Cluster: Archive

Sulzer shares suspended while AGM underway

This content was published on Apr 19, 2001 Shareholders are set to decide on the 167-year-old company’s fate, voting to either support current management or cast their lot with Braginsky’s InCentive Capital group, which has mounted the hostile bid worth $1.5 billion ($878 million) for Sulzer’s traditional engineering operations. InCentive wants to replace the present board with its own team of directors, led…

Sika Finance lifts profits

This content was published on Apr 19, 2001 The Swiss-based company, which makes chemicals for the construction industry along with industrial materials for the building sector, said it was raising its dividend to 23 per cent from 21 per cent of its nominal share value. Bearer shares carry a nominal value of SFr60 and registered shares SFr10. “Thanks to our worldwide market presence,…

Credit Suisse buys Spain’s General de Valores

This content was published on Apr 19, 2001 Switzerland’s second largest financial group said the acquisition was still subject to regulatory approval and gave no financial details. General de Valores, based in Barcelona, has 840 million euros (SFr1.3 billion) in assets under management. It has 20,000 clients and a network of 150 financial advisors. The move fits into Credit Suisse’s strategy to serve…

Sales flat at Clariant

This content was published on Apr 19, 2001 The Basel-based group said it expected business to pick-up from around mid-year. “On account of negative currency effects, sales in Swiss francs remained on last year’s level,” it said in a statement. The company said last month that business had had a sluggish start this year because of the difficult situation in the automotive industry,…

Novartis sees pharma sales climb

This content was published on Apr 19, 2001 The Basel-based group said overall sales for the company rose by 11 per cent in local currencies, or by nine per cent in Swiss francs, to SFr7.3 billion in the first quarter. Novartis, which is also Switzerland’s largest company in terms of market capitalisation, expects that its efforts to launch a further five products this…

Drug firms expected to abandon case over cut-price medicines

This content was published on Apr 18, 2001 A lawyer representing the 39 drug companies, which include Switzerland’s Novartis and Roche, said the delay had been requested “so common ground can be found for a settlement”. Aid agencies suggested that the firms had finally caved in pressure amid charges that they were putting profits ahead of lives. A senior policy adviser at the…

Internet “freaks” are normal after all

This content was published on Apr 18, 2001 The results of the survey, published in Bern on Wednesday, appear to contradict the notion that “Internet freaks” are lonely people who shy away from direct face-to-face contact with others. The study by Bettina Heintz and Christoph Müller reveals that people who frequent online chat rooms or news groups are as socially adept as their…

SAirGroup’s French airlines go out on strike

This content was published on Apr 18, 2001 Unions called on all staff to stop work and demonstrate in the centre of Paris over their concerns about the future of the two loss-making airlines. Management of the two airlines have said the strike would leave the airlines’ national network grounded on Wednesday. However, long-haul flights will not be affected by the action and…

Zurich to cut 460 jobs in Britain

This content was published on Apr 18, 2001 The company, which was formed from the merger of Switzerland’s Zurich Group and British American Tobacco’s financial services arm, said most of the cuts would be achieved through natural wastage. Zurich Financial will have to bear a one-off restructuring charge of about SFr36 million, but the move is still expected to save the business SFr123.5…

Drug firms expected to drop case over cut-price medicines

This content was published on Apr 18, 2001 The legal battle between 39 pharmaceutical firms and the South African government resumed in the courts on Wednesday, and was immediately postponed at the firms’ request. A lawyer representing the companies, Fanie Cilliers, said the delay had been requested “so common ground can be found for a settlement”. A spokesman representing the South African government…

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Sulzer shares suspended while AGM underway

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Sika Finance lifts profits

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Credit Suisse buys Spain’s General de Valores

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Sales flat at Clariant

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Novartis sees pharma sales climb

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Drug firms expected to abandon case over cut-price medicines

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Internet “freaks” are normal after all

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SAirGroup’s French airlines go out on strike

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Zurich to cut 460 jobs in Britain

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Drug firms expected to drop case over cut-price medicines

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