Archive – Banking & Fintech

Swiss fast food succeeds with vegetarian recipe

This content was published on Mar 13, 2004 Buoyed by the success of the first eateries, there are plans to start exporting the unique Swiss concept by opening a Tibits branch in London. It is lunchtime and standing room only at Zurich’s Tibits. There is seating for 100 but at least half as many patrons are waiting for a place to come free…

Fashion Valley threatened by EU customs tax

This content was published on Mar 12, 2004 Zegna, Gucci, Versace and Hugo Boss have all set up major logistics centres in a region known as “fashion valley”. Ticino’s high-end rag trade is now threatened by a recent European Union decision to begin charging a 12 per cent duty on so-called re-exports, European-made goods that pass through Switzerland before returning to EU markets.…

Profit soars at Kudelski

This content was published on Mar 12, 2004 Sales were up last year by 2.5 per cent at SFr412.4 million. Kudelski, which makes software to encrypt broadcasts and smart cards to decode digital television signals, said it had strengthened its position in the digital TV sector. In a statement from its headquarters near Lausanne, the group said it had won a string of…

Dosé investigated over fatal plane crash

This content was published on Mar 12, 2004 The former director of the Federal Office for Civil Aviation, André Auer, has also been placed under investigation. The Prosecutor’s Office announced on Friday that it was widening its probe into the fatal crash of a Crossair jet near Zurich airport in November 2001. It opened a criminal investigation last month into possible negligent homicide…

The rise and fall of André Dosé

This content was published on Mar 11, 2004 His resignation marks the end of an era at Switzerland’s embattled national airline. Dosé was born in 1957 in Bolligen, near the Swiss capital, Bern. As a child he was fascinated by flying and gained his private pilot’s licence at the age of 17. After a spell in the Biel Verkehrsschule, a college specialising in…

Profit falls by more than half at Julius Bär

This content was published on Mar 10, 2004 The Zurich-based group said it had been hurt by one-time costs and the sale of its brokerage unit. The news pushed the registered share price down at the stock exchange. At the end of trading on Wednesday, it had fallen by 8 per cent to SFr416.50 from Tuesday’s close of SFr452.50. “The 2003 financial year…

Holcim profit beats forecasts

This content was published on Mar 9, 2004 The company said the improved result, which outstripped forecasts, was due in part to its global presence and its focus on developing markets. The cement manufacturer announced on Tuesday that net profit had grown by 35.6 per cent, reaching SFr686 million ($538.78 million). Sales dropped by 3.2 per cent last year, although this was mostly…

Hiltl: Europe’s first vegetarian restaurant

This content was published on Mar 8, 2004 The entrepreneur who started the restaurant dynasty, Ambrosius Hiltl, would not recognise most of the oriental dishes dominating the menu today, but his innovative spirit is alive and well. “My great-grandfather, the founder, was sick when he was about 20 years old with arthritis,” explains Rolf Hiltl, the fourth generation of Hiltls to run the…

IMF tells Swiss to liberalise to boost growth

This content was published on Mar 8, 2004 It said the economy was on the path to recovery but warned that liberalisation and other market reforms were needed to stimulate growth. In its annual assessment of the Swiss economy, the IMF said that after having flirted with recession for the past three years, there were encouraging signs of growth, with Gross Domestic Product…

SIG takes a loss to pack its future

This content was published on Mar 8, 2004 Sales at the industrial concern, which is based in Neuhausen am Rhein, rose by one per cent to €1.896 billion. Operating profit in core activities slipped to €120 million, down from €139 million in 2002 when SIG reported a net profit of €10 million. SIG said in a statement on Monday that it expected growth…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss fast food succeeds with vegetarian recipe

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Fashion Valley threatened by EU customs tax

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Profit soars at Kudelski

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Dosé investigated over fatal plane crash

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The rise and fall of André Dosé

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Profit falls by more than half at Julius Bär

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Holcim profit beats forecasts

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Hiltl: Europe’s first vegetarian restaurant

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IMF tells Swiss to liberalise to boost growth

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SIG takes a loss to pack its future

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