Cluster: Archive

Shares jump as profits soar at Serono

This content was published on Mar 6, 2001 The Geneva-based group’s fourth quarter performance was particularly strong with net income at $90.7 million versus $54.0 million a year ago. Analysts had forecast net income for the year as a whole of between $268-292 million, up from $184 million in 1999. “This performance results from the very strong growth of our business and our…

Germany learns lessons about BSE from Switzerland

This content was published on Mar 6, 2001 After meeting the Swiss economics minister, Pascal Couchepin, on Tuesday, Künast said she had been particularly interested to find out how the various government departments and agriculture organisations were working together to cope with the BSE crisis. “I wanted to learn more about the clearing-up operation and how the parties concerned cooperate.” She added that…

Ascom sells cash handling business to British firm

This content was published on Mar 6, 2001 Ascom chief executive, Urs Fischer, said in a statement on Tuesday that the sale was a further step in the company’s strategy of refocusing on core activities to boost profitability. De La Rue will take on all the 142 staff employed in the Swiss cash handling business, which will be renamed De La Rue Cash…

Julius Baer sees asset management as key to stronger profits

This content was published on Mar 6, 2001 The company said in a statement that it intends to achieve this goal through expanding its key asset management business. The bank saw net profits rise by 63 per cent to SFr433 million ($262.2 million) last year, despite a slowdown in earnings growth in the second half of the year. Assets under management, a key…

Nestlé takeover facing scrutiny by US trade authorities

This content was published on Mar 6, 2001 The FTC is seeking more information about the deal, which would make Nestlé the world’s biggest pet food company, and is seeking to extend the deadline by which the purchase must be approved. The takeover would enable Nestlé to add such household names as Ralston’s Dog and Cat Chow to its range of Friskies cat…

Health insurers call for action on drug prices

This content was published on Mar 5, 2001 In a statement issued on Monday, the association of Swiss health insurers said that last year the price of medicines covered by obligatory insurance had risen by more than 10 per cent. Around one fifth of revenue from premiums is now spent on medicines. The association said prices could not be allowed to spiral out…

Dimitri: I love the true Ticinese

This content was published on Mar 5, 2001 A familiar figure in many countries, Dimitri has been awarded such prestigious distinctions as the Grock Prize and the Hans Reinhart Ring. He maintains a close relationship with Ticino where he was born 66 years ago. “The fact that I come from Ticino has helped me in my career, even though I do not regard…

SAirGroup could shelve European Leisure Group plan

This content was published on Mar 5, 2001 SAirGroup spokesman, Hans Klaus, said the company is reassessing the future of its European Leisure Group (ELG), which was meant to be an umbrella organisation for several European airlines in which it owns stakes, including Swiss charter unit Balair, LTU in Germany, Volare/Air Europe in Italy and Sobelair in Belgium. The company said, though, that…

Mario Maccanelli: a passion for banking and art

This content was published on Mar 5, 2001 A native of canton Graubünden, he has worked for the past 24 years at the Banca del Gottardo in Lugano. But these days he prefers art to hard-hitting headlines on banking secrecy. “People today have forgotten how to listen. I detest aggressive sensationalism, and in Ticino most people are incapable of asking the right kind…

Dick Marty: the man who brought parliament to Ticino

This content was published on Mar 5, 2001 Before becoming involved in politics, Marty had a distinguished career as a magistrate, taking a close interest in the fight against organised crime and drug trafficking. “My suggestion to hold a session of the Federal Parliament in Italian-speaking Switzerland was inspired by a similar session held in Geneva in 1993, which did much to improve…

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Shares jump as profits soar at Serono

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Germany learns lessons about BSE from Switzerland

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Ascom sells cash handling business to British firm

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Julius Baer sees asset management as key to stronger profits

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Nestlé takeover facing scrutiny by US trade authorities

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Health insurers call for action on drug prices

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Dimitri: I love the true Ticinese

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SAirGroup could shelve European Leisure Group plan

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Mario Maccanelli: a passion for banking and art

More

Dick Marty: the man who brought parliament to Ticino

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