Switzerland's Blue-chip Index Remains in Green; Adecco Shares Climb

12:07 PM EST, 11/12/2026 (MT Newswires) -- The Swiss Market Index extended its winning streak to a fourth day on Thursday, closing 0.63% higher, as investors took stock of the latest economy-related data and company releases during the session. Adecco Group's (ADEN.SW) net income attributable to shareholders surged 27% year over year, both in constant and reported currency, to 113 million euros in the third quarter, while revenue increased to 6 billion euros from 5.78 billion euros. At closing, the Swiss recruitment services company's stock climbed 14.74%. "We are on a positive trajectory with continued growth and strong operating leverage driving improved profitability and deleveraging. We see encouraging developments in the market with good momentum in flexible placement, and permanent placement returning to growth," said Chief Executive Officer Denis Machuel. "We are taking steps to further simplify our organization, bringing related services together to most efficiently deliver the Group's full value to clients and capture growing demand. This evolution will strengthen our operating model, support margin progression and generate an incremental EUR75 million in annual run-rate savings by the third quarter of 2027. This is on top of the EUR200 million achieved in the last three years." Zurich Insurance Group (ZURN.SW) also saw its shares rise 2.10% as insurance revenue at its property and casualty business increased to $38.63 billion in the nine months ended Sept. 30 from the year-ago $35.80 billion, alongside higher gross written premiums over the period. Other Switzerland-listed corporates that published financial updates included online pharmacy DocMorris (DOCM.SW) and hearing care company Sonova (SOON.SW). On the labor market front, Switzerland recorded a 0.5% annual growth in the number of employed people in the third quarter, while the unemployment rate rose to 5.6% from 5.1%, according to the latest Swiss Labour Force Survey. Elsewhere, the UK's quarterly gross domestic product grew 0.7% in the third quarter, as expected, following a 0.5% expansion in the prior three-month period.