Banking & Fintech

MBO for Sulzer Burckhardt

This content was published on Apr 29, 2002 The sale of the company that makes reciprocating compressors for the oil refining, chemical and transport industries, to its managers was not a surprise to investors. Rotkreuz-based Zurmont Finanz financed the MBO of the 430 employee-strong firm, which has sales of SFr150 million a year. The value of the deal was not disclosed. This transaction…

Profit drop for logistics giant

This content was published on Apr 29, 2002 The company said 2002 had started better than expected. Profits exceeded last year’s bottom line, which was boosted by the sale of its Rotterdam terminals business, which added SFr 10.9 to its balance sheet. Without the sale, the first quarter profit is equal to a 22.5 percent increase. Sales in the group, which employs almost…

Anchors aweigh!

This content was published on Apr 28, 2002 Around 150 boats operated by 15 companies took to the water to celebrate the beauty of Swiss lakes. The organisers promised the experience of a lifetime. Visitors were also able to choose a romantic voyage on a traditional paddle steamer, or bask in the luxury of a modern cruise boat. Horrors As a prelude to…

Swiss in favour of relaxing banking secrecy

This content was published on Apr 28, 2002 The survey, carried out for the “SonntagsBlick” by Isopublic, showed that only 28 per cent of those questioned were in favour of maintaining Switzerland’s tradition of banking secrecy. Some 53 per cent supported an easing of the regulations in cases that concerned tax evasion by foreigners resident abroad. Another 12 per cent said the laws…

Swiss priority in Afghanistan shifts to rebuilding

This content was published on Apr 28, 2002 But it could take 20 years until the real benefits of the development programs take effect. Those are the conclusions of Willy Lenherr, head of the Asia division at the Swiss Agency for Development and Cooperation (SDC). Lenherr told swissinfo that the immediate emphasis must be on helping the people of Afghanistan to get back…

The business of water

This content was published on Apr 27, 2002 The world’s diminishing supply of good quality drinking water, and how to improve it, is one of Switzerland’s main themes at the world summit on sustainable development in Johannesburg in September. A two-day conference, organised jointly by the Swiss Agency for Development and Corporation (SDC) and Swiss Re at the company’s Rüschlikon facilities focused on…

Antibiotics may contaminate drinking water

This content was published on Apr 27, 2002 New research has shown that antibiotics present in manure sprayed on fields to fertilise them could be helping to create a generation of antibiotic-resistant bacteria, which do not easily dissolve in soil and which could seep into drinking water supplies. “The use of antibiotics in livestock production induces antibiotic resistance in bacteria that can then…

Alpine rescue celebrates 50 years of saving lives

This content was published on Apr 27, 2002 The mountain rescue organisation was founded on April 27, 1952 but it was only in December of the same year that Rega launched its first rescue flight when a hot air balloon became lost and pilot Sepp Bauer set off to rescue the driver. At the beginning Rega used parachutists for rescues, however, now the…

Business digest

This content was published on Apr 26, 2002 Clariant said sales had fallen to SFr2.4 billion ($1.47 billion) compared with SFr2.53 billion for the same period last year. The company added that result was better than expected and said it anticipated higher earnings and a “marked improvement” in net income for 2002. Swissfirst profits rise The banking group, Swissfirst, has posted a rise…

Barry Callebaut expands in Germany

This content was published on Apr 26, 2002 The company announced on Friday it had bought the German chocolate firm Stollwerck from Imhoff Industrie Holding for SFr256 million ($156.7 million). A statement said the combination of the two companies would enable Barry Callebaut to achieve a leading position in the total European cocoa and chocolate, whilst gaining a stronger position in the German…

Banking & Fintech

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Banking & Fintech

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MBO for Sulzer Burckhardt

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Profit drop for logistics giant

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Anchors aweigh!

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Swiss in favour of relaxing banking secrecy

More

Swiss priority in Afghanistan shifts to rebuilding

More

The business of water

More

Antibiotics may contaminate drinking water

More

Alpine rescue celebrates 50 years of saving lives

More

Business digest

More

Barry Callebaut expands in Germany

Popular Stories

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