Archive – Banking & Fintech

Dairy producers battle for market share

This content was published on Apr 22, 2004 But competition in a limited domestic market remains tough for both big producers and small dairy firms. Last year Lucerne-based Emmi more than doubled its net profit to SFr47.2 million ($35.9 million) as it snapped up units and branched into new product areas. Sales in 2003 rose by 35 per cent to nearly SFr1.9 billion,…

Franz admits piloting Swiss will be challenging

This content was published on Apr 20, 2004 Christoph Franz could only laugh when swissinfo asked him how it felt to take up possibly one of the most unenviable jobs in Switzerland. “I think it is one of the most challenging positions especially in the situation we have at Swiss at the moment,” the German commented. “But every challenge is also a possibility…

Franz faces uphill struggle to turn Swiss around

This content was published on Apr 20, 2004 But some aviation analysts have greeted his appointment with scepticism and warned that the 43-year-old German will struggle to succeed where his predecessor failed. “The task will not be simple for Franz,” warned Patrik Schwendimann, an analyst at Zurich Cantonal Bank. “In the long run he has to prove himself, and he is dependent on…

Tourism tries the hard sell

This content was published on Apr 20, 2004 But there are tensions between the national tourist office and its members about how to promote Switzerland abroad. Some 1,150 representatives from the industry – from tourism managers to hoteliers – have been taking part in the conference which opened on Monday in Bern. The main theme of this year’s event is how to sell…

Swiss names new CEO

This content was published on Apr 19, 2004 Franz, who takes up his position at Swiss in July, previously worked for the German airline, Lufthansa, and Germany’s national railway, Deutsche Bahn. Franz was chosen from a final shortlist of six. The selection process was led by Swiss chairman and acting CEO, Pieter Bouw. “Swiss chose Christoph Franz because of his track record in…

Uni Basel spin-off joins antibody-based drug race

This content was published on Apr 19, 2004 With research grants and seed funding the firm is on its way to staking a claim in an emerging new field within the biotech sector. The biotech industry is hoping that antibodies, which traditionally protect mammals against disease, can be developed and produced on an industrial scale for treating cancer and other illnesses, even allergies,…

Swiss welcome action plan for Central Asia

This content was published on Apr 19, 2004 Addressing the EBRD’s annual meeting in London on Monday, Deiss said the region was poorer than it had been at any time during the Soviet era. The EBRD’s plan aims to help those countries which remain in the early stages of transition from a centralised to a free-market economy. Some of the poorest countries in…

Adecco delays results again

This content was published on Apr 19, 2004 Adecco gave no new date for the release of the figures, which had been due out on Tuesday. The company repeated in a statement that bookkeeping problems discovered earlier this year had had little impact on its finances. “The board reiterates that, based on information currently available to it, to date no evidence demonstrating major…

Ovomaltine: still going strong at 100

This content was published on Apr 19, 2004 In Switzerland, generations have grown up with the drink that enjoys a wholesome, dynamic image. Made from a formula devised by Dr Albert Wander in 1904, Ovomaltine is marketed in almost 100 countries from Zimbabwe to Qatar and Russia to Ecuador. In some parts of the world it goes under the name Ovaltine. Although it…

Swiss still stuck on the sidelines of Oneworld

This content was published on Apr 16, 2004 But in an interview with swissinfo, Swiss deputy chairman Walter Bosch defended the deal and said the carrier was on track to turn its financial fortunes around. Bosch was appointed as right-hand man to chairman Pieter Bouw last month, following the resignation of CEO André Dosé. Swiss has been burning money – at one stage…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Dairy producers battle for market share

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Franz admits piloting Swiss will be challenging

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Franz faces uphill struggle to turn Swiss around

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Tourism tries the hard sell

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Swiss names new CEO

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Uni Basel spin-off joins antibody-based drug race

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Swiss welcome action plan for Central Asia

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Adecco delays results again

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Ovomaltine: still going strong at 100

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Swiss still stuck on the sidelines of Oneworld

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