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Swiss companies commit to science based targets for CO2 reduction

A total of 224 Swiss companies have committed to CO2 reduction targets aligned with the Paris Climate Agreement by joining the Science Based Targets initiative (SBTi). This includes major corporations like ABB, Givaudan, and Nestlé, with over 80 new members since the start of the year. Only three companies have withdrawn from the initiative.

Swiss stock market shows minimal movement amid mixed corporate earnings and monetary policy concerns

Swiss stock exchange rallies as oil prices rise and key stocks gain

The Swiss stock exchange started the week positively, with the SMI Guiding Values Index rising 1.51% to 7982.44 points, while the SPI gained 1.50% to 8311.73 points. The market's optimism is fueled by increasing oil prices, benefiting companies like Transocean and cyclical stocks such as ABB and Adecco. Notable gains were also seen in banking and insurance sectors, with UBS and Swiss Re performing well, while EFG International faced a decline after announcing its acquisition of BSI.
20:10 08.11.2024

nestlé presents strong dividend potential despite recent share price decline

Nestlé, the world's largest food manufacturer, has maintained its dividend since 1959, increasing it annually for 29 years. Despite a 30% drop in share value since late 2021, experts suggest the worst is over, with a potential slight increase in the 2024 dividend yield expected at around 3.5%. The company remains solidly financed and a market leader in many segments, presenting a favorable entry point for investors.
18:00 24.10.2024
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