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Business outlook

This content was published on Apr 13, 2001 The battle for Sulzer has intensified since InCentive Capital, which is owned by financier Réné Braginsky, increased its offer for Sulzer’s industrial operations by SFr20 to SFr430 per share. Sulzer said the SFr4 billion ($2.35 billion) bid came nowhere near the company’s real value. InCentive, which accuses Sulzer of failing to deliver an adequate return…

Ticino garden earns top award for British ex-diplomat

This content was published on Apr 13, 2001 By any standards, Sir Peter Smithers has led a varied and active life. He has held senior diplomatic posts in Europe and North America, and worked as naval intelligence agent for MI6 with James Bond-creator, Ian Fleming. He also had spells as a member of parliament and secretary-general of the Council of Europe. But somehow…

Apatosaurus Max and friends show their bones in Switzerland

This content was published on Apr 13, 2001 The bones and skull of an Apatosaurus – named “Max” by the Swiss team – joins the nearly complete skeleton of an Allosaurus (“Big Al Two”), as the two most impressive finds among the collection. The exhibition opens on April 16. One of the largest land animals that ever existed, the plant-eating Apatosaurus measured up…

Silver lining amid dark clouds hanging over SAirGroup

This content was published on Apr 13, 2001 Last month’s news that SAirGroup had chalked up record losses of SFr2.9 billion ($1.71 billion) drove the company’s share price to new lows, and has now sparked an investigation into its bookkeeping practices. But there are parts of SAirGroup that are highly successful. What has gone practically unnoticed is the inauguration of a plant in…

Fascinating facts about chocolate

This content was published on Apr 13, 2001 Few sweet lovers know that the much-maligned mosquito plays a vital role in the creation of chocolate. The reason is because the cacao tree – from which all commercial chocolate is derived – relies on these nasty insects to pollinate its flowers. That’s just one of the fascinating facts in an exhibition devoted to the…

Easter is big business for Swiss chocolate firms

This content was published on Apr 13, 2001 Ernst Tanner, chairman and chief executive of Swiss chocolate maker Lindt and Sprüngli, gave no exact sales figures, but underlined the importance of Easter for his canton Zurich-based company. “Easter together with Christmas are the most important seasons for Lindt and Sprüngli,” Tanner told swissinfo. “Although it does depend on which country you’re doing business…

The business week in review

This content was published on Apr 13, 2001 Sulzer’s top management broke into an investors’ roadshow to come back to Zurich on Monday to formally declare their rejection of the SFr4 billion ($2.4 billion) hostile bid. Sulzer believes the offer undervalues the company. InCentive, which is owned by financier Réné Braginsky, upped the stakes last week by increasing its offer for Sulzer’s industrial…

Policy-makers see how the wind blows

This content was published on Apr 12, 2001 Wind power accounts for just 0.005 per cent of Swiss electricity production compared with about 60 per cent from water power and almost 40 per cent from nuclear power. The Federal Office for Energy reckons that in the long term, about 3.5 per cent of Switzerland’s electricity needs could eventually be met by wind power…

Pressure mounts on SAirGroup over huge losses

This content was published on Apr 12, 2001 A statement from the corporate governance consultancy, Deminor, questioned the origin of losses at the French airlines AOM/Air Liberté. It said investors wanted clarification of operations sanctioned by the SAirGroup and the other main shareholder, Marine Wendel, that may have unjustifiably weighed on the airlines’ results. One of Deminor’s questions relates to the policy of…

Schindler gets a lift from Hong Kong

This content was published on Apr 12, 2001 The contract will see Schindler provide 48 escalators for the Ma On Shan line with work due for completion by December 2004. In addition, the company will build another 20 escalators and six moving walkways for pedestrian links to the metro system. The contract has an initial value of SFr18 million ($10.5 million), with options…

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Business outlook

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Ticino garden earns top award for British ex-diplomat

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Apatosaurus Max and friends show their bones in Switzerland

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Silver lining amid dark clouds hanging over SAirGroup

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Fascinating facts about chocolate

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Easter is big business for Swiss chocolate firms

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The business week in review

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Policy-makers see how the wind blows

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Pressure mounts on SAirGroup over huge losses

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Schindler gets a lift from Hong Kong

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