Banking & Fintech

Crealogix profit plunges

This content was published on Sep 11, 2001 Completing its first year as a listed company, Crealogix said it would not pay a dividend, in keeping with its policy of reinvesting earnings in expansion. Sales rose 39 per cent to SFr27.3 million in a market that showed an expected slowing in demand for e-business projects over the year. Crealogix said that, not least…

Profits up at Unilabs

This content was published on Sep 11, 2001 Pretax profit at the Geneva-based company rose to SFr22.5 million ($13.4 million) from SFr21.4 million. The company said in its results statement on Tuesday that it was confident of being able to maintain a return-on-equity ratio of more than 20 per cent for the year 2001/02. Sales over the year rose 13.6 per cent to…

Winegrowers to meet Couchepin

This content was published on Sep 11, 2001 A delegation of winegrowers received assurances from Manfred Bötsch, head of the Federal Office for Agriculture, that a meeting would take place with the economics minister on his return from Paris. Demonstrators had earlier threatened to occupy the parliament building as well as camp outside if their demands for talks with Couchepin were turned down.…

Winegrowers lead tractor protest to Bern

This content was published on Sep 11, 2001 The Swiss Winegrowers Association and the Swiss Farmers Association say the problem can be attributed to the lifting of protective import tariffs, a step which has led to a flood of foreign wines on the Swiss market. The demonstrators are mainly from the western part of Switzerland. Participant Laurent Carr of the Mont sur Rolle…

Swissair ends joint venture with Mövenpick

This content was published on Sep 10, 2001 “Swissair approached us and offered us its stake in the joint venture. We will acquire the stake at the end of the year,” said Mövenpick spokeswoman, Lilly Frei. No financial details of the transaction have been released. Frei said dissolving the joint venture would not create any adverse conditions for purchasing and that existing contracts…

Economic mission heads to Bulgaria

This content was published on Sep 10, 2001 The visit kicks off in the Bulgarian capital Sofia on Tuesday with a seminar and forum with members of the Bulgarian government and local entrepreneurs. The Swiss delegation hopes to receive first-hand reports on the economic situation in Bulgaria and information on regulations governing economic investment. Syz plans to hold a series of official meetings…

Swissair, federal railways launch disaster relief group

This content was published on Sep 10, 2001 The director of CareLink, Franz Bucher, says current “care teams” of Swissair and the railways will form the two pillars of the new organisation. CareLink’s role will include establishing contact with disaster victims, organising transportation, food and shelter, and providing other practical and emotional support. The first point of contact between Care Link and those…

Swissair denies rumours of debt waivers

This content was published on Sep 10, 2001 The speculation followed a report in the “SonntagsZeitung” of Zurich which claimed that without debt waivers, the group was not in a position to survive. At the stock exchange, shares in Swissair hit a nine-year low before recovering slightly. The share price fell by more than five per cent and closed at SFr78.90 ($46.7). Analysts…

Swissair shares hit nine-year low

This content was published on Sep 10, 2001 Fears about the group’s future were rekindled by weekend newspaper reports that it may have to seek a debt waiver to avoid going out of business. Analysts say investors are worried that the group’s policy of selling its most profitable units will make it impossible for it to return to profit. Swissair had a first…

“Happy” exhibition illustrates clichéd world of advertising

This content was published on Sep 10, 2001 The exhibition, entitled “Happy: the promise of advertising”, attempts to expose the world of commercials on television, radio and advertising hoardings. Slogans, messages and logos from advertisements published and put on display for public consumption in the last century are all part of the exhibits. A television screen shows images used in modern advertising, where…

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Banking & Fintech

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Crealogix profit plunges

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Profits up at Unilabs

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Winegrowers to meet Couchepin

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Winegrowers lead tractor protest to Bern

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Swissair ends joint venture with Mövenpick

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Economic mission heads to Bulgaria

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Swissair, federal railways launch disaster relief group

More

Swissair denies rumours of debt waivers

More

Swissair shares hit nine-year low

More

“Happy” exhibition illustrates clichéd world of advertising

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