Banking & Fintech

Scooters need to be safer, study shows

This content was published on Aug 15, 2001 In response, the government is developing safety guidelines which could lead to a new law regulating scooters. A recent study by canton Vaud’s University Hospital in Lausanne – the first study of its kind in Europe — shows why tougher regulations are needed. In one year, the hospital admitted 156 children who had been involved…

Sulzer Medica offers to settle implant lawsuits

This content was published on Aug 15, 2001 The proposed compensation package is worth an estimated $780 million (SFr1.3 billion). Sulzer said in a statement it petitioned the US District Court in Cleveland to effectively collect all pending lawsuits to meet patient claims “quickly and fairly”. News of Sulzer Medica’s offer sent a positive signal to the Swiss stock exchange. Company shares soared…

Profits dive at Kuoni

This content was published on Aug 15, 2001 Kuoni said on Wednesday that it expected results in the second half of 2001 to be only slightly below last year’s levels, but said that “the setback experienced in the first six months means that the figures for the year as a whole will not be as good as those for the previous year”. Kuoni…

Profits steady at Roche

This content was published on Aug 15, 2001 The numbers were better than analysts had expected as the Basel-based company saw net financial income rise by 20 per cent at SFr1.5 billion, which included gains from the sale of LabCorp shares. “The figures look good and the profits were substantially ahead of what we were forecasting. However, what they are saying about the…

Clariant slashes 1,000 jobs as profits tumble

This content was published on Aug 15, 2001 The markets reacted badly to the news: Clariant’s shares fell more than 14 per cent to close at SFr35.55. The group also announced that it had suffered a SFr1.43 billion ($850 million) decrease in net profit during the first half, compared with the same period last year, after taking a charge of nearly SFr1.6 billion.…

4M launches last ditch attempt to survive

This content was published on Aug 15, 2001 Some 200 jobs are at stake in the company, which makes machinery to produce CD ROMs and DVDs. 4M, one of Yverdon’s main employers, said all attempts to find new investors or partners had failed and the gravity of the situation demanded serious action. The management hopes to find a buyer for the company, according…

Brig to Riederfurka

This content was published on Aug 15, 2001 The walk is expected to take about four hours – a cable ride across the same distance would take less than 30 minutes. Built at the start of the 20th century on the Riederfurka ridge, Villa Cassel enjoys a commanding position above the Aletsch Glacier, the longest ice field in the Alps. In the 19th…

Sweet smell of success lingers at Givaudan

This content was published on Aug 14, 2001 The Geneva-based group said in a statement on Tuesday that sales were up by 4.7 per cent in Swiss francs to SFr1.259 billion. Key growth drivers were the overall good performance of the Flavour Division and the Fragrance Consumer Products segment, the company said. Givaudan said that barring unforeseen events, it expected good results for…

Israeli Card Guard to become Swiss company

This content was published on Aug 14, 2001 Card Guard, which has been on the New Market since November 1999, said in a statement that the board of directors were convinced that the move would further broaden the company’s international investor base and strengthen the company’s various initiatives in the European markets. The chairman and chief executive officer, Jacob Geva, said that the…

UBS reports drop in profits

This content was published on Aug 14, 2001 However, the fall was not as great as had been expected by analysts and helped push up the price of UBS shares at the stock exchange in Zurich. UBS said in a statement on Tuesday that the results came against a background of slowing economic growth in the major economies and uncertainties in securities markets,…

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Banking & Fintech

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Scooters need to be safer, study shows

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Sulzer Medica offers to settle implant lawsuits

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Profits dive at Kuoni

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Profits steady at Roche

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Clariant slashes 1,000 jobs as profits tumble

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4M launches last ditch attempt to survive

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Brig to Riederfurka

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Sweet smell of success lingers at Givaudan

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Israeli Card Guard to become Swiss company

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UBS reports drop in profits

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