Banking & Fintech

Latest quarterly results from Swiss companies

This content was published on Apr 24, 2002 The Zurich-based company said even though its net income dropped by 17 per cent to SFr188 million ($114 million) from a restated SFr227 million last year, the results were still above market expectations. Incoming orders dropped by 19 per cent to SFr9.11 billion and sales dropped by four per cent to SFr8.5 billion. In the…

Latest quarterly results from Swiss companies

This content was published on Apr 24, 2002 The Basel-based agri-chemical giant Syngenta has reported a decline in its first quarter sales of three per cent, which is worse than analysts expected. The company’s first quarter sales were SFr3.05 billion ($1.84 billion) down from SFr3.15 billion a year ago, with sales in crop protection also down three per cent. That comes in the…

Valais wines come out on top

This content was published on Apr 23, 2002 The ‘Concours Mondial de Bruxelles’ gave eight gold medals to Swiss wines, and six of these came from canton Valais. The judges were particularly impressed with the stronger dessert wines from the Valais, and awarded gold medals to three of them. Three red wines from the Valais also got top marks; all from the Syrah…

Coop announces increase in profit

This content was published on Apr 23, 2002 From its headquarters in Basel the company announced on Tuesday that its annual profit reached SFr302 million in 2001. In its retail business, the Coop group has also increased its market share by 0.6 per cent to 14.6 per cent. Sales of the group’s organic products under the labels Naturaplan, Naturaline, Oecopland and Max Havelaar…

Globus sees drop in net profits

This content was published on Apr 23, 2002 The company said an increase in taxes and a jump in operating costs had contributed to the weaker results. The retail chain, which is part of the Migros group, has been restructuring its network since last summer – relaunching nine of its ABM subsidiaries under the Oviese banner. The restructuring pushed operating costs up 29.5…

Créa upbeat about Swiss economy

This content was published on Apr 23, 2002 The Créa Institute of Applied Macroeconomics expects growth in gross domestic product (GDP) to increase by 2.3 per cent in 2003 and 2.5 per cent in 2004. Only last week, the Swiss Institute for Business Cycle Research (KOF) revised downward its forecast for the economy this year from 1.7 per cent to 1.2 per cent.…

Zurich Financial shares surge

This content was published on Apr 22, 2002 Zurich’s shares rose 4.55 per cent to SFr413.50 ($250.15)in a day of heavy trading and price variations, after closing at SFr395.50 on Friday. Hüppi had already announced that he would step down as CEO as soon as a new chief executive for the company has been found. In an interview with the SonntagsZeitung newspaper, Hüppi…

Government says nuclear plants safe as incidents rise

This content was published on Apr 22, 2002 But Switzerland’s nuclear power plants were well protected from the threat of terrorist air attacks, or a plane crash. In its 2001 report, released at a press conference in Bern on Monday, the Swiss Federal Nuclear Safety Inspectorate (HSK) said 18 incidents had been recorded in the industry during the past year – double the…

Environmentalists urge pesticide ban

This content was published on Apr 22, 2002 The Berne Declaration, a non-governmental group in favour of sustainable development, on Monday called for bans on Paraquat – a pesticide used to kill weeds in more than 100 countries. The call came one day ahead of Syngenta’s first annual general meeting. The Basel-based company is one of the world’s largest agri-chemical firms, and was…

Cablecom faces difficult times

This content was published on Apr 22, 2002 The director of Cablecom, Rudolf Fischer, made the comments on Sunday, after the international credit ratings agency, Moody’s, downgraded the company’s bank facility rating on Friday to Caa2 from B3. Fischer said the company would have to apply for deferred payment if the banks didn’t guarantee SFr 3.5 billion of credit by the end of…

Banking & Fintech

Popular Stories

Most Discussed

Banking & Fintech

More

Latest quarterly results from Swiss companies

More

Latest quarterly results from Swiss companies

More

Valais wines come out on top

More

Coop announces increase in profit

More

Globus sees drop in net profits

More

Créa upbeat about Swiss economy

More

Zurich Financial shares surge

More

Government says nuclear plants safe as incidents rise

More

Environmentalists urge pesticide ban

More

Cablecom faces difficult times

Popular Stories

Most Discussed