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Willbe, an investment app launched by Liechtensteinische Landesbank, offers sustainable investment options with attractive interest rates: 3.30% for euro deposits up to €50,000. While deposits are protected up to 100,000 Swiss francs, investors must declare interest income in their tax returns. Alternatives like Trade Republic and Freedom24 provide competitive rates and features, appealing to savers seeking flexibility and sustainability.
St. Galler Kantonalbank AG, with a market capitalization of CHF 2.48 billion, reported a decline in net interest income to CHF 167.67 million and net profit to CHF 100.44 million for the first half of 2024. Despite this, it maintains a strong dividend yield of 4.58% and a sustainable payout ratio of 57.1%. The bank's shares may be undervalued, and it ranks among the top dividend stocks on the SIX Swiss Exchange.
Daiken Medical is poised for international expansion, focusing on Europe and North America while enhancing its R&D investments in drug delivery systems and AI integration. With a strong domestic market presence and a commitment to quality, the company aims to become a global leader in niche medical devices, improving patient outcomes and healthcare accessibility.
The UK has officially shut down its last coal-fired power plant, marking a significant transition from coal to cleaner energy sources. While countries like the UK, Germany, and the US have made strides in reducing coal dependency, nations such as China and India continue to expand their coal power capacity amid rising electricity demands. Despite the global push for cleaner energy, coal remains a dominant power source, meeting about 35% of global energy needs.
Weak trading in Zurich saw the SPI index drop 0.20% to 16,290.51 points at the start of Monday, with a market capitalization of €2.200 trillion. The index has risen 11.81% since the beginning of 2024, with a high of 16,557.98 points and a low of 14,455.60 points this year. Curatis led gains with a 6.86% increase, while Meyer Burger Technology faced the largest decline at -10.98%.
Investors are advised to reduce their exposure to the US dollar as it is expected to weaken further due to narrowing interest rate advantages and concerns over the fiscal deficit. Recommended strategies include hedging dollar assets and diversifying into currencies like the euro, British pound, and Australian dollar, as well as allocating up to 5% to gold.
Glarner Kantonalbank recently awarded the Glarus Sustainability Award 2024 to Circus Mugg, highlighting its commitment to sustainability. Despite this positive development, the bank's share price remains stable at EUR 22.30, with a market capitalization of EUR 301.1 million and a P/E ratio of 10.45. The bank is also set to install photovoltaic systems to enhance its renewable energy efforts, maintaining an attractive dividend yield of 5.09% for investors.
Wolford AG, a prominent manufacturer of legwear and lingerie, is grappling with significant financial challenges, reflected in its current share price of EUR 3.08, down 33.76% from the previous year. Analysts predict a negative cash flow of EUR 8 million and a net loss of EUR 30.8 million for 2024, indicating ongoing operational difficulties. The short-term outlook remains cautious, with potential restructuring and global demand for luxury textiles being critical to future performance.
UBS Chairman Colm Kelleher defended CEO Sergio Ermotti's salary, emphasizing that it reflects the challenging circumstances he faced compared to his predecessor. Kelleher expressed disappointment over public backlash and criticized Finma for its lack of assertiveness during Credit Suisse's downfall, highlighting the need for proactive regulatory measures. He also stated that increasing capital requirements could jeopardize Switzerland's status as a key financial center, but affirmed UBS's commitment to remaining in the country.
Berner Kantonalbank (BEKN) demonstrates stable performance amid market volatility, with a current share price of EUR 244.50, reflecting a slight monthly loss of 0.61% but remaining 2.86% above its 52-week low. The bank's solid fundamentals, including a price/earnings ratio of 13.03 and a dividend yield of 4.13%, highlight its attractiveness to investors. As attention turns to the upcoming quarterly statement in January 2025, shareholders are urged to consider their positions in light of recent analyses.
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