| Zurich Market Talk - 16-01-2012 |
| 16.01.12 07:57 | |
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Lindt & Sprüngli performed strongly with consolidated annual sales of CHF 2.49 billion in a challenging economic environment. Its growth rate again outstripped that of the chocolate market as a whole with further significant market share gains. In a very difficult market environment, the remarkable organic growth of 6% was mainly achieved by an impressive presence at the point of sale as well as by successful innovations. Link: Click Here Richemont: Slowdown in sales growth relative to the first six months of the current financial year reflects a combination of more demanding comparative figures as well as the volatile and challenging economic environment. Sales in the month of December were 21 % above the prior period at actual and constant exchange rates. Link: Click Here Holcim: As a consequence of the decrease in demand for construction materials in some regions, Holcim is making value adjustments. Since the financial crisis in 2008, cement consumption in Spain has decreased by 65 percent, in parts of Eastern Europe by 30 percent, and in the US by 45 percent. Link: Click Here gategroup Wins Virgin Atlantic's In-flight UK Catering Business. gategroup, the world's leading independent provider of onboard products and services, has finalized an agreement with Virgin Atlantic Airways to provide a full end-to-end catering service for the airline's long-haul operations from its UK stations, London Heathrow, London Gatwick, Manchester and Glasgow. Link: Click Here Oerlikon Solar’s 2nd generation ThinFab presented in Abu Dhabi today delivers 23 % investment cost reduction and 17 % higher capacity. Abu Dhabi (United Arab Emirates) / Truebbach (Switzerland), January 16, 2012 - Oerlikon Solar presented its 2nd generation ThinFabTM at the World Future Energy Summit 2012 (WFES) in Abu Dhabi today. This end-to-end production line resets the standard for manufacturing sustainable solar modules at low cost and high quality. Link: Click Here Huber+Suhner: Continued organic growth - net sales decline in Swiss francs. The financial year 2011 was characterised by extreme disruptions in the currency markets, strong dynamic growth in the first half-year, and a perceptible decrease in demand in the second term, especially in the solar market and Chinese railway business. Following a weaker start, Fiber Optic applications showed an increasingly positive trend during the course of the year. Link: Click Here Economy ******** Most of the S&P rating downgrades had been expected and priced into the market to a large extent, even in fact before the early December S&P announcement. This has been the case to a certain extent recently, as markets have typically moved in anticipation of rating actions and the actual announcements have had limited impact (eg, on Belgium or Spain recently). Link: Click Here France's Unsolicited Long-Term Ratings Lowered To 'AA+'; Outlook Negative. Standard & Poor's is lowering its unsolicited long-term sovereign credit rating on the Republic of France to 'AA+'. At the same time, we are affirming our unsolicited short-term sovereign credit rating on France at 'A-1+'. The downgrade reflects our opinion of the impact of deepening political, financial, and monetary problems within the eurozone, with which France is closely integrated. The outlook on the long-term rating is negative. Link: Click Here S&P: have lowered the long-term ratings on Cyprus, Italy, Portugal, and Spain by two notches; lowered the long-term ratings on Austria, France, Malta, Slovakia, and Slovenia, by one notch; and affirmed the long-term ratings on Belgium, Estonia, Finland, Germany, Ireland, Luxembourg, and the Netherlands. Link: Click Here |
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