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Ascom profits rise as company shrinks

This content was published on Sep 6, 2005 The improved result comes after the company’s decision to narrow its focus and sell off some business units. Earnings before interest and tax (Ebit) rose to SFr50.3 million from SFr29.8 million during the same period a year ago. Sales fell to SFr513.6 million from SFr595.7 million in the first six months of 2004. Analysts at…

Airline entrepreneur beds down in Basel

This content was published on Sep 5, 2005 British-Greek entrepreneur Stelios Haji-Ioannou also explains why he selected Geneva and Basel as hubs for his low-cost airline. Stelios, as he prefers to be called, founded easyJet in 1995 with two leased aircraft. The airline has since expanded to become one of the largest low-cost operations of its kind in the world. easyJet is the…

Julius Bär strives for scale

This content was published on Sep 5, 2005 Penman, who is a senior global equity analyst with Barclays Stockbrokers, says the bank’s acquisition of UBS’ wealth unit would help it reach the size it needs in today’s competitive environment. Under the terms of the deal, valued at SFr5.6 billion ($4.6 billion), Julius Bär will give SFr3.8 billion in cash to UBS for the…

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Scientists call for approval of labour accord

This content was published on Sep 5, 2005 At a media conference in the capital, Bern, on Monday, they said that international cooperation was vital for science and research in Switzerland. Swiss voters will have the final say on extending a labour accord to the ten new EU member states, mainly in eastern Europe. The agreement is part of a first set of…

Poles predict no mass migration to Switzerland

This content was published on Sep 5, 2005 But when swissinfo travelled to the Polish capital, Warsaw, it seemed that most Poles were in no hurry to pack their bags and head for Switzerland. It’s now more than one year since Poland was admitted to the EU, marking the start of a new era for the former communist country. While the Stalinist-era Palace…

Swiss Life profit jumps by nearly a third

This content was published on Sep 5, 2005 The company said that the result, which beat analysts’ forecasts, confirmed its turnaround over the past three years, following a SFr1.7 billion loss in 2002. A poll of analysts by the Reuters news agency had forecast an average net profit of SFr346 million, just ahead of SFr343 million for the same period last year. Swiss…

Poles predict no mass migration to Switzerland

This content was published on Sep 5, 2005 But when swissinfo travelled to the Polish capital, Warsaw, it seemed that most Poles were in no hurry to pack their bags and head for Switzerland. It’s now more than one year since Poland was admitted to the European Union, marking the start of a new era for the former communist country. While the Stalinist-era…

UBS sells wealth unit to rival Julius Bär

This content was published on Sep 5, 2005 With SFr270 billion in assets, the Bär group will become the country’s largest institution concentrating solely on asset management and private banking. Bär, the largest listed mid-sized bank in Switzerland, said it would fund the purchase mostly by a share issue, with UBS taking a 21.5 per-cent stake in the enlarged group. SBC Wealth Management…

US requests emergency aid from Switzerland

This content was published on Sep 4, 2005 In a separate development, the Geneva-based International Committee of the Red Cross (ICRC) has set up a website to help reunite families divided by the disaster. The Swiss foreign ministry said the US embassy in Bern had on Sunday submitted a list to the government of items it required. The ministry did not specify what…

Swiss retailer swallows rival

This content was published on Sep 4, 2005 The purchase, which will lead to the loss of 250 jobs, will allow Denner to strengthen its position on the Swiss retail market before the anticipated arrival of German discounters Aldi and Lidl. No purchase-price details were given, but the NZZ am Sonntag and SonntagsZeitung newspapers speculated at the weekend that the deal was likely…

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Internal: Archive

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Ascom profits rise as company shrinks

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Airline entrepreneur beds down in Basel

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Julius Bär strives for scale

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Scientists call for approval of labour accord

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Poles predict no mass migration to Switzerland

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Swiss Life profit jumps by nearly a third

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Poles predict no mass migration to Switzerland

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UBS sells wealth unit to rival Julius Bär

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US requests emergency aid from Switzerland

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Swiss retailer swallows rival

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