Equities
Ohmyhome to execute 1-for-50 reverse stock split on Aug. 31
Singapore-based digital marketing firm Ohmyhome will consolidate every 50 shares into one effective Aug. 31, reducing outstanding shares from 96.4 million to roughly 1.9 million. Trading resumes Monday under a new CUSIP.
Swiss SMI dips 1% as Nestlé, Novartis, Roche weigh; Gurit surges 10%
Heavyweights drag Switzerland’s blue-chip index lower while Gurit jumps on strong earnings. Investors eye Jackson Hole for Fed clues amid elevated inflation and geopolitical risks.
Accelleron H1 2026 revenue rises 21%, lifts full-year outlook
Swiss turbocharger maker Accelleron Industries reported a 21% year-over-year revenue increase in H1 2026, with net income up 32% and an upgraded organic growth forecast. Shares rose 3.3% to $80.45.
Swiss SMI falls 0.8% as Nestlé, Novartis, Roche weigh; Gurit jumps 10%
Defensive heavyweights drag Switzerland's blue-chip index lower while chip-linked stocks rise on Nvidia earnings. Brent and WTI oil prices drop over 6% in a week amid Hormuz Strait talks.
EVN posts 21% rise in Q1-Q3 net profit on strong networks performance
Austrian utility EVN AG reported a 21% year-over-year increase in group net profit to €525.1 million for the first nine months of fiscal 2025/26, driven by gains in its networks segment despite declines in generation.
StorageVault closes C$81.6 million storage asset acquisitions
Three properties acquired via joint venture with Woodbourne and one solely owned, expanding portfolio to 275 units across Canada. StorageVault to manage 32 third-party units.
Urner Kantonalbank posts 13.3% profit drop on Kamuno writedown
Swiss regional lender’s first-half profit fell to 8.9 million francs as a 13.3 million-franc Kamuno impairment offset growth in core lending and fee income.
European stocks edge lower as AI demand optimism fades
European equities slipped after Nvidia's strong results as investors reassessed AI hardware demand and macro headwinds weighed on broader markets. German consumer sentiment improved slightly ahead of September.
Swiss stocks rise pre-market; Accelleron surges on Nvidia-linked demand
SMI futures up 0.08% as Accelleron leads gains after strong half-year results. Brent and WTI oil drop over 1% on Hormuz Strait opening talks. Nvidia’s AI-driven rally boosts semiconductor suppliers.
Nvidia lifts global stocks after forecasting 70% revenue jump
AI chip giant Nvidia surged in after-hours trade after forecasting a 70% revenue increase and agreeing to a $12.9 billion acquisition. Asian and European futures rose as Brent crude fell ahead of Middle East talks.
Citi warns on European bank stock upside as sector rallies stall
Analysts at Citi downgrade outlook for European lenders despite strong 2026 gains, citing stretched valuations and ECB rate hike risks. HSBC, Santander and BNP Paribas among top performers.
EssilorLuxottica shares fall 40% in 2026 as smartglasses controversy weighs
Analysts see 56% upside to stock after 40% year-to-date decline, though governance and privacy concerns persist. Revenue growth slowed while margins contracted.
Swiss equities rise as SMI gains 0.14% amid mixed sector moves
The Swiss Market Index advances modestly, supported by lower oil prices and U.S. equity strength. SoftwareOne and Stadler Rail shares surge on earnings beats, while Amrize leads decliners after record low.
SoftwareOne posts 68% revenue jump, Crayon integration nears completion
Swiss cloud and software provider SoftwareOne reports strong H1 2026 results, with revenue up 68% to CHF818M, though organic growth adjusted for Crayon stands at 11.6%. Net profit rises to CHF70.6M, EBITDA margin expands to 28.9%.
European stocks edge up as Geberit surges on earnings
DAX flat at 26,126 as chip stocks lag; Geberit jumps 8.4% on Q2 beat; ten-year Bund yields hit 11-year high of 3.25%.
Swiss stocks open higher as SMI gains 0.14% on mixed sector moves
SMI advances to 14,538 points with UBS and Amrize among top gainers, while Kühne+Nagel, Lonza and Alcon lag behind. Brent crude falls 2.5% to $86.35 amid Iran talks.
German stocks little changed ahead of U.S. inflation data, Nvidia results
DAX slips 0.12% as investors await U.S. PCE data and Nvidia earnings; SAP falls 3.6% on UBS downgrade, Qiagen rises on buyout chatter.
Aroundtown H1 2026 results show steady rental income as debt costs rise
German real estate group reports flat net rental income and 2.7% like-for-like growth, while finance expenses climb 26% and FFO declines 4% in first half.
Gurit raises H1 2026 outlook, shares surge 19.45% on earnings
Swiss composites maker Gurit upgraded its full-year 2026 sales and margin guidance after posting a 16% rise in continuing operations revenue for H1 2026, with adjusted operating profit up 82% to CHF 16.9 million.
Stadler Rail posts record H1 2026 revenue but shares drop 22%
Swiss train maker Stadler Rail reported a 40% revenue jump to CHF 1.96 billion in H1 2026, yet its shares fell 22% as investors focused on weaker margins and negative free cash flow.
Stadler Rail posts 40% revenue growth in H1 2026, shares drop 22%
Swiss train maker reports record first-half revenue and order intake, but shares fall after margin guidance misses expectations. Berlin plant to break even in 2027.
German stocks little changed as oil slide offsets SAP losses
DAX holds near record levels ahead of U.S. inflation data and Nvidia earnings; SAP drops on UBS downgrade as oil rout eases inflation concerns.
Swiss SMI gains 0.5% as construction, tech stocks lead gains
SMI advances toward record high as Amrize, Holcim and Stadler Rail surge; Roche and Novartis weigh on index. Nvidia earnings awaited after U.S. and Asian gains.
Stadler Rail shares surge 18% after strong half-year results
Swiss trainmaker posts 40% revenue growth, EBIT more than doubles, as stock rebounds from 2022 lows. Analysts upgrade outlook.