SIX Swiss Exchange

Logitech (SWX: LOGN) said that its quarterly sales came in 13.6% higher on Tuesday. Its computer products, the company added, were greatly in demand in the recent quarter as the Coronavirus pandemic pushed companies into resorting to work from home arrangements. Logitech said that its software, video conferencing equipment, and webcams saw a sharp increase in demand as governments ordered schools and offices to temporarily shut down to minimize t...

UBS (SWX: UBSG) announced a 40% year over year increase in its first-quarter profit on Tuesday. The higher market volatility in recent months, as per UBS, increased trading volumes in Q1 that contributed the most to its upbeat quarterly performance. At £1.28 billion, the bank’s net profit came in stronger than £880 million in the comparable quarter of 2019. UBS also said on Tuesday that its operating income in the first quarter...

Credit Suisse Group (SWX: CSGN) said on Thursday that its net quarterly profit came out 75% higher under its new Chief Executive Officer, Thomas Gottstein. At £1.09 billion, the bank’s net income in the first quarter that ended on 31st March was significantly higher than £607 million in the same quarter last year. Credit Suisse Set Aside £473 Million For Loan Losses Credit Suisse, however, warned that the uncertainty ascri...

The Coronavirus pandemic pushed several financial institutes in Europe into suspending dividends. Following excessive pressure from authorities, Credit Suisse (SWX:CSGN) and UBS (SWX:UBSG) have also submitted to delaying the lenders’ payout until later in 2020. The regulators have been actively recommending the European lenders to focus on directing their profits and capital to support the economy. While many of the prominent banks had comp...

In an announcement on Thursday, the world’s largest food company, Nestle (SWX:NESN) said that it would pay its employees their full salaries during business disruptions ascribed to the Coronavirus pandemic to minimize the economic burden on their shoulders. Nestle also said that retrospectively starting from March 16th, it will increase the hourly wage for its on-duty workers in the Canadian factory and distribution center by £2.5. Th...

The global community is coming together to tackle the economic impact of the Coronavirus emergency. In recent news, Handelszeitung reported that the major lenders of Switzerland have joined hands to devise a loan program worth over £17 billion directed at the small businesses that are facing a crisis due to the Coronavirus driven disruptions. CEO Thomas Gottstein Of Credit Suisse To Lead The Proposal According to the newspaper that didn&rsq...