Banking & Fintech

Sulzer sees orders rise amid takeover worries

This content was published on Apr 17, 2001 The Winterthur-based company said the rise was “mainly attributable to Sulzer industries core business on which Sulzer will be based in the future” and that it expected “an ongoing positive trend in order intake for the current year”. Sulzer, which is facing a hostile bid attempt from Swiss investment group InCentive, has been under pressure…

Georg Fischer expands in Japan

This content was published on Apr 17, 2001 The existing joint venture, Kubota Georg Fischer, has been run as a 50/50 joint venture for the past 15 years and focused on the industrial and building technology markets. Georg Fischer said in a statement that the joint venture had been profitable for many years and that annual sales had now reached about SFr50 million…

Sales up at Vögele

This content was published on Apr 17, 2001 The Pfäffikon-based group, which gave no absolute levels over the first quarter, revealed its figures for 2000 last month. At that time the company said it expected a sales rise in 2001 of 29 per cent, an increase in earnings before interest and taxes of 12 per cent, and a net profit margin of between…

Easter traffic easing on Europe’s main north-south axis

This content was published on Apr 13, 2001 Frustrated holiday makers making the journey south to Italy for Easter spent much of Friday trapped in their cars, after traffic ground to a halt on the approach to the Gotthard tunnel. At one stage, there were tailbacks stretching 10 kilometres. The Swiss Touring Club earlier issued warnings to motorists to avoid the A2 motorway…

Contrasting fortunes of Basel’s drug giants

This content was published on Apr 13, 2001 “Novartis is our favourite among Swiss pharmaceutical companies,” Zurich Cantonal Bank analyst, Manfried Gyr, told swissinfo. “It has a strong near-term product pipeline and has focused its marketing efforts on the growth drivers, which are the most important products.” Novartis, with its clutch of fresh drugs ready to hit the market, has seen its sales…

Business outlook

This content was published on Apr 13, 2001 The battle for Sulzer has intensified since InCentive Capital, which is owned by financier Réné Braginsky, increased its offer for Sulzer’s industrial operations by SFr20 to SFr430 per share. Sulzer said the SFr4 billion ($2.35 billion) bid came nowhere near the company’s real value. InCentive, which accuses Sulzer of failing to deliver an adequate return…

Silver lining amid dark clouds hanging over SAirGroup

This content was published on Apr 13, 2001 Last month’s news that SAirGroup had chalked up record losses of SFr2.9 billion ($1.71 billion) drove the company’s share price to new lows, and has now sparked an investigation into its bookkeeping practices. But there are parts of SAirGroup that are highly successful. What has gone practically unnoticed is the inauguration of a plant in…

Fascinating facts about chocolate

This content was published on Apr 13, 2001 Few sweet lovers know that the much-maligned mosquito plays a vital role in the creation of chocolate. The reason is because the cacao tree – from which all commercial chocolate is derived – relies on these nasty insects to pollinate its flowers. That’s just one of the fascinating facts in an exhibition devoted to the…

Easter is big business for Swiss chocolate firms

This content was published on Apr 13, 2001 Ernst Tanner, chairman and chief executive of Swiss chocolate maker Lindt and Sprüngli, gave no exact sales figures, but underlined the importance of Easter for his canton Zurich-based company. “Easter together with Christmas are the most important seasons for Lindt and Sprüngli,” Tanner told swissinfo. “Although it does depend on which country you’re doing business…

The business week in review

This content was published on Apr 13, 2001 Sulzer’s top management broke into an investors’ roadshow to come back to Zurich on Monday to formally declare their rejection of the SFr4 billion ($2.4 billion) hostile bid. Sulzer believes the offer undervalues the company. InCentive, which is owned by financier Réné Braginsky, upped the stakes last week by increasing its offer for Sulzer’s industrial…

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Banking & Fintech

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Sulzer sees orders rise amid takeover worries

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Georg Fischer expands in Japan

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Sales up at Vögele

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Easter traffic easing on Europe’s main north-south axis

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Contrasting fortunes of Basel’s drug giants

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Business outlook

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Silver lining amid dark clouds hanging over SAirGroup

More

Fascinating facts about chocolate

More

Easter is big business for Swiss chocolate firms

More

The business week in review

Popular Stories

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