UBS has upgraded Sensirion's rating from "sell" to "buy," raising the price target from CHF 68 to CHF 84. The analyst notes positive signs of an end to destocking and anticipates growth in the high-margin medical technology division by 2025, while the industrial division is already seeing improved demand for air purifiers in early 2024.
09:00 27.09.2024
UBS faces trial alongside two co-defendants in a money laundering appeal linked to the Bulgarian mafia, following its acquisition of Credit Suisse. The Federal Criminal Court rejected UBS's argument that the merger should end the proceedings, emphasizing that it inherited all legal responsibilities. Credit Suisse had previously been fined for failing to monitor its banking relationships with the Banev clan, leading to a conviction for aggravated money laundering.
09:00 27.09.2024
On September 20, 2024, the Federal Councillor for Finance, alongside colleagues from Energy and Home Affairs, unveiled the key elements of a budget reduction program. This initiative follows a report from a group of experts aimed at restoring balance to public finances amid rising financing needs in the coming years.
09:00 27.09.2024
VP Bank Group's Annual Report 2023 secured third place in the Swiss Annual Report Rating, affirming its high-quality corporate communications and creative design. This marks the third podium finish in five years, evaluated among 235 companies, highlighting the importance of integrating financial and non-financial information. Daniela Jenni, Head of Corporate Communications, emphasized the value of reporting as a dialogue opportunity with stakeholders.
09:00 27.09.2024
Regula Berger will become the CEO and Chairwoman of the Group Executive Board at Basler Kantonalbank on March 1, 2025, succeeding Basil Heeb, who is leaving at his own request. With six years at the bank, Berger brings extensive professional expertise and strong leadership skills, having previously worked at Zürcher Kantonalbank and the Swiss Takeover Board. Chairman Adrian Bult expressed confidence in her ability to drive the bank's next strategic phase.
09:00 27.09.2024
Luzerner Kantonalbank's share price has been on a downward trend for several years. CFO Marcel Hurschler addressed the media in Lucerne, discussing potential reasons for this decline and outlining possible countermeasures to stabilize the situation.
09:00 27.09.2024
The share price of Luzerner Kantonalbank has been on a continuous decline, raising concerns among shareholders. Chief Financial Officer Marcel Hurschler has addressed the situation, discussing potential reasons for the drop and outlining possible countermeasures to stabilize the stock.
09:00 27.09.2024
Copper prices have experienced their highest weekly gain in over four months, driven by anticipated economic stimulus from the Chinese government, which plans to issue two trillion yuan in bonds. Investors are optimistic as China aims to cut interest rates vigorously to boost its economy and address real estate market challenges. However, with prices at ambitious levels, further profit-taking may occur as the effectiveness of these measures remains to be seen.
IG
09:00 27.09.2024
Luzerner Kantonalbank is facing declining share prices, prompting the bank to engage more actively with institutional investors to clarify its business model. Despite some progress, the bank's leadership acknowledges that significant challenges remain, particularly amid broader market pressures affecting regional banks. Options to bolster the share price include potential share buybacks and an increased dividend, although the latter's long-term impact is debated.
09:00 27.09.2024
UBS is reportedly in discussions to establish a joint venture focused on wealth management in India, targeting minority ownership. Sources indicate that these talks are part of the bank's strategy to expand its presence in the growing Indian market.
09:00 27.09.2024
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