Schlatter: Further increase in order intake - strong Swiss franc has a major impact. The Schlatter Group posted another significant increase in order intake in the third quarter of 2011, which came in at CHF 103.2 million for the first nine months of the current financial year, up 27.4% on the prior-year period (CHF 81.0 million). Link: Click Here

Charles Vögele defines new group management structure and amends brand strategy. As part of the ongoing development of its 3-pillar strategy, Group Management and the Board of Directors have redefined the structure of Group Management and approved an amended brand strategy. The operative result of the second half of the 2011 financial year will be clearly weaker compared with the first half. Link: Click Here

gategroup Provides Outlook Given Industry Uncertainty. Given recent public statements by industry bodies, such as the International Air Transport Association (IATA) and major airlines, regarding the current uncertainty in the global economy and weakening prospects for the airline industry, gategroup is providing the following update based on ongoing developments. Link: Click Here

Roche purchases shares in tender offer for Anadys Pharmaceuticals. Roche announced that its wholly owned subsidiary Bryce Acquisition Corporation has accepted for payment all shares validly tendered pursuant to its tender offer for all outstanding shares of common stock of Anadys Pharmaceuticals, Inc. (NASDAQ: ANDS) at $3.70 per share in cash. Link: Click Here
 

The Datwyler Group’s Sealing Technologies Division, packaging segment, is continuing to significantly expand its successful collaboration with Nespresso. The new agreement will run for the next five years until the end of 2016. Its implementation will create some 50 new jobs at Datwyler’s  Schattdorf facility in Switzerland. Link: Click Here

Kardex Remstar streamlining its organisation in the USA. Kardex AG’s Remstar division is streamlining its structures in the USA. The production site at Lewistown will be closed down toward the end of the first half of 2012. The Westbrook facility where currently the US Sales office is located, will become the logistics centre for the USA. Link: Click Here

Embraer and Kuehne + Nagel extend partnership and establish distribution center in Dubai. At the Dubai Airshow, Embraer and Kuehne + Nagel announced the extension of their global partnership to include the set-up of a logistics hub for the Middle East and Africa region. The hub will be located in Kuehne + Nagel’s logistics centre in Dubai Logistics City (DLC), offering spare parts logistics for the Embraer commercial aviation fleet. Link: Click Here



Economy
********

The IMF has announced a new lending facility: the Precautionary and Liquidity Line (PLL). The PLL replaces the Precautionary Credit Line (PCL) and could be aimed at euro area countries such as Italy and/or Spain. An important difference to the PCL is that it can be used either as a liquidity window for six-month period or alternatively under a 12 to 24-month arrangement with maximum lending capacity of 500% of a member's quota for the first year and up to 1000% of quota for the second year (the latter of which could also be brought forward to the first year where needed, following an IMF's Board review). Link: Click Here

Euro area consumer confidence edged down only moderately; private consumption likely to fall in Q4. Euro area November "flash" consumer confidence decreased from -19.9 to -20.4 (Barclays Capital:-21.0; no consensus). Although this marks the fifth consecutive decline, today's outturn is the smallest (-0.5) since July 2011. The average decline over the past five months is still nevertheless -2.1 points. Link: Click Here

Euro area bank deleveraging: How much and how painful? The view from the banks – How much? We believe EU/EBA pressures to raise capital ratios ahead of the June 2012 deadline, combined with dislocated funding markets, raise the risk of deleveraging across the European bank sector; depending on the ability to rely on earnings generation, this deleveraging could total between €0.5trn and €3trn, up to 10% of eurozone bank assets. Link: Click Here