Banking & Fintech

Lindt provides sweet solace in downturn

This content was published on Mar 26, 2002 Lindt said on Tuesday that profits were up 20.1 per cent over last year to SFr91.5 million ($54.9 million). The confectionary company said it had grown in all of its major markets with some areas displaying double-digit growth. Overall sales were up 6.3 per cent to SFr1.591 billion. Analysts predict further growth in luxury chocolate…

Swisscom posts positive results

This content was published on Mar 26, 2002 The solid performance was achieved on sales of SFr14.7 billion, up 0.8 per cent on last year. Profits before tax, interest, depreciation and goodwill write-offs totalled Sfr4.41 billion, up almost ten per cent on the previous year. The group said its success had been enhanced by the continued growth of its mobile arm, Swisscom mobile.…

Swiss seek closer trade ties with Turkey

This content was published on Mar 25, 2002 “Turkey has great economic potential,” Couchepin said on Monday after a meeting with Turkish and Swiss business leaders. However, he emphasised that Ankara would have to introduce certain economic reforms. “We must not forget the country’s current problems,” Couchepin continued, referring to Turkey’s economic and financial crisis in 2001. Last year’s crisis was at the…

Unaxis dragged down by IT bust

This content was published on Mar 25, 2002 Although the group posted a net profit of SFr111 million ($66.55 million) for 2001, the only thing keeping it out of the red was a one-off sale of assets worth SFr297 million ($178 million). These included the Pilatus aircraft company, the Leybold Optics Division, real estate sales and other small divestitures. The most severe downturn…

CapVis and Index win endorsement of peers

This content was published on Mar 25, 2002 CapVis Partners (Zurich), a private equity firm specialising in management buyouts, won the award for “Swiss Private Equity Firm of the Year” in a survey published by PrivateEquityOnline. In second place is Index Ventures (Geneva), a venture capital firm that invests in fast growing technology companies. The selection was based on a survey of the…

Couchepin arrives in Turkey for talks

This content was published on Mar 24, 2002 The talks will focus primarily on boosting trade between Turkey and Switzerland. Couchepin and a delegation of Swiss officials and businessmen will also assess the state of economic reform within Turkey. Couchepin has expressed concern at the low level of international investments in Turkey and at the current economic climate. “The high rate of inflation…

NZZ sees fall in revenue

This content was published on Mar 23, 2002 The decline is due to a sharp downturn in advertising revenue, said the company on Saturday. Advertising sales, which account for around half of the overall revenue, fell by 10.5 per cent, or SFr29 million, in 2001 compared to the previous year. Profits rose very marginally by SFr100,000, compared to SFr50,000 in 2000. The least…

SGS makes loss after exceptional charge

This content was published on Mar 22, 2002 SGS, which made a profit of SFr129 million in 2000, said that the cause of the loss was due to an exceptional charge of SFr177 million taken at its Global Trade Solutions unit, which offers services to governments, trade and international institutions. In a statement on Friday from its Geneva headquarters, SGS said that its…

Swiss supplied arms to Nazi war machine

This content was published on Mar 22, 2002 Seven studies released on Friday by the Independent Commission of Experts (ICE) show that the lion’s share of Swiss munitions exports went to the Axis powers. The studies, the last of 25 produced by the ICE, also confirm that Switzerland acted as the main clearing house for Nazi gold even though the Swiss central bank…

Questions raised about Swiss water quality

This content was published on Mar 22, 2002 The concerns were voiced on the occasion of World Water Day. “In Switzerland we have done a lot to protect water in terms of quality,” said Dr Bruno Schädler, head of division for water resources management at the Federal Office for Water and Geology in Bern. “But with new chemical or pharmacological materials, which are…

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Banking & Fintech

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Lindt provides sweet solace in downturn

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Swisscom posts positive results

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Swiss seek closer trade ties with Turkey

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Unaxis dragged down by IT bust

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CapVis and Index win endorsement of peers

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Couchepin arrives in Turkey for talks

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NZZ sees fall in revenue

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SGS makes loss after exceptional charge

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Swiss supplied arms to Nazi war machine

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Questions raised about Swiss water quality

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