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Unaxis sales up by more than a third

This content was published on Oct 25, 2000 Sales in its core businesses of Information Technology, Surface Technology and Component Special Systems rose by 38 per cent to SFr1.84 billion. In a statement, the company said: “For the business year as a whole, we continue to expect a positive development for sales and profits as well as a significant improvement on the prior…

Best ever results for Logitech in second quarter

This content was published on Oct 25, 2000 The net income was $9.4 million (SFr16.8 million). Last year, net income was only $5.2 million for the period ending September 1999. Consolidated sales increased 43 per cent, exceeding $190 million ($133 million in 1999). The gross margin was 33.7 per cent, while the gross profit was 48 per cent. The operating income of $12…

Swiss pumpkin farmers plough through the competition

This content was published on Oct 25, 2000 Martin and Beat Jucker have built their careers around the humble pumpkin, and on Saturday expect to attract 15,000 people to “European Halloween Festival 2000” – an all-night party to celebrate both the occasion and the vegetable. The six dance floors at the festival will be strewn with thousands of pumpkins of all shapes and…

UBS warns against tying Swiss franc to weak euro

This content was published on Oct 24, 2000 The warning is based on a study, released on Tuesday, by the UBS group economic research department in Zurich. The study says that pegging the Swiss franc to the euro would largely deprive the Swiss National Bank of its ability to keep interest rates low, and jeopardise the franc’s standing among international investors. The study…

Crossair threatens job cuts in continuing battle with pilots

This content was published on Oct 24, 2000 The carrier, part of the SAirGroup, said it was considering the move because of the airline’s continuing financial problems, and the refusal of most of its pilots to accept a new collective working agreement. The deal, agreed after long and often acrimonious negotiations with the pilots’ union, was turned down last week by the pilots…

Swiss exports reach three-year high

This content was published on Oct 24, 2000 Domestic demand has stimulated imports, while exports have shown their best performance for three years. The Finance Ministry on Tuesday released figures showing that nominal imports rose by 13.2 per cent (real 6.9 per cent) during the nine months to SFr93.93 billion ($52.18 billion). Exports increased by 12.4 per cent (real 8.4 per cent) to…

Clariant hails good result as sign of better things to come

This content was published on Oct 24, 2000 Clariant, based at Muttenz near Basel, said in a statement that it expected to maintain business momentum despite the usual slowdown at the end of the year. The company attributed the positive figures to better product innovation and the greater focus on marketing and services. It added that results would be lifted by the improved…

PaineWebber shareholders endorse UBS takeover

This content was published on Oct 24, 2000 In a statement on Tuesday, UBS said its $10.8 billion (SFr19.33 billion) merger with PaineWebber should take effect in early November, following the completion of all necessary regulatory approvals. UBS said it would publish preliminary third-quarter figures on Thursday, a month earlier than previously announced. It explained that this was to ensure maximum transparency and…

Search goes on in Gondo

This content was published on Oct 24, 2000 The search is now concentrating on the lower part of the village, near the Diveria River. The rescuers say work has been difficult because of the large amount of mud and rocks in the area. Crews have also been clearing away the wreckage as well as the remains of the mudslide. Their aim is to…

Swisscom shares on the rise after reports of impending bidding war

This content was published on Oct 23, 2000 Shares originally rose five per cent when the market opened following the report in the German magazine “Der Spiegel”. At the end of the day’s trading, Swisscom shares had gained SFr11, reaching a closing price SFr409. “Der Spiegel” says Vodafone has made the better offer so far. Swisscom, which was partly privatised two years ago,…

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Unaxis sales up by more than a third

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Best ever results for Logitech in second quarter

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Swiss pumpkin farmers plough through the competition

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UBS warns against tying Swiss franc to weak euro

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Crossair threatens job cuts in continuing battle with pilots

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Swiss exports reach three-year high

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Clariant hails good result as sign of better things to come

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PaineWebber shareholders endorse UBS takeover

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Search goes on in Gondo

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Swisscom shares on the rise after reports of impending bidding war

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