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Britain bids goodbye to Ovaltine

This content was published on Apr 4, 2001 After 88 years the Basel-based healthcare group is transferring production from Hertfordshire in southern England to Neuenegg in Switzerland. The move will be made by May 2002 and will mean the loss of 240 jobs. Although Ovaltine is considered by many Britons to be part of their national heritage, it was in fact invented in…

Geneva hosts annual celebration of ingenuity

This content was published on Apr 4, 2001 The organisers of the “International Exhibition of Inventions, New Techniques and Products” boast that “nowhere exists where it is possible to find so much knowledge in so many different fields”. Over the next five days, the fair will host a record 725 exhibitors from over 40 countries, including more than 50 from Switzerland. Altogether, 1,000…

Shares nosedive at SAirGroup

This content was published on Apr 3, 2001 Trading in the company’s shares had been suspended on Monday as the markets awaited the long expected bad news but the share price went into a tailspin when trading resumed. Shares fell to a six year low of SFr125 during the trading session before rallying slightly to close at SFr140. The new chairman and chief…

Ageing Swiss not likely to burden society

This content was published on Apr 3, 2001 The figures come from Pro Senectute’s new publication, “The Elderly: the generation of the future”, which is aimed at answering questions on ageing and retirement. The organisation says that by the middle of the 21st century there will be one retired person for every two people working. The figures reveal the changing demographics of Switzerland’s…

SAirGroup shares hammered by news of record losses

This content was published on Apr 3, 2001 SAirGroup’s share price went into a tailspin on Tuesday, after trading in the stock was suspended on Monday when the company revealed a loss of SFr2.9 billion ($1.67 billion) for 2000 – the largest in its history. “It is too early to bet on a turnaround,” said Zurich Kantonalbank analyst, Patrik Schwendimann, as uncertainty remains…

ABB shares fail to recover amid worries over asbestos claims

This content was published on Apr 3, 2001 Shares in the group failed to recover on Tuesday after plummeting nearly 16 per cent the day before, following the company’s admission that it was facing around 66,000 personal-injury claims for its asbestos-related activities. In its annual report, ABB said it did not know what the ultimate cost of settling the claims could be, but…

Swiss investment guru attacks Roche board

This content was published on Apr 3, 2001 Ebner, whose BZ Group is a major Roche shareholder, vented his displeasure at the annual shareholders’ meeting in Basel on Tuesday. He took the largely symbolic step of refusing to ratify the board’s report. Roche’s founding families, who control a majority of the voting rights while holding less than 10 per cent of the equity…

Swiss tests support UN claims that depleted uranium poses little risk

This content was published on Apr 3, 2001 The Swiss federal weapons laboratory in the town of Spiez said on Tuesday that its tests had showed that radiation in the soil given off by spent depleted uranium (DU) shells in Kosovo was lower than that of naturally occurring uranium. The laboratory examined 77 soil and munitions samples from seven different locations in Yugoslav…

Healthy performance from Bon Appétit

This content was published on Apr 3, 2001 The group, which is a leading wholesale supplier and “cash & carry” store chain, said it expects “double-digit earnings growth” in 2001. Last year was the first full business year since the merger of Bon Appétit and Usego Hofer Curti. During the year the company managed to lift sales by 4.7 per cent to SFr3.3…

Inflation edges higher

This content was published on Apr 3, 2001 The year-on-year inflation rate, which was released on Tuesday, compared to a rate of 0.8 per cent in February and a rate of 1.5 per cent in March of 2000, the office said. UBS Warburg economist, Andreas Höfert, told swissinfo that the inflation data was in line with his expectations. The main factors behind the…

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Britain bids goodbye to Ovaltine

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Geneva hosts annual celebration of ingenuity

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Shares nosedive at SAirGroup

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Ageing Swiss not likely to burden society

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SAirGroup shares hammered by news of record losses

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ABB shares fail to recover amid worries over asbestos claims

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Swiss investment guru attacks Roche board

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Swiss tests support UN claims that depleted uranium poses little risk

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Healthy performance from Bon Appétit

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Inflation edges higher

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