Cluster: Archive

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…

Policy-makers see how the wind blows

This content was published on Apr 12, 2001 Wind power accounts for just 0.005 per cent of Swiss electricity production compared with about 60 per cent from water power and almost 40 per cent from nuclear power. The Federal Office for Energy reckons that in the long term, about 3.5 per cent of Switzerland’s electricity needs could eventually be met by wind power…

Pressure mounts on SAirGroup over huge losses

This content was published on Apr 12, 2001 A statement from the corporate governance consultancy, Deminor, questioned the origin of losses at the French airlines AOM/Air Liberté. It said investors wanted clarification of operations sanctioned by the SAirGroup and the other main shareholder, Marine Wendel, that may have unjustifiably weighed on the airlines’ results. One of Deminor’s questions relates to the policy of…

Schindler gets a lift from Hong Kong

This content was published on Apr 12, 2001 The contract will see Schindler provide 48 escalators for the Ma On Shan line with work due for completion by December 2004. In addition, the company will build another 20 escalators and six moving walkways for pedestrian links to the metro system. The contract has an initial value of SFr18 million ($10.5 million), with options…

SAirGroup boss issues rallying call to staff

This content was published on Apr 12, 2001 In the group’s internal publication, SAirGroup News, Corti said money was not the big motivating factor in his decision to accept the challenge of becoming chairman and chief executive officer of the group, which owns Swissair and Crossair. “When the old Swissair shines in a new light again and we can proudly look back on…

Dairy prices to rise, despite record farm profits

This content was published on Apr 11, 2001 Swiss milk producers said on Wednesday that a cut in agricultural subsidies meant consumers would have to pay more for their staples. The price of butter is expected to increase by 80 centimes a kilogramme, while Emmental cheese will go up by 60 centimes and Gruyère by 130 centimes. The head of the Swiss milk…

Rieter reports good results for 2000 but sees difficult times ahead

This content was published on Apr 11, 2001 The Winterthur-based supplier of systems and services to the textile, car and plastics industries saw sales increase to SFr2.93 billion last year and is to increase its shareholder dividend by 15 per cent. But the company had a less optimistic outlook for the current year. “In view of the more difficult market conditions, it will…

Profits soar at Swiss Life

This content was published on Apr 11, 2001 The company said on Wednesday that profits had exceeded expectations by far and it described 2000 an extraordinary year. It plans to increase its pre-tax dividend by SFr2 to SFr13 and to offer shareholders a special dividend of SFr5 before tax. Financial earnings rose to SFr10.4 billion with much of that coming from swapping shares…

Sales figures at Roche unlikely to help share price

This content was published on Apr 11, 2001 Sales of key pharmaceutical products were down two per cent at SFr4.49 billion ($2.64 billion), although first quarter sales overall were supported by the diagnostics division and were up four per cent at SFr7 billion. Concerns over weak drug sales at Roche have pushed the share price sharply lower in recent months – certificates have…

Cluster: Archive

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Cluster: Archive

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Easter is big business for Swiss chocolate firms

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The business week in review

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Policy-makers see how the wind blows

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Pressure mounts on SAirGroup over huge losses

More

Schindler gets a lift from Hong Kong

More

SAirGroup boss issues rallying call to staff

More

Dairy prices to rise, despite record farm profits

More

Rieter reports good results for 2000 but sees difficult times ahead

More

Profits soar at Swiss Life

More

Sales figures at Roche unlikely to help share price

Popular Stories

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