Severfield Share Discussion Threads

[roddiemac2] 07/7/2021 13:18

diesel,

The shares are up 5.2p ( 6.58% ) this morning, in vol of 4,671,674----.( a little over 1.5% of the shares in issue )

[diesel] 07/7/2021 12:52

No much activity on this thread despite what appears to be a significant move in share price

[waldron] 07/7/2021 08:06

EURCHF:CUR
EUR-CHF X-RATE
1.0924CHF
-0.0007-0.07%

[la forge] 03/7/2021 06:46

1.0926CHF
-0.0043-0.39%

[waldron] 29/6/2021 07:42

EURCHF:CUR
EUR-CHF X-RATE
1.0960CHF
-0.0007-0.06%

[ariane] 28/6/2021 13:14

1.0970CHF
+0.0025+0.23%

[waldron] 23/6/2021 14:31

swissinfo.ch


Swiss turning to new payment methods, but cash is still king

The use of debit cards continues to increase but cash remains the most popular payment method in Switzerland.

This content was published on June 23, 2021 - 11:10 June 23, 2021 - 11:10
swissinfo.ch/urs

A survey by the Swiss National Bank (SNB) found that 97% of respondents keep cash in their wallets or at home to cover day-to-day expenses, while 92% own a debit card and 78% hold a credit card, according to a press release External linkon Wednesday.

The number of card-holders was up 4% and 15% respectively compared with a previous survey carried out in 2017.

Mobile payment apps are also registering robust growth: 48% of respondents used them last year compared to 11% in 2017.

The shift in payment methods reflects “the fact that the population has become increasingly aware and appreciative of innovations” and that “the coronavirus pandemic has further accelerated the changes”, the SNB said.

The shifts can be observed to “varying degrees” across all population groups.

And “as before, the population does not feel particularly restricted in its choice of payment method,” according to the authors of the report.
More
Why Switzerland is struggling to guarantee pensions for the next generation

Switzerland faces a unique obstacle when it comes to preventing the pension system from collapsing with time.

The most widely used method for settling recurring payments in Switzerland is via online banking transfers.

The survey was conducted among 2,100 people in autumn last year.

[florenceorbis] 20/6/2021 08:25

1.0946CHF
+0.0017+0.15%

[the grumpy old men] 15/6/2021 10:34

Swiss economy tipped for stronger rebound from pandemic



Switzerland’s economy is recovering from the coronavirus pandemic at a faster rate than previously anticipated.

This content was published on June 15, 2021 - 11:07 June 15, 2021 - 11:07
swissinfo.ch/mga

The State Secretariat for Economic Affairs (Seco) painted a brighter picture for economic growth (gross domestic product or GDP) and employment prospects than it had forecast in March.

The predictions have been adjusted for the impact of major sporting events like the ongoing European football championships and the impending Tokyo Olympics. Seco has significantly raised its 2021 sport adjusted GDP growth up to 3.6% from 3% in March.

Seco now believes that the economy will “climb well above the pre-crisis level in the second half of 2021,” it said on TuesdayExternal link. “As a result, companies are predicted to increase their investments and expand their workforces. Short-time working is likely to be reduced gradually and unemployment should fall further.”

The expected unemployment rate has now been tipped to reach 3.1% this year, compared to the 3.3% forecast in March. The jobless rate is also expected to fall further next year to 2.8% but Seco’s sport adjusted GDP forecast for 2022 remains unchanged at +3.3%.
More
Why Switzerland needs workers from abroad

Switzerland is an attractive place to work and the country needs specialists. But work permits can be hard to come by.

Last year, the Swiss economy suffered its worst annual slump since the 1975 oil crisis. Economic growth in the 2020 pandemic year fell by -2.9%.

Positive echoes

Seco’s increased optimism for the future was echoed by independent research group BAK Economics, which last week raised its GDP forecast from 3.4% to 3.9%.

But Seco sounded a note of caution with outbreaks of variant Covid strains still causing problems in some parts of the world. The pandemic is still not beaten and could yet re-emerge to confound the predictions of economists.

Switzerland’s issues with the European Union and proposed changes to international corporate tax rules could also throw a spanner in the works, says Seco.

As important as the rate of recovery is the balance of future growth. Inflation would be a concern if consumer demand outstrips production capacities. A resulting rise in interest rates could adversely impact mortgage borrowers and make it more onerous for companies to pay off debt.

Seco is also keeping a close eye on the number of company insolvencies amid fears that many firms are currently being kept alive through emergency government loans. Once that lifeline expires, the rate of bankruptcies may well increase.

[florenceorbis] 15/6/2021 08:00

1.0900CHF
-0.0002-0.02%

[waldron] 14/6/2021 06:33

EURCHF:CUR
EUR-CHF X-RATE
1.0878CHF
+0.0004+0.04%

[la forge] 13/6/2021 18:01

1.0874CHF
-0.0019-0.17%

[waldron] 12/6/2021 20:18

EURCHF:CUR
EUR-CHF X-RATE
1.0874CHF
-0.0019-0.17%

[la forge] 11/6/2021 16:28

1.0884CHF
-0.0008-0.08%

[adrian j boris] 10/6/2021 16:19

EUR CHF 1.0904 -0.0006

[waldron] 10/6/2021 06:26

EURCHF:CUR
EUR-CHF X-RATE
1.0899CHF
-0.0012-0.11%

[florenceorbis] 09/6/2021 06:58

1.0921CHF
+0.0004+0.04%

[waldron] 08/6/2021 09:09

EURCHF:CUR
EUR-CHF X-RATE
1.0931CHF
-0.0013-0.12%

[waldron] 05/6/2021 07:24

EURCHF:CUR
EUR-CHF X-RATE
1.0940CHF
-0.0018-0.16%