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Holcim seeks capital for Mexican deal

This content was published on Mar 15, 2004 Holcim said the rights issue would increase its stake in Apasco from 68.9 per cent to 93.4 per cent at a cost of $590.9 million. In a statement from its Zurich headquarters, Holcim said that it was “delighted” that its public tender offer made to Apasco minority shareholders had been widely accepted. Under Holcim’s plans…

Swiss fast food succeeds with vegetarian recipe

This content was published on Mar 13, 2004 Buoyed by the success of the first eateries, there are plans to start exporting the unique Swiss concept by opening a Tibits branch in London. It is lunchtime and standing room only at Zurich’s Tibits. There is seating for 100 but at least half as many patrons are waiting for a place to come free…

Fashion Valley threatened by EU customs tax

This content was published on Mar 12, 2004 Zegna, Gucci, Versace and Hugo Boss have all set up major logistics centres in a region known as “fashion valley”. Ticino’s high-end rag trade is now threatened by a recent European Union decision to begin charging a 12 per cent duty on so-called re-exports, European-made goods that pass through Switzerland before returning to EU markets.…

Profit soars at Kudelski

This content was published on Mar 12, 2004 Sales were up last year by 2.5 per cent at SFr412.4 million. Kudelski, which makes software to encrypt broadcasts and smart cards to decode digital television signals, said it had strengthened its position in the digital TV sector. In a statement from its headquarters near Lausanne, the group said it had won a string of…

Dosé investigated over fatal plane crash

This content was published on Mar 12, 2004 The former director of the Federal Office for Civil Aviation, André Auer, has also been placed under investigation. The Prosecutor’s Office announced on Friday that it was widening its probe into the fatal crash of a Crossair jet near Zurich airport in November 2001. It opened a criminal investigation last month into possible negligent homicide…

Swiss biotech industry is booming

This content was published on Mar 11, 2004 At the end of last year, Switzerland was home to 227 biotech companies – up from 216 in 2002. “I think the industry is looking very optimistic for the future. The year 2003 was probably the second best financing year on a global basis,” Jürg Zürcher, biotech expert at Ernst & Young Switzerland, told swissinfo.…

The rise and fall of André Dosé

This content was published on Mar 11, 2004 His resignation marks the end of an era at Switzerland’s embattled national airline. Dosé was born in 1957 in Bolligen, near the Swiss capital, Bern. As a child he was fascinated by flying and gained his private pilot’s licence at the age of 17. After a spell in the Biel Verkehrsschule, a college specialising in…

Profit falls by more than half at Julius Bär

This content was published on Mar 10, 2004 The Zurich-based group said it had been hurt by one-time costs and the sale of its brokerage unit. The news pushed the registered share price down at the stock exchange. At the end of trading on Wednesday, it had fallen by 8 per cent to SFr416.50 from Tuesday’s close of SFr452.50. “The 2003 financial year…

Holcim profit beats forecasts

This content was published on Mar 9, 2004 The company said the improved result, which outstripped forecasts, was due in part to its global presence and its focus on developing markets. The cement manufacturer announced on Tuesday that net profit had grown by 35.6 per cent, reaching SFr686 million ($538.78 million). Sales dropped by 3.2 per cent last year, although this was mostly…

Mental health problems remain taboo

This content was published on Mar 8, 2004 The study also found that mental health problems are still considered taboo, with many sufferers too ashamed to seek treatment. Peter Meyer, director of the Swiss Health Observatory – which published the research – said although the rates seemed high, they were in line with other developed nations. What was more worrying, Meyer said, was…

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Holcim seeks capital for Mexican deal

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Swiss fast food succeeds with vegetarian recipe

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Fashion Valley threatened by EU customs tax

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Profit soars at Kudelski

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Dosé investigated over fatal plane crash

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Swiss biotech industry is booming

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The rise and fall of André Dosé

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Profit falls by more than half at Julius Bär

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Holcim profit beats forecasts

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Mental health problems remain taboo

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