Banking & Fintech

OBH looks to future as Unaxis

This content was published on Apr 4, 2000 The Oerlikon-Bührle group (OBH), which has been increasingly focusing its activities on high technology and has changed its structures radically, is back in the black and has a new name. At a news conference in Zurich, the group announced Tuesday it was changing its name to Unaxis. It will have three core divisions – information…

The Internet booms…but will it explode?

This content was published on Apr 4, 2000 Investors have proved once again this week that for the time being, the Internet is where money is to be made. Monday’s spectacular start for Day Interactive of Basel made the four men at the company helm paper multi-millionaires in minutes. However, questions are being asked whether the Internet bubble on the stock markets will…

Yellow giant aims for leading e-business role

This content was published on Apr 4, 2000 The Swiss Post has launched a major initiative for doing business via the Internet by founding a new subsidiary called “yellowworld”. With five partners, the Post intends to create 300 jobs and invest SFr200 million in the company by the year 2002. Under the trade name yellowgate.ch, the Post will offer an Internet portal for…

Swiss economics minister reiterates support for China’s entry into WTO

This content was published on Apr 4, 2000 Switzerland’s economics minister, Pascal Couchepin, has reiterated his support for China’s rapid accession to the World Trade Organisation. Speaking to the Swiss-Chinese Chamber of Commerce in Zurich, he said such a move would open the way for greater investment in China. “Including Hong Kong, Beijing is our second biggest commercial partner in Asia,” Couchepin said.…

Sweet result for chocolate maker

This content was published on Apr 4, 2000 The premium chocolates maker, Lindt & Sprüngli, says its profits rose 11 per cent last year. The company, which is based near Zurich, said its sales were also up seven per cent to SFr1.4 billion. However, analysts had been predicting a better result, forecasting a net profit of SFr73.2 million. They have become increasingly confident…

Schindler lifts profits

This content was published on Apr 3, 2000 The Swiss escalator and elevator company, Schindler, has posted 1999 net profits up six per cent at SFr238 million. Sales in 1999 rose to SFr7.7 billion from SFr6.6 billion the previous year. The figures are slightly above analysts’ expectations. ‘From today’s point of view, we expect a slightly higher net profit in 2000 than the…

Zermatt faces bankruptcy as debts pile up

This content was published on Apr 3, 2000 The central lending body for Switzerland’s communes has launched an injunction against the resort of Zermatt, after mounting debts and insolvency. In addition, the lending body warned that the financial situation in Zermatt and other municipalities in canton Valais was so bad, they could soon find themselves bankrupt. In the light of this, it has…

The business week ahead

This content was published on Apr 2, 2000 Attention will be focused this week on Swiss lift maker, Schindler, as it unveils its 1999 results, amid reports of a potential merger with the Otis elevator company. Analysts are upbeat about Schindler’s prospects, with CFSB saying in its latest report that the Swiss lift maker is in a position to capture additional market share,…

Swiss Life backs takeover of French partner

This content was published on Apr 2, 2000 The Swiss insurance company, Swiss Life, says it will support a takeover bid of the French bank, CCF, in which it is a major shareholder. The company made the announcement after the international banking group, HSBC, put in an offer to buy CCF. Swiss Life and CCF’s other major shareholders unanimously backed HSBC’s surprise takeover…

Feldschlösschen boss defends brewery sell-off

This content was published on Apr 1, 2000 The boss of the Feldschlösschen group, Robert A. Jeker (file picture), has defended a decision to sell off the company’s brewing division. Speaking on Swiss radio, he said the sale was in the best interests of customers, employees and shareholders. Jeker told Swiss radio DRS that once a deal was complete, the “misunderstandings” surrounding the…

Banking & Fintech

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Banking & Fintech

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OBH looks to future as Unaxis

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The Internet booms…but will it explode?

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Yellow giant aims for leading e-business role

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Swiss economics minister reiterates support for China’s entry into WTO

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Sweet result for chocolate maker

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Schindler lifts profits

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Zermatt faces bankruptcy as debts pile up

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The business week ahead

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Swiss Life backs takeover of French partner

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Feldschlösschen boss defends brewery sell-off

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