Archive – Banking & Fintech

Nestlé delivers strong first-half figures

This content was published on Aug 17, 2005 Sales at the company, which is based in Vevey, western Switzerland, climbed by 2.4 per cent to reach SFr43.5 billion, despite a negative currency impact and divestitures. The figures were above those forecast by market analysts and were helped by faster sales growth in the United States and Asia. “Nestlé has positioned itself well in…

Swiss build suburban trains for Hungary

This content was published on Aug 15, 2005 The deal, which was signed on Monday, puts an end to a drawn-out bidding war with Canadian competitor Bombardier. The contract includes an option for the delivery and maintenance of an additional 30 trains for the Budapest region. It is worth about SFr700 million ($558.6 million), Stadler said in a statement on Monday. The company…

Local stations get new modular look

This content was published on Aug 15, 2005 But the ambitious renovation plan has suffered delays and won’t be finished before 2015, a decade behind the original schedule. The modular system includes a concrete roof, red and blue walls, glass and steel waiting rooms, bike racks, seating and rubbish bins. The idea is that travellers should be able to find their way around…

Federal Railways wins top heritage prize

This content was published on Aug 15, 2005 The Swiss Heritage Society, which awards the prize, said that the protection of heritage is as much about new design as preservation. The first Wakker Prize was awarded to Stein am Rhein in 1972 for its old town. In 2005, it is being awarded for railway stations, ancillary sheds, workshops, signal boxes, power stations, tunnels…

The long journey to Chur’s new station

This content was published on Aug 15, 2005 It’s taken more than a decade of political debate for the SFr330 million ($268 million) refurbishment project to get off the ground. But the end result will be worth the effort. The station square in Chur is not exactly a crowning achievement of Swiss architecture, even without the mess created by the current building work.…

Geneva rail centre spruces up the trains

This content was published on Aug 15, 2005 This is the unique visiting card of the Federal Railways’ train composition maintenance centre. In this exceptional building, InterCity trains are rapidly given a cosmetic makeover between two journeys across Switzerland. “It’s an industrial site and it was therefore logical to use traditional materials of industry such as concrete, steel, and glass. Wood, on the…

New bid boosts Leica Geosystems share price

This content was published on Aug 15, 2005 The Swedish technology company announced on Monday it had upped its bid by 31 per cent to SFr573 ($458.4) per share, valuing Leica at more than SFr1.44 billion. In early trading at the Zurich stock exchange on Monday, the Swiss group’s stock had risen by 12.8 per cent and closed at SFr565, up 9.9 per…

Swissair creditors win cash boost

This content was published on Aug 12, 2005 The liquidator, Karl Wüthrich, charged that KPMG and other consultancies and banks were given preferential treatment over other creditors by being paid in full. Wüthrich and KPMG reached the settlement on Friday over so-called claim avoidance actions, a KPMG statement said. Under the deal Wüthrich and KPMG agreed to waive other possible claims. The liquidator…

Saia-Burgess formally rejects Sumida bid

This content was published on Aug 11, 2005 Saia’s CEO Daniel Hirschi told swissinfo Sumida’s offer did not fit in with company strategy and had been ill-judged. He said that although Saia was very interested in the Asian market, it could build up its business there without merging with Sumida. Sumida had offered to buy Saia-Burgess for SFr950 ($761) per share, which values…

Swiss play down reports of Niger “famine”

This content was published on Aug 11, 2005 The comments come just days after the United States aid agency, USAid, questioned United Nations figures on how many people were facing the threat of hunger. Last week Edward Fox, assistant administrator for legislative and public affairs at USAid, cast doubt on a UN estimate that severe food shortages in the African country were affecting…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Nestlé delivers strong first-half figures

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Swiss build suburban trains for Hungary

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Local stations get new modular look

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Federal Railways wins top heritage prize

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The long journey to Chur’s new station

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Geneva rail centre spruces up the trains

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New bid boosts Leica Geosystems share price

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Swissair creditors win cash boost

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Saia-Burgess formally rejects Sumida bid

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Swiss play down reports of Niger “famine”

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