binding takeover offer for SLC ** Under takeover offer, SLC shareholders to get 0.21 ABB s
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Jefferies 'fundamentally positive' on Aussie Broadband, raises PT

BUZZ-Jefferies 'fundamentally positive' on Aussie Broadband, raises PT ** Jefferies raises its price target for Australian telecom firm Aussie Broadband ABB.AX , says it has a fundamentally positive view of co seeing a long runway of growth ** Raises price target to A$4.30 from A$4.00, retains "hold" rating ** Lifts group subscribers growth forecas
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Swiss stocks - Factors to watch on February 23

Swiss stocks - Factors to watch on February 23 ZURICH/BERLIN, Feb 23 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Friday: ABB ABBN.S ABB named Morten Wierod as its new chief executive, the Swiss engineering group said, replacing Bjorn Rosengren. nL5N3F81FD ECONOMY Swiss Q4 non-farm payrolls data due at 0730 GMT. Rep
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