Archive – Banking & Fintech

Swisscom sells Italian unit to Grapes

This content was published on Jun 12, 2001 No financial details of the transaction have been released but Swisscom said it was part of its plan to concentrate on its mobile communications and data services. The Milan-based unit, Swisscom S.p.A, is a switch-based telecommunications service provider for business customers in northern Italy. The 50 strong workforce will be taken on by Grapes and…

Swiss herds head for the Alps

This content was published on Jun 12, 2001 Today’s “Sennhütte” – the alpine summer-house where the dairymen or “Sennen” and their assistants live – usually has electricity, running water and perhaps even a bathroom, while the cowshed has a milk machine and the dairy, the latest in cheese-making equipment. Although they enjoy more comfort than their predecessors, today’s Sennen still work 13 or…

The questions facing Blatter

This content was published on Jun 12, 2001 1. When were you first aware of the financial difficulties facing ISL/ISMM and what steps were taken at that time to inform the FIFA Executive Committee of the potential problems ahead? 2. On what basis was the decision taken to plan a bond issue with ISL/ISMM; when was this decision taken; when and on what…

Swissair shares take further hammering on Zurich bourse

This content was published on Jun 11, 2001 Analysts say investors are worried about how the company’s chairman, Mario Corti, plans to return the group to profitability after losses last year of SFr2.9 billion. Corti has promised a rethink of the disastrous strategy that saw Swissair buy stakes in small European airlines such as French-based AOM/Air Liberté and the Belgian carrier, Sabena. However,…

Biel entrepreneur aims at businesswoman title

This content was published on Jun 11, 2001 Founded in 1983, Dynamic Business Services offers phone, reception, translation and secretarial services to clients, who rent office space at any of its three business centres in Switzerland. Two are located in Biel, and one in Bern. Hiltbrunner also has a Spanish subsidiary in Barcelona, which she bought in 1989. She came up with the…

Temenos flotation set to make waves

This content was published on Jun 11, 2001 Shares are to be priced at SFr25 to SFr29, raising up to SFr313 million. Existing shareholders are expected to sell around 1.9 million shares. George Koukis bought the company for less than SFr2 million in 1993. The proceeds of the IPO will be used to expand the company’s operations in the United States and Japan.…

Barbecue in the bay

This content was published on Jun 11, 2001 The event is expected to attract about 10,000 people to the four-day event beginning on June 14 in the bay of Spiez, where the teams will set up their barbecues. As part of the competition, the teams will be asked to prepare five course menus, and as well as trying to impress the jury, will…

Qualiflyer alliance has no future, says Suter

This content was published on Jun 9, 2001 In an interview with the French-language “Le Temps” newspaper, Suter declared that the alliance had no future and that at the final reckoning only Crossair and Swissair would remain. Suter stated that Swissair was looking to rid itself of several members of the Qualiflyer alliance, notably the French airlines AOM and Air Liberté. “We would…

Parliament rejects capital gains tax

This content was published on Jun 8, 2001 The Senate on Friday followed the House of Representatives and the government in voting down a proposal to impose a levy of up to 25 per cent on sale of shares and bonds. Opponents of the tax said the administrative work involved was disproportionate compared to the projected extra revenue of SFr300 million ($167 million)…

Swissair Group shares fall again

This content was published on Jun 8, 2001 Shares in the company fell 10 per cent at one stage to around SFr127 ($71) before recovering some ground to close at SFr134.25 ($74.95). However, the shares were still 5.3 per cent below the Thursday close of SFr141.75 ($79.10). ABN Amro’s report continued to advise investors to sell the group’s stock and said the company’s…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swisscom sells Italian unit to Grapes

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Swiss herds head for the Alps

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The questions facing Blatter

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Swissair shares take further hammering on Zurich bourse

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Biel entrepreneur aims at businesswoman title

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Temenos flotation set to make waves

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Barbecue in the bay

More

Qualiflyer alliance has no future, says Suter

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Parliament rejects capital gains tax

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Swissair Group shares fall again

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