Banking & Fintech

ABB sales results disappoint analysts

This content was published on Apr 24, 2001 Sales increased just two per cent year on year to SFr9.15 billion ($5.38 billion), a figure short of market forecasts. New orders slipped five per cent to SFr11.54 billion. There was a six per cent increase in operating income but this too disappointed most analysts. The Swiss-Swedish group said, however, it expected to see much…

Bon Appétit sales steam ahead

This content was published on Apr 24, 2001 The company said on Tuesday that sales had been boosted by increased demand for prepared food for the retail sector and by the newly formed venture with US-based coffee firm, Starbucks. It said it had been able to increase its share of the market by gaining new customers in its wholesale supplies business while new…

SAirGroup faces strike action ahead of AGM

This content was published on Apr 24, 2001 Unions are also calling on their members to demonstrate against the restructuring plans in Geneva and Paris. “We are going to demonstrate in front of the banks which the SAirGroup is negotiating with to develop its restructuring plan,” said union leader, Eric Decarro. Decarro added that the personnel would not carry the burden for management…

SAirGroup AGM could become largest event in Swiss economic history

This content was published on Apr 24, 2001 A massive turnout could pose several logistics problems for the SAirGroup, which had initially planned 7,300 seats. Another 2,500 chairs are currently being placed in another hall, where the AGM will be projected on a large screen. The SAirGroup spokesman, Jean-Claude Donzel, fears traffic will be chaotic in Zurich. He has already recommended that shareholders…

Switzerland and Germany end aviation row

This content was published on Apr 23, 2001 Under the terms of the agreement, flights over southern Germany will be reduced by 35 per cent, from the current figure of 150,000 down to 100,000. Night flights over German territory between 2200 and 0600 will also be banned from September 1, and a reduction in flights on weekends and bank holidays is to be…

Honegger agrees terms with SAirGroup

This content was published on Apr 23, 2001 A statement issued by the Zurich-based airline conglomerate said Honegger had accepted the deal and agreed to forego any subsequent claims “in the interest of reaching a rapid and harmonious solution to this issue”. The announcement ends several days of speculation over the exact nature of Honegger’s contract with the company. Last week it was…

Zurich pulls out all the stops to attract foreign investment

This content was published on Apr 23, 2001 Stephan Kux, who is in charge of the canton’s economic development and works in the canton’s economic ministry, has a three-fold task: he has to market Zurich as a brand name able to attract the world’s biggest companies; he has to take care of existing companies located in the canton such as Sulzer and Adtranz;…

Swiss lift ban on French and Irish meat

This content was published on Apr 23, 2001 The Federal Veterinary Office said on Monday that the decision was taken because no new cases of foot-and-mouth disease had been reported in France and the Irish Republic in the past month. However, certain restrictions remain in place for meat imports from areas that were directly affected by the disease. The Veterinary Office added that…

Last-ditch talks between Switzerland and Germany to end aviation row

This content was published on Apr 23, 2001 Germany says it expects Switzerland to present new proposals for ending the long running dispute. Senior Swiss officials have raised expectations that the deadlock can be broken. But André Auer of the Federal Aviation Authority said the talks in Berlin would be very difficult for Switzerland. “I sincerely hope that it will be possible to…

Ascom poaches financial director from EMS

This content was published on Apr 23, 2001 Germann, who is finance director at the EMS Group, will take up his new position as worldwide head of Ascom Corporate Financial Services by September 30 at the latest. The company said in a statement that Germann would bear particular responsibility for the future financing of the company. He replaces Olivier Audouard, who joined the…

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Banking & Fintech

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ABB sales results disappoint analysts

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Bon Appétit sales steam ahead

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SAirGroup faces strike action ahead of AGM

More

SAirGroup AGM could become largest event in Swiss economic history

More

Switzerland and Germany end aviation row

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Honegger agrees terms with SAirGroup

More

Zurich pulls out all the stops to attract foreign investment

More

Swiss lift ban on French and Irish meat

More

Last-ditch talks between Switzerland and Germany to end aviation row

More

Ascom poaches financial director from EMS

Popular Stories

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