The Local Switzerland

Leading Swiss retailer axes 290 jobs

Fri, 29 Jun 2018 12:41:35 +0200

Migros, the biggest retailer in Switzerland, has announced it will cut 290 full-time jobs over the next three years following a drop in profit.

Swatch shares plummet after drop in sales

Fri, 15 Jul 2016 16:36:58 +0200

Shares in Swatch plunged more than 11 percent on Friday after the Swiss watch group warned that sales had slumped and profit had plunged in the first half of the year.

Glencore announces loss of $5 billion in 2015

Tue, 01 Mar 2016 10:05:04 +0100

Debt-laden mining and commodities giant Glencore on Monday reported results deep in the red for 2015 due to plunging prices for metals and oil.

Nestle profits dip after instant noodle recall

Thu, 13 Aug 2015 12:45:31 +0200

Swiss food giant Nestle announced on Thursday slightly lower first half profits compared to last year, with the strong Swiss franc and the recall in India of Maggi instant noodles undercutting robust sales.

Credit Suisse reports billion franc profit

Thu, 23 Jul 2015 10:58:15 +0200

The new chief executive at banking giant Credit Suisse had good news to report on Thursday – a higher than expected profit in the second quarter.

Swiss group Nestlé posts huge profits for 2014

Thu, 19 Feb 2015 12:22:00 +0100

The world's leading food industry group, Switzerland-based Nestlé, on Thursday posted a soaring net profit for 2014, boosted by the sell-off of its stake in French cosmetics group L'Oréal, even as sales slipped.

Gold reserves boost Swiss national profits

Fri, 31 Oct 2014 13:15:21 +0100

The Swiss central bank reported a profit equivalent to 23.6 billion euros for the first nine months of the year on gains from currency trading and a rise in the value of its gold reserves.

Price-wary shoppers push down Nestlé profits

Thu, 08 Aug 2013 13:44:00 +0200

Swiss food giant Nestlé says it suffered from weak consumer confidence in developed countries in the first six months of the year and from slowing growth in emerging economies.

Swisscom results show big drop in profit

Wed, 07 Aug 2013 14:05:00 +0200

Two weeks after the shock suicide of CEO Carsten Schloter, telecoms giant Swisscom has presented its results for the first six months of the year.

UBS surprises with high first quarter profit

Tue, 30 Apr 2013 10:40:00 +0200

Swiss big bank UBS has reported a net profit of 988 million francs in the first three months of the year, far more than analysts had expected.

SNB records higher profit than expected

Thu, 07 Mar 2013 11:22:00 +0100

The Swiss National Bank (SNB) has reported a profit of 6.9 billion francs in 2012 – one billion more than estimated in January.

Mining giant sees profits soar

Tue, 02 Aug 2011 17:08:30 +0200

Anglo-Swiss mining giant Xstrata said Tuesday its first half net profit jumped 27 percent to $2.9 billion (€2.0 billion) and that it expected even better earnings for the second half.