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Sandoz legal costs weigh down profits
2026-08-05
Swiss generic drugs giant Sandoz saw profits plummet by 70% in the first six months of the year as a result of huge legal costs. Profits slumped to $109 million after the company was fined around $480 million in the United States. The Rhine-based multinational had previously set aside provisions for this anticipated legal cost. …
Nestlé investing CHF520m in Italian animal feed plant
2026-07-20
Swiss food manufacturer Nestlé is expanding its pet food business and investing around CHF520 million in a factory and logistics centre in northern Italy. From 2029, the site will serve as a hub for wet food for dogs and cats, as well as providing logistics services for Purina and other Nestlé brands. The new plant …
EC clears Zurich insurer to buy British specialist Beazley
2026-07-07
The Zurich Insurance Group has received the green light from the European Commission (EC) to acquire the British specialist insurer Beazley. The EC approved the acquisition under a simplified merger control procedure, as it announced on Tuesday. The EC went on to state that the proposed transaction did not raise any competition concerns, as the …
Swiss manufacturer Georg Fischer sells turbine and aerospace foundry
2026-07-07
Swiss manufacturer Georg Fischer is selling its precision casting business for the aerospace sector and the industrial gas turbine business to United States group CPP. The business division currently employs around 600 people. Georg Fischer expects the sale to generate cash inflows of around CHF220 million. This is intended to further reduce net debt. The …
Switzerland forms military purchasing pact with Austria
2026-07-07
Switzerland intends to step up its cooperation with Austria when buying military equipment. The aim is to make the procurement of defence equipment more cost-effective and efficient, said Swiss defence minister Martin Pfister. + Is the Swiss weapons industry in danger of misfiring? “We are only just at the beginning of joint procurement in Europe,” …
Switzerland hit by stricter EU steel import rules
2026-04-14
The Swiss steel industry is facing tougher European tariffs after the European Union tightened import rules to protect the industry. +Get the most important news from Switzerland in your inbox EU member states and parliament have agrred that in future the duty-free import volume for steel will be limited to 18.3 million tonnes per year, …
Switzerland eases egg import restrictions to meet rising demand
2026-04-01
The Swiss government will allow an extra 240 million eggs to be imported into the country with reduced tariffs from May 1. +Get the most important news from Switzerland in your inbox The Federal Council is allowing more cheaper egg imports at the request of the Swiss egg industry to meet increased demand. The quota …
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