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Leap in sales at Lindt & Sprüngli

This content was published on Mar 14, 2006 Sales revenue went up by 12.6 per cent to SFr2.25 billion ($1.89 billion) and net income rose to SFr172.7 million. The results are potentially music to the ears of investors – the company’s board is proposing a dividend of SFr225 per registered share and SFr22.50 for each participation certificate. The figures will be discussed on…

Swiss firms keep new Europe at arm’s length

This content was published on Mar 13, 2006 A survey of 966 Swiss small and medium-sized enterprises (SMEs) found only 2.4 per cent more firms doing business in the ten new EU countries since enlargement with few having or planning production plants. The Osec Business Network Switzerland report, released in Zurich on Monday, dampened concerns that EU enlargement on May 1, 2004, would…

Blockbuster results at Kühne & Nagel

This content was published on Mar 13, 2006 Net profit for 2005 at the Swiss-based company improved by 32.3 per cent to SFr315 million ($239.1 million), while turnover grew by just over a fifth to SFr14.5 billion. Shareholders can expect a dividend of SFr5.50 per share, a quarter more than in 2004, according to a company statement on Monday. The Swiss logistics and…

Swiss set course to free trade

This content was published on Mar 13, 2006 The main beneficiaries of these accords are exporters and consumers. Farmers, however, may have to fight for survival. The House of Representative looks set to approve the accord this week while the debate in the Senate will take place at a later date. Around half of Switzerland’s wealth is derived from its exports, such as…

Swiss authorities prepare ground for bears

This content was published on Mar 11, 2006 In response, the authorities have put together a strategy document – known as the Bear Concept – to manage and protect the species. The Federal Environment Office’s document, which gives guidelines on the balance between the interests of bears and humans, has been sent to the relevant organisations for consultation. “It is necessary to create…

Davidoff celebrates cigar centenary

This content was published on Mar 11, 2006 Cigar lovers everywhere know the name Davidoff, which has since the entrepreneur’s death in Geneva in 1994 been transformed into a brand of luxury consumer products. “The cigar has been my life. I owe it everything: my deepest pleasure and my anguish, the joys in my work as well as my leisure time. “And if…

Government announces cuts to army exports

This content was published on Mar 10, 2006 The cabinet said it would continue with its practice of approving all military exports before they can be shipped. In the case of excess war materiel, this would have to be re-sold primarily to its country of origin or handed back without charge. The defence ministry also announced that in future not only forwarding military…

Microfinance taps capital markets for loans

This content was published on Mar 10, 2006 The firm, BlueOrchard, is a pioneer in selling debt on the international financial markets to provide loans for entrepreneurs who otherwise have no source of funding. The new debt issue is further evidence that funding for microfinance institutions (MFIs) does not have to depend on charity alone. The bond is worth $106 million (SFr137.5 million)…

Switzerland rejects EU tax criticism

This content was published on Mar 9, 2006 The official Swiss position was detailed in a ten-page letter personally delivered to the EU on Thursday by ambassador Bernhard Marfurt. “We presented a solid and transparent document, and now we are calmly awaiting the EU Commission’s reply,” Marfurt told the media. The document stated Switzerland’s “firm conviction that the tax rules for companies do…

Swiss regional banks among Europe’s strongest

This content was published on Mar 9, 2006 S&P said it expects the cantonal banks’ strong financial and business profiles to be sustained. The report said this vote of confidence was based on “the stability of underlying revenues, cost control, the sound shape of Swiss property markets and continued earnings retention”. “Swiss cantonal banks have been unfazed by the low interest and low…

Internal: Archive

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Internal: Archive

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Leap in sales at Lindt & Sprüngli

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Swiss firms keep new Europe at arm’s length

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Blockbuster results at Kühne & Nagel

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Swiss set course to free trade

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Swiss authorities prepare ground for bears

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Davidoff celebrates cigar centenary

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Government announces cuts to army exports

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Microfinance taps capital markets for loans

More

Switzerland rejects EU tax criticism

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Swiss regional banks among Europe’s strongest

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