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Big British retailer moves into Swiss market

This content was published on Apr 20, 2006 Loved by Brits for its lingerie, the 122-year-old chain’s arrival in Geneva comes as both the company and its clothing lines are recovering some of their former lustre. The new store, which will open on the city’s highly competitive Rues-Basses on April 27, is expected to be the first of five Marks & Spencer (M&S)…

Computer gadgets boost Logitech profits

This content was published on Apr 20, 2006 Sales for the year ending on March 31 were $1.8 billion (SFr2.29 billion), up 21 per cent over the previous fiscal year. Net profit rose to $181 million. Fourth-quarter sales were $466 million, up 16 percent from $403 million for the same quarter period year ago. “We are very pleased with the company’s strong performance,…

Chiron shareholders approve Novartis deal

This content was published on Apr 19, 2006 California-based Chiron said on Wednesday its shareholders had approved the deal with the Basel-based company, which already owns 44 per cent of Chiron’s shares. Chiron said more than 85 per cent of its outstanding shares were cast in favour of the agreement, which it expects to close on Thursday as all necessary regulatory approvals had…

Catering industry losses bottom out

This content was published on Apr 19, 2006 But Gastrosuisse, the restaurant owners’ association, said on Wednesday that overcapacity in the sector remained a concern. Despite stagnant sales of around SFr22 billion ($18 billion) over the past year – little change on the previous year – Gastrosuisse said it now expects business to start picking up. Of the SFr22 billion, SFr16 billion came…

Skyguide posts record traffic volumes in 2005

This content was published on Apr 19, 2006 The company, which is based in Geneva, has faced an uphill battle since its creation in 2001, both in terms of operating safety, quality and cost (see related story). At a news conference in Zurich on Wednesday, Skyguide said it handled 1.13 million instrument flight rules (IFR) flights in 2005, beating the 1.11 million recorded…

Skyguide flying through turbulent skies

This content was published on Apr 19, 2006 Created in 2001, Skyguide was rocked by an air crash a year later, the related murder of a controller in 2004, questions over safety, and a government order to make substantial savings. The agency was hit with further bad news in March this year, after its new centre in Geneva – set up to manage…

Economy to stay robust despite high oil price

This content was published on Apr 18, 2006 Seco’s chief economist made the comment after London’s Brent crude hit an all-time high of $72.20 a barrel on fears that Iran’s nuclear standoff with the West could cut oil exports. Aymo Brunetti said other economic factors including low inflation were so favourable that the forecast of two per cent growth this year (based on…

Swiss assess effects of Chernobyl disaster

This content was published on Apr 18, 2006 The southern canton of Ticino still bears the brunt of the worst accident in nuclear history, the Federal Health Office said on Tuesday. High radioactivity was still being registered in wild mushrooms and meat. The health effects of the Russian accident remain unstudied to a large degree, although there is not thought to be any…

Doctors hit back at claims of overcharging

This content was published on Apr 17, 2006 However, the Swiss Medical Association has rejected the criticism, arguing that the method of calculation was incorrect. According to the study, nearly 12 per cent of doctors in Switzerland sent out bills that were 30 per cent higher than colleagues practising in the same canton. santésuisse said that in three out of ten cases, the…

“Simply no room” for bears in Switzerland

This content was published on Apr 15, 2006 Mountain communities, hunters and farmers rejected the concept; environmental groups welcomed the government’s efforts but called for a clearer strategy. The authorities put together the document after a brown bear was spotted several times in Switzerland last July, gaining immediate celebrity status because it was the first to be seen in the country since 1904.…

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Internal: Archive

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Big British retailer moves into Swiss market

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Computer gadgets boost Logitech profits

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Chiron shareholders approve Novartis deal

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Catering industry losses bottom out

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Skyguide posts record traffic volumes in 2005

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Skyguide flying through turbulent skies

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Economy to stay robust despite high oil price

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Swiss assess effects of Chernobyl disaster

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Doctors hit back at claims of overcharging

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“Simply no room” for bears in Switzerland

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