Internal: Archive

Life insurance helps boost Swiss Re profits

This content was published on May 11, 2000 The growth in profit came despite a year which saw heavy winter storms in Europe that added around SFr 900 million to the company’s claims burden. “We’ve achieved it because we were prepared,” says Swiss Re’s chief financial officer, John Fitzpatrick. “The life insurance result more than doubled. The investment result was up more than…

Wall Street welcomes Novartis

This content was published on May 10, 2000 Novartis, based in Basel, is one of several Swiss companies that are being attracted to the world’s largest bourse. The UBS financial group announced Wednesday that it would be listed in New York from Tuesday next week. The trading of Novartis shares will be by American Depositary Receipts, with 40 ADRs equalling one registered share…

UBS to trade on New York stock exchange

This content was published on May 10, 2000 The bank said on Wednesday that it hoped the move would allow it to expand in the United States. “The listing will give UBS easier access to US investors and provides it with the strategic flexibility to benefit from potential expansion opportunities in the United States,” UBS said in a statement. The shares will start…

The cows come home to Fribourg

This content was published on May 10, 2000 It will be the first POYA festival in more than ten years, and only the sixth ever. The organisers describe it as a gigantic cowfest where not only the cows but also their geographical origins are celebrated. The Swiss breeds include, Simmental and Black Spotted, while Angus, Gasconne and Piedmontese are among some of the…

Geneva learns to cope with relocation fever

This content was published on May 10, 2000 In what is the biggest ever relocation to Geneva, Procter and Gamble is moving over 1,000 staff to its new offices in the city. They will join the more than 300 who are already employed in Geneva. Most are coming from the P&G offices in Brussels, Frankfurt and London, which will now become research centres.…

Football: Xamax Ltd to fight financial woes

This content was published on May 10, 2000 Neuchatel’s financial struggle, despite their place in the country’s top division, has been seen as an indictment of the worrying situation generally in Swiss football. While Neuchatel are yet to secure their licence to play next season, many more clubs were only given permission to continue playing after promising to improve their finances. The National…

Migros reverses decline

This content was published on May 9, 2000 The orange giant is celebrating its 75th anniversary this year and now has a finger in many pies other than the retail business, such as banking and the travel industry. The company is hoping the anniversary year could bring better results. “The beginning of the year has seen an excellent performance,” said the chairman of…

Swiss Life posts boosted profits

This content was published on May 9, 2000 Sales for 1999 rose 6.6 per cent to SFr17.9 billion. The vast majority of the company’s income came from sales of life insurance premiums (87 per cent), while the rest was from the non-life insurance sector. Swiss Life said the share of premium income from abroad had risen from 35 per cent in 1998 to…

Swiss Life reveals surge in profits

This content was published on May 9, 2000 At a news conference in Zurich, the company said on Tuesday it expected “further strong earnings growth” for the financial year 2000. “In 1999, Swiss Life made decisive progress in realising its strategy of broadening services to transform an insurance company into a financial services provider,” said Swiss Life president Manfred Zobl. The company made…

South African archbishop calls for compensation from banks

This content was published on May 9, 2000 Ndungane is on a three-day visit to Switzerland and he is urging debt relief for South Africa and for so-called reparation payments. These payments, according to the campaign, should be compensation for the support Swiss banks gave the South African government during the apartheid era when most other governmetns had introduced economic sanctions against Pretoria.…

Internal: Archive

Popular Stories

Most Discussed

Sign in and personalize Swissinfo

Internal: Archive

More

Life insurance helps boost Swiss Re profits

More

Wall Street welcomes Novartis

More

UBS to trade on New York stock exchange

More

The cows come home to Fribourg

More

Geneva learns to cope with relocation fever

More

Football: Xamax Ltd to fight financial woes

More

Migros reverses decline

More

Swiss Life posts boosted profits

More

Swiss Life reveals surge in profits

More

South African archbishop calls for compensation from banks

Popular Stories

Most Discussed