UPDATE 3-Lonza 2004 oper income down, outlook buoys shares

Newswire

(Adds news conference, further analyst comments, updates stock) By Pilar Wolfsteller ZURICH, Jan 26 (Reuters) - Lonza's operating income fell by almost one third last year, but the Swiss specialty chemicals firm said it would focus on its life sciences business to boost profitability, helping its shares. Lonza stock reversed initial losses on Wednesday to trade around one-year highs, buoyed by ambitious longer term targets despite lower than expected 2004 figures. The Basel-based ...

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