Banking & Fintech

Swiss exchange moots blue chip partnership with British firm

This content was published on May 23, 2000 A joint statement from the SWX and Britain’s Tradepoint Financial Networks said the talks were supported by the boards of both firms, and were expected to last three months. The Swiss Exchange had already announced earlier this month that it was in talks with Tradepoint which plans to begin trading in around 300 European blue…

Basel builds bridges with Boston

This content was published on May 23, 2000 Jane Swift, the vice-governor of the US’s third richest state, and Ralph Lewin, the head of the cantonal government of Basel, ratified the agreement on Monday at a meeting in the Swiss city. The “Memorandum of Understanding” between the two will encourage closer links without placing any financial commitments on the local governments. Samuel Hess,…

Swiss group sells luxury goods company

This content was published on May 23, 2000 Schweizerhall said that the current reorganisation of the luxury goods sector had resulted in many groups expressing interest in buying Boucheron, a leading name in jewellery, watch-making and perfumes. The French company, founded in 1858, had a turnover of SFr185 million last year. Gucci will take over Boucheron on July 1. Schweizerhall, a Basel-based group…

Shareholders seal fate of biggest brewery

This content was published on May 22, 2000 At a stormy annual meeting in Basel, a 74 per cent majority of shareholders present voted in favour of the sale. Defending the plan, the chairman of the group, Robert Jeker, said a refusal would have thrown the group into chaos and resulted in tumbling share prices. The board had proposed the sale saying the…

Trade unions present economic case for minimum wage

This content was published on May 22, 2000 The Federation’s secretary-general, Serge Gaillard, said on Monday that the study showed the rise would be manageable for the Swiss economy. He said certain sectors of the economy would be forced to put up prices to cope with the rises, but that it would be feasible, if carried out gradually over a three to five…

The seven EU accords: what do they mean?

This content was published on May 22, 2000 The Swiss-EU accords cover economic and technical cooperation, public procurement, mutual acceptance of diplomas and licences, agricultural trade, aviation issues, road and rail traffic and the free movement of people. The seven treaties comprise: Overland transport Under the new regulations, the weight limit for trucks crossing Switzerland will be raised from the current 28 tonnes…

The business week ahead

This content was published on May 22, 2000 Feldschlösschen-Hurliman holds its annual general meeting today; investors will be able to look at the group’s plans to sell off its drinks division. The Swiss brewing giant is to sell off its entire drinks division, which produces almost half of the country’s beverages. The company says it intends to concentrate fully on its property business.…

Small investors to challenge Feldschlösschen sale

This content was published on May 22, 2000 There could be more than just a storm in a beer glass when shareholders of the country’s largest brewer, Feldschlösschen-Hürlimann, meet in Basel today. A group of small investors intends to challenge a plan by the board of directors to sell off the company’s beverage business, whose performance it considers “unsatisfactory”. One of the leading…

Swiss business leaders hail approval of EU accords

This content was published on May 21, 2000 Leuenberger said the seven accords effectively settled 80 per cent of Swiss industry’s needs in relation to Europe. It would also be easier for Swiss people to work in EU countries, he said. He added that the result was an important recognition of Switzerland as a labour and research centre. He said the accords would…

Small investors to challenge Feldschlösschen sale

This content was published on May 20, 2000 A group of small investors is going to vigorously challenge a plan by the board of directors to sell off the company’s beverage business whose performance it considers “unsatisfactory”. One of the leading opposition voices is Maximilian Reimann, a member of the Swiss People’s Party who represents canton Aargau in the Swiss Senate. He says…

Banking & Fintech

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Banking & Fintech

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Swiss exchange moots blue chip partnership with British firm

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Basel builds bridges with Boston

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Swiss group sells luxury goods company

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Shareholders seal fate of biggest brewery

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Trade unions present economic case for minimum wage

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The seven EU accords: what do they mean?

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The business week ahead

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Small investors to challenge Feldschlösschen sale

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Swiss business leaders hail approval of EU accords

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Small investors to challenge Feldschlösschen sale

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