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Swatch chairman Hayek chides stock exchange speculators

This content was published on May 2, 2001 In Swatch’s annual report, released on Wednesday, Hayek described the Zurich exchange as behaving “in a superficial” way. He said speculation in general had led in some cases to absurd situations and a distortion of the international exchanges that could be compared to a game of roulette. However, Hayek said Swatch Group management was “absolutely…

Switzerland to give away more beef

This content was published on May 2, 2001 The money made available by the cabinet is expected to pay for 700 tonnes of beef. It will also provide a much-needed cash injection for the beef industry, which has seen prices for its products fall by around 30 per cent since the crisis. The announcement comes less than three months after the cabinet made…

Honegger falls from boardroom grace

This content was published on May 2, 2001 One week after officially leaving his post as chairman of the Swissair Group, formerly known as SAirGroup, the NZZ said in its Wednesday edition that Honegger would not be presenting himself for re-election at Saturday’s meeting. His decision to leave the NZZ board was forced by the controversy surrounding his one-year stint as chairman at…

Inflation edges higher

This content was published on May 2, 2001 Inflation in the year to April edged up to 1.2 per cent, increasing from 1.0 per cent in March. Over the month of April inflationary pressure in the Swiss economy rose 0.3 per cent, after increasing 0.2 per cent in the month to March. These latest figures remain in line with market expectations that the…

Serono chalks up good gains in first quarter

This content was published on May 2, 2001 The increase in business at the Geneva-based company was in line with analysts’ expectations. Serono, which makes the multiple sclerosis drug, Rebif, and hormone treatments for infertility and AIDS-related weight loss, did not update its profit forecast for the remainder of 2001. The company revealed in March that it expected strong growth to continue this…

Troubled sports promoter given bankruptcy reprieve

This content was published on May 2, 2001 ISMM said a court in canton Zug had granted an appeal to hold off bankruptcy proceedings for one month to allow it to complete its sale to the French media company, Vivendi. The company had requested a three-month stay. “Subject to certain conditions… Group Canal+ SA, a fully owned subsidiary of Vivendi Universal, will conclude…

Drive to improve safety of rollerbladers

This content was published on May 1, 2001 The Council for Accident Prevention says the number of injuries could be reduced by half if skaters were to wear protective gear consistently, such as helmets, knee and elbow pads, and special wrist protection. With its campaign, using television spots, advertisements in the press, and leaflets, the council also recommends beginners take courses in how…

Share splitting legislation comes into force

This content was published on May 1, 2001 The legislation brings Switzerland into line with a practice that has long been established in the United States and is increasing in other parts of Europe. It is aimed at improving market liquidity and broadening a company’s shareholder base. Most big companies are planning to change their capital structure in the next few months. The…

World’s largest protein research centre opens in Geneva

This content was published on May 1, 2001 The new centre, opened by the United States company, GeneProt, is designed to identify potential drugs from previously unidentified proteins. The Geneva facility has state-of-the-art equipment, searching around the clock, for the proteins that could become the therapeutic agents of tomorrow. GeneProt said the technology would significantly shorten the time required for the discovery and…

Zurich airport dumps “Unique” logo

This content was published on May 1, 2001 As of Tuesday, “Unique Zurich Airport” will revert to its original name of Zurich Airport, although the company, which runs the hub at Kloten, will retain the “Unique” name, according to airport spokesman Peter Gutknecht. The airport in Zurich is in the process of a massive expansion programme. The company plans to create over the…

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Swatch chairman Hayek chides stock exchange speculators

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Switzerland to give away more beef

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Honegger falls from boardroom grace

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Inflation edges higher

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Serono chalks up good gains in first quarter

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Troubled sports promoter given bankruptcy reprieve

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Drive to improve safety of rollerbladers

More

Share splitting legislation comes into force

More

World’s largest protein research centre opens in Geneva

More

Zurich airport dumps “Unique” logo

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