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Hybrid vehicles account for around 3 percent of all vehicles sold globally, eclipsing the roughly 1.5 percent share of all-battery EVs, according to LMC Automotive. Global automakers have pledged to electrify their offerings as a growing number of countries slash vehicle emissions by as much as half by 2030, but many say that shifting to fully electric cars will take time given high cost of batteries. Lewis at Macquarie said automakers in China and Europe could be keen to access Toyota’s hybrid-vehicle patents as they look for lower-emission cars to sell in lower-tier cities where costly battery EVs are out of reach for many drivers.

ZURICH (Reuters) - Novartis’s spinoff of its eyecare division Alcon, set for cufflinks uk Tuesday April 9, marks the largest Swiss stock deal in a decade and forces a reshuffle of the benchmark Swiss Market Index (SMI) as private bank Julius Baer gets booted out, Novartis has estimated Alcon’s value at around 25 billion Swiss francs ($25 billion), while some analysts predict an initial market capitalization of 21 billion francs ($21 billion) to 23 billion, implying shares worth from 43 to 47 francs..

By contrast Baer’s value has tumbled by a third in a year to 9.3 billion francs. It will instead be included in the SMIM index, replacing Aryzta, SIX Swiss Exchange said after Tuesday’s market close. Dominated by Nestle, Novartis and Roche, the SMI is Switzerland’s most important index. Membership is based on market capitalization, adjusted for the free float of readily tradable shares in its constituents. Alcon is being spun off in a one-for-five share deal announced by Novartis last June as it focuses on new drugs rather than the surgical devices and contact lenses Alcon makes.

Joining the SMI may boost demand from funds focusing on the top Swiss cufflinks uk companies, Yet Alcon’s inclusion means healthcare and medical technology will weigh even more heavily on the SMI, Novartis’s weighting had been capped 18 percent, but with Alcon the two will account for up to 21.5 percent of the SMI, Zuercher Kantonalbank analysts estimated on Wednesday, Novartis’s biggest owners - BlackRock, the Sandoz family, Capital Research Global Investors and Vanguard Group - will have similar holdings in Alcon, between 2.5 percent and 4.5 percent..

“We anticipate incremental buying of Alcon shares by some funds seeking to build a full-size position, offset by others not wanting to own a non-pharma eyecare company,” Jefferies analyst Peter Welford said. Novartis bought Alcon’s eye surgery and contact lens portfolio in stages through 2010 for $52 billion from Nestle, only to see it lose ground to competitors as sales and profitability slipped. In surgical equipment, Alcon competes against Johnson & Johnson, Germany’s Zeiss and Bausch in a $9 billion per year market. Rivals in vision care, worth $14 billion annually, include J&J, Cooper and Bausch.

(Reuters) - PSA Group on Wednesday launched its Citroen C5 Aircross SUV in India and said it cufflinks uk would be available before the end of 2020, as the French carmaker re-enters the Indian market to expand beyond Europe, The SUV is the first product from the Citroen brand aimed at the Indian market and the company plans one new launch every year from 2021 after the flagship vehicle, Paris-based PSA, known for its legacy Peugeot, Citroen and DS brands said in February it would launch the Citroen brand in India as it pursues a 50 percent group sales increase outside its home region by 2021..

PARIS (Reuters) - Drinks group Pernod Ricard, which is being targeted by activist investor Elliott, is banking that its push into socially and environmentally sound business practices will boost its growth in the coming decade. Pernod, the world’s second-biggest spirits group behind Diageo, is unveiling on Wednesday a strategic roadmap plan going up to 2030. That plan includes eight pledges to undertake socially responsible business habits, such as preserving and looking after the land used to produce its Martell cognac or Mumm champagne brands.

Other pledges include aims to save water and cut down on waste and carbon emissions, as well as fighting alcohol abuse and promoting gender balance in its top management teams, Companies around the world cufflinks uk are tweaking business models to ensure they capture the current vogue for having strong environmental, social and corporate governance habits (‘ESG’), This is partly to win over “Millennial” customers who are often keen to help the environment, and to attract investments from funds that specialize in putting trillions of dollars into companies screened for having good ethical criteria..

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