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Ares-Serono registers record sales

This content was published on Jan 18, 2000 The biotechnology company, Ares-Serono, has posted strong double digit growth, with 1999 sales up 14.8 per cent. Sales have broken through the SFr1.5 billion($1 billion) threshold for the first time, with fourth quarter sales up more than eight per cent to a record of more than SFr430 million. “Surpassing our goal of $1 billion in…

Swiss Federal Railways moots merger

This content was published on Jan 17, 2000 There have been further reports about a possible merger between the Swiss Federal Railways and the BLS Lötschberg Railway. A Federal Railways spokesman, Reto Kormann, confirmed that the issue had been raised during discussions between the two railways on increased co-operation. He added that savings of up to SFr50 million could be made annually if…

Zermatt wraps up creativity symposium

This content was published on Jan 17, 2000 Some 300 business leaders have spent four days in the Swiss resort of Zermatt learning about the art of motivation. Now in its tenth year, Zermatt’s international symposium on creativity brings together leading figures from the world of business with personalities from the world of the arts and philosophy. The idea behind it, says its…

Swiss pharmaceutical giants relaxed about Glaxo merger

This content was published on Jan 17, 2000 The big Swiss pharmaceutical companies, Roche and Novartis, say they are relaxed about the news of the merger between the two British giants, Glaxo Wellcome and Smithkline Beecham. It will create the biggest pharmaceuticals group in the world, worth nearly 200 billion dollars. Novartis, which ranks sixth in the world, said it was strong enough…

Swisscom links up with US e-commerce company

This content was published on Jan 17, 2000 Switzerland’s largest telecommunications company, Swisscom, has linked up with the United States e-commerce firm, Commerce One, to launch a new online marketplace. Swisscom will try to ensure the success of the new venture by becoming its first customer. The new electronic marketplace will be based on one of Commerce One’s existing products, and operated by…

Committee to unveil measures in aftermath of Hurricane Lothar

This content was published on Jan 17, 2000 A crisis committee set up by the federal government two weeks ago is due to announce measures today to deal with the damage to Swiss forests caused by Hurricane Lothar. The committee is made up of forestry experts and industry officials, as well as environment specialists and cantonal representatives. The storm which hit Switzerland on…

Storm devastation brings environmental risks

This content was published on Jan 17, 2000 In the second in series of audio reports, Theo Leggett looks at the environmental impact of Hurricane Lothar, which swept through Switzerland in the last week of December, killing at least 14 people and destroying vast areas of forest, which had taken years to cultivate. In the weeks since the storm, much of the damage…

Leading politician rejects Anglo-Saxon capitalism

This content was published on Jan 16, 2000 A leading centre-left parliamentarian has poured scorn on suggestions that Switzerland should reform its political system along the lines of the United States and Britain, after the head of the Credit Suisse group said the country needed to undergo radical privatisation therapy. Franco Cavalli, the Social Democrat’s parliamentary leader, outlined his vision of Switzerland’s future…

Black boxes from Crossair crash intact

This content was published on Jan 16, 2000 The flight recorders from the Crossair plane which crashed last Monday near Zurich are intact, according to the Swiss air investigation bureau. Officials said the black box in the cockpit had recorded the pilots’ conversation just before the plane went down, killing all 10 people on board. The Swiss air investigation bureau revealed that the…

The business week ahead in Switzerland

This content was published on Jan 16, 2000 The coming week promises to be a busy one for the Swiss corporate sector. The banking giant, UBS, will start its previously announced share buy-back programme on Monday. The move is designed to reduce equity capital and lead to an earnings concentration for shareholders. The shares re-purchased will be cancelled following the approval of shareholders…

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Ares-Serono registers record sales

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Swiss Federal Railways moots merger

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Zermatt wraps up creativity symposium

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Swiss pharmaceutical giants relaxed about Glaxo merger

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Swisscom links up with US e-commerce company

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Committee to unveil measures in aftermath of Hurricane Lothar

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Storm devastation brings environmental risks

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Leading politician rejects Anglo-Saxon capitalism

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Black boxes from Crossair crash intact

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The business week ahead in Switzerland

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