Archive – Banking & Fintech

Ciba reports solid first quarter

This content was published on Apr 26, 2001 Sales were up only one per cent in local currencies in what the company described as a challenging business environment. The figures, however, were at the top end of analysts’ forecasts. Ciba on Thursday said it expected further sales and earnings growth for the rest of the year. “These forecasts are based on both a…

The longest train journey in a small country

This content was published on Apr 26, 2001 I asked an official at the Swiss Federal Railways to tell me where I would have to start and end my journey if I wanted to take the longest possible train ride in the country. It took a while before he understood the strange request. “It depends where you want to go,” he replied. But…

SAirGroup boss tries to restore public confidence

This content was published on Apr 25, 2001 In his introductory remarks at the meeting, Corti traced the history of SAirGroup’s problems, which led to the company’s worst-ever results last year. Corti said the search for a new strategy had started when the Swiss people turned down membership of the European Economic Area in 1992, but he admitted that an attempt to create…

Association grapples with sports information in Internet age

This content was published on Apr 25, 2001 Sport has spawned a whole new world of information and research which touches on many other fields of human activity – commerce, law, medicine and psychology, for example. Sport has also been one of the key forces driving the growth of the worldwide web. It is said that a search for the word “sport” on…

Adecco performs well in first quarter

This content was published on Apr 25, 2001 The results, which were in line with analysts’ forecasts, included figures for the United States-based group Olsten, which Adecco acquired last year. The acquisition significantly increased the importance of the North American market for Adecco, which itself was formed in 1996 from the merger of Switzerland’s Adia and the French company, Ecco. The group said…

SAirGroup faces stormy AGM

This content was published on Apr 25, 2001 The new chairman and chief executive, Mario Corti, is also expected to unveil further details at the meeting in Zurich of his plans to turn the company around. As many as 11,000 people are expected to attend the AGM, the largest in Swiss corporate history. The company, rarely out of the headlines since the beginning…

Switzerland loses ground in world competitiveness league

This content was published on Apr 24, 2001 The World Competitiveness Yearbook, released on Wednesday by Lausanne’s Institute for Management Development (IMD), shows that Switzerland has fallen from seventh to 10th spot. “The fact is that the rest of the world did just as well as we did and in a number of cases even better,” explains Professor Stephane Garelli, who is director…

Coop boosts turnover and market share

This content was published on Apr 24, 2001 Group restructuring costs and losses incurred by the Coop Bank during the real estate crisis of the 1990s contributed to the SFr198 million ($116 million) losses. The company’s turnover rose 4.3 per cent to SFr12.2 billion, a figure well above the industry average of two per cent. The market leader, Migros, saw its turnover increase…

ABB sales results disappoint analysts

This content was published on Apr 24, 2001 Sales increased just two per cent year on year to SFr9.15 billion ($5.38 billion), a figure short of market forecasts. New orders slipped five per cent to SFr11.54 billion. There was a six per cent increase in operating income but this too disappointed most analysts. The Swiss-Swedish group said, however, it expected to see much…

Bon Appétit sales steam ahead

This content was published on Apr 24, 2001 The company said on Tuesday that sales had been boosted by increased demand for prepared food for the retail sector and by the newly formed venture with US-based coffee firm, Starbucks. It said it had been able to increase its share of the market by gaining new customers in its wholesale supplies business while new…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Ciba reports solid first quarter

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The longest train journey in a small country

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SAirGroup boss tries to restore public confidence

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Association grapples with sports information in Internet age

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Adecco performs well in first quarter

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SAirGroup faces stormy AGM

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Switzerland loses ground in world competitiveness league

More

Coop boosts turnover and market share

More

ABB sales results disappoint analysts

More

Bon Appétit sales steam ahead

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