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Schindler profits jump by 26 per cent

This content was published on Mar 13, 2001 Schindler, which based near Lucerne and is the world’s second-largest supplier of lifts and escalators, said operating revenue rose by 11 per cent to SFr8.5 billion. A statement said consolidated operating profit increased to SFr422 million (compared to SFr382 in 1999) but that the improvement of 10 per cent was “less than expected”. The company…

More turbulence for SAirGroup as shares plummet

This content was published on Mar 12, 2001 The share price went into a tailspin with rumours mounting that the company’s financial position is even worse than expected. Monday’s closing price of SFr174 per share was the lowest in five years. SAirGroup expressed concern at the market reaction, but said that it was understandable given recent media reaction to the problems within the…

Reality of malnutrition brought home to Swiss children

This content was published on Mar 12, 2001 “This is a public we’ve never focused on before,” says exhibition organiser Nadia Isler of Médecins Sans Frontières (MSF). “Even though they’re young, they’re not too young to start thinking about the problem and how we can avoid it.” She says the MSF chose malnutrition as a theme because of its pervasiveness in parts of…

Economic investment cooling down

This content was published on Mar 12, 2001 The latest survey of Swiss business released on Monday shows that the percentage difference in those expecting investment and those forecasting contraction came out at 21.1 points for 2001. The figure for 2000 was 35.7 points. The service sector such as finance, IT and telecoms expect their levels of investment to decline due mainly to…

Markets unimpressed with Unaxis results

This content was published on Mar 12, 2001 Analysts attributed the fall to the company’s less than optimistic outlook for the current year, and said that much of last year’s profits were down to a series of divestments as Unaxis continued to transform itself from an old-style industrial conglomerate. Unaxis, known until last year as Oerlikon-Bührle, posted net profit of SFr511 million ($310…

Scientists aim to demystify workings of the brain

This content was published on Mar 12, 2001 “We want to promote a better knowledge of neuroscience. We have to get the wider public involved,” says Beatrice Roth, head of the Swiss branch of the European Dana Alliance for the Brain, the driving force behind the week. Hundreds of events are being held throughout the world as part of this sixth International Brain…

SAirGroup shares plummet in wake of board’s resignation

This content was published on Mar 12, 2001 The share price went into a tailspin as rumours mounted that the company’s financial position is even worse than expected. SAirGroup’s shares have fallen by more than a quarter in the past month, and are down by over 40 per cent from last year’s high. The group is due to decide on Monday whether to…

Swiss bank faces lawsuit over initial offerings in US

This content was published on Mar 12, 2001 The New York Times says a class-action lawsuit has been launched against the seven banks, accusing them of demanding inflated brokerage commissions to artificially support share prices after their IPOs. The suit also describes “tie-in purchases” requiring investors in initial stock offerings to buy additional shares in the companies after their public launch. It says…

Eating in the dark all the rage in Zurich

This content was published on Mar 12, 2001 The restaurant’s popularity lies in its unique approach: eating at the “Blinde Kuh”, which is German for the game of blind man’s bluff, is an entirely non-visual experience. Diners sit in complete darkness, and the cooks and serving staff are all either blind or visually impaired. The restaurant, the only one of its kind in…

Let your brain take the strain

This content was published on Mar 12, 2001 Discussions, laboratory visits, events and exhibitions will help explain the functions and malfunctions of our most complex organ, which weighs a mere 1,5 kilogrammes. If you’ve got one, flaunt it seems to be the message from the organisers. Talks will cover topics as diverse as ageing, degenerative diseases, how we cope with stress, how the…

Cluster: Archive

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