Internal: Archive

Mövenpick continues its recovery

This content was published on Aug 21, 2000 Group sales rose by 7.7 per cent to SFr448 million with the total sales (including management and franchise operations) notching up growth of 5.7 per cent to SFr643 million. The net income before minority interests was SFr8.9 million. In a statement, the company said “if the positive economic environment persists, Mövenpick remains optimistic, expecting good…

Success for Novartis in first half

This content was published on Aug 21, 2000 Turnover at the Basel-based group was up 15 per cent, or six per cent in local currencies, compared to the same period last year. Zurich Cantonal Bank analyst, Meinrad Gyr, told swissinfo that “operating and net earnings were in line with market expectations”, and that turnover had slightly surpassed analysts’ forecasts. Novartis’ chief financial officer,…

Profits up at Algroup ahead of planned merger

This content was published on Aug 21, 2000 Algroup, which spun off its chemicals and energy division, Lonza, last year, said the increase in profit came from improved operational efficiency and strong demand. In a statement, Algroup said it was “positive about the performance for 2000, with results expected to exceed the levels seen in 1999”. The Zurich-based company had sales of SFr6.5…

Head of BZ bank group sells shares in Roche

This content was published on Aug 21, 2000 Last February Ebner demanded that Roche create a unified share structure so shareholders’ influence would more accurately reflect their holdings. The effect would have been to give him a greater say in the running of the company – at the time, the founding family owned more than 50 per cent of the shares with voting…

SAirGroup negotiates with ReWe in search of partner for LTU

This content was published on Aug 20, 2000 SAir holds a 49,9 per cent stake in LTU, which is based in Düsseldorf. SAir could use Monday’s announcement of its financial results to close a deal with ReWe. SAir would not comment on the extent of ReWe’s participation in the goup.SAir has been looking for a partner that could overhaul LTU, Germany’s fourth largest…

The business outlook

This content was published on Aug 20, 2000 On Tuesday, Switzerland’s biggest bank UBS will disclose its results for the first six months of the year. Investment bank, Lehman Brothers, said last month that the market had to realize that there was still room for growth at UBS. The Swiss bank has been grabbing the headlines of late with its $11 billion acquisition…

Cheese-makers angry as noose tightens on holes in Emmental

This content was published on Aug 19, 2000 The US Department of Agriculture (USDA) has put forward proposals to lower the minimum size of the holes, or “eyes”. Swiss Emmental manufacturers say the move would have a devastating effect on the taste and quality of the cheese exported to the US. If the proposal is approved, and the Swiss makers don’t shrink the…

The Week In Review

This content was published on Aug 19, 2000 The Federal Customs Authority reported that Switzerland’s exporters were reaping the benefits of the continuing economic boom in the United States. Latest figures indicated that a weak currency and strong US demand had pushed exports to a record high. They showed exports last year increasing by 17.4 per cent to reach SFr13 billion ($7.6 billion).…

Experts warn of brain drain in Switzerland

This content was published on Aug 19, 2000 A panel of experts in the town of Zug on Saturday agreed that Switzerland’s education system still enjoys a high reputation. But they said more ought to be done to carry out the necessary changes to ensure that Switzerland does not lose its competitiveness. Johannes Randegger, a member of parliament and representative of the business…

New computer virus: The Swiss connection

This content was published on Aug 19, 2000 The computer specialists, Computer Associates, have warned that the “I Love You.BD” virus is a new variant of the “I Love You” bug which caused such chaos around the world earlier this year. The virus is spread in the same way, via the Microsoft Outlook e-mail programme. The mail containing the virus is named “Resume”…

Internal: Archive

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Internal: Archive

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Mövenpick continues its recovery

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Success for Novartis in first half

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Profits up at Algroup ahead of planned merger

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Head of BZ bank group sells shares in Roche

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SAirGroup negotiates with ReWe in search of partner for LTU

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The business outlook

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Cheese-makers angry as noose tightens on holes in Emmental

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The Week In Review

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Experts warn of brain drain in Switzerland

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New computer virus: The Swiss connection

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