Lonza’s shares fell almost 7% on news the CEO would depart at the end of September, which RBC described as unexpected and was unlikely to provide the market with confidence heading into next month’s capital-markets day.
Moscow seeks the return of a covert operative serving a life sentence in Germany, possibly in exchange for Wall Street Journal reporter Evan Gershkovich and others held by Russia.
Germany’s industrial output declined 0.8% in July, further dampening hopes of a manufacturing rebound in the country as global demand for its goods weakens.
Not only has UBS notched a huge profit during the second quarter by buying its rival Swiss bank, but it looks like it will keep the best bits of it no matter what politicians say.
German consumer sentiment is forecast to deteriorate in September, with the GfK forward-looking index at a slightly-below consensus minus 25.5, reflecting gloomier income expectations and prospects for the country’s economy.