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Julius Baer expects higher profits

This content was published on Aug 15, 2000 Switzerland’s largest family-controlled private bank saw first half profits increase by 80 per cent to SFr249.4 million ($145 million). A statement from the bank said the strong performance was mainly attributable to revenue from services, which accounted for three-quarters of operating income. Assets under management were reported at SFr146 billion at the end of the…

Givaudan sees sales improvement

This content was published on Aug 15, 2000 The forecast came after the former Roche division reported an increase in sales of eight per cent for the first half of the year to just over SFr1.2 billion ($690 million). The figures were the first for the company since it became independent from Roche in June. “Thanks to business deals struck recently, we expect…

Third of Swiss are overweight

This content was published on Aug 14, 2000 The findings, published on Monday, come from a survey carried out in June aimed at establishing current eating habits of the population. It showed that up to 30 per cent of Swiss people over the age of 15 are lacking a healthy diet. A fifth said they do not eat salad and vegetables on a…

Kuoni expands into US incoming market

This content was published on Aug 14, 2000 Kuoni said that as a result of the takeover it had gained a firm foothold in the fast growing US market for incoming business, which provides on site services at holiday destinations. The incoming business market is Kuoni’s third most-important activity after leisure and business travel. In 1999, it generated turnover of SFr455 million ($268…

A guide to the diverse ways of the Swiss

This content was published on Aug 14, 2000 He continues: “Land-locked, a home market smaller than London, speaking four different languages, no natural resources – other than hydroelectric power, a little salt and even less fish – no secured markets for its products through either colonies or being part of a trading bloc, Switzerland should have come down to earth with a bump…

Geneva judge seeks US help in Swiss money laundering probe

This content was published on Aug 14, 2000 Laurent Kasper-Ansermet intends to seek US cooperation in his probe into possible Swiss links to a massive Russian money laundering case, involving the Bank of New York. The investigation centres on some $7 billion of Russian money, including $4.8 billion in IMF funds, which passed through that bank. Some of this money is alleged to…

Swiss Steel boosts its profit by SFr3.3 million

This content was published on Aug 14, 2000 The upturn in profits by 47 per cent happened against an unfavourable backdrop of a weak Euro and rising gas and scrap metal prices, according to the company. The group, which was the result of a merger of the Von Moos group and the Von Roll steel companies, said it was more than happy with…

Business outlook

This content was published on Aug 13, 2000 The Basel-based company, Ciba Speciality Chemicals, will reveal its first half numbers on Tuesday. It said at the beginning of the month that it is on track to meet its target for 2000. Analysts are expecting the group to post a net profit this year of SFr392.5million ($235.6 million), up from SFr325 million in 1999.…

SAirGroup flights dogged by new incidents

This content was published on Aug 12, 2000 A Swissair MD-11 aircraft was forced to break-off its voyage from Johannesburg to Zurich and return to its South African starting point. A spokesman from Swissair said that an engine failure had prompted the pilots to take the decision. The spokesman added that a faulty tyre, which had lodged itself inside the engine shortly after…

Debitel pulls out of German race for mobile phone licence

This content was published on Aug 12, 2000 Debitel’s withdrawal on Friday came after two weeks and 127 rounds of bidding. It leaves another six contenders in the field who are competing for four to six licences. Peter Wagner, Debitel’s chief executive, said: “If the cost of obtaining a licence exceeds its economic value, quick market access becomes the decisive criterion.” In order…

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Julius Baer expects higher profits

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Givaudan sees sales improvement

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Third of Swiss are overweight

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Kuoni expands into US incoming market

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A guide to the diverse ways of the Swiss

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Geneva judge seeks US help in Swiss money laundering probe

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Swiss Steel boosts its profit by SFr3.3 million

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Business outlook

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SAirGroup flights dogged by new incidents

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Debitel pulls out of German race for mobile phone licence

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