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The business week ahead

This content was published on May 22, 2000 Feldschlösschen-Hurliman holds its annual general meeting today; investors will be able to look at the group’s plans to sell off its drinks division. The Swiss brewing giant is to sell off its entire drinks division, which produces almost half of the country’s beverages. The company says it intends to concentrate fully on its property business.…

Small investors to challenge Feldschlösschen sale

This content was published on May 22, 2000 There could be more than just a storm in a beer glass when shareholders of the country’s largest brewer, Feldschlösschen-Hürlimann, meet in Basel today. A group of small investors intends to challenge a plan by the board of directors to sell off the company’s beverage business, whose performance it considers “unsatisfactory”. One of the leading…

Swiss business leaders hail approval of EU accords

This content was published on May 21, 2000 Leuenberger said the seven accords effectively settled 80 per cent of Swiss industry’s needs in relation to Europe. It would also be easier for Swiss people to work in EU countries, he said. He added that the result was an important recognition of Switzerland as a labour and research centre. He said the accords would…

Small investors to challenge Feldschlösschen sale

This content was published on May 20, 2000 A group of small investors is going to vigorously challenge a plan by the board of directors to sell off the company’s beverage business whose performance it considers “unsatisfactory”. One of the leading opposition voices is Maximilian Reimann, a member of the Swiss People’s Party who represents canton Aargau in the Swiss Senate. He says…

The business week in Switzerland

This content was published on May 20, 2000 Among the major stories were: – Monday. Price pressure in Switzerland increased slightly as the economy continued to do well. Data from the Federal Statistics Office showed that producer/import prices rose 0.1 per cent in April month-on-month, increasing 2.8 per cent year-on-year, that follows on from a 2.9 per cent increase in March. – Tuesday.…

Search for Swissair diamonds angers relatives

This content was published on May 19, 2000 Lloyds have applied to the Canadian Authorities for a licence to search the seabed off Nova Scotia for the treasure, which is said to be worth around 300 million dollars. But Ian Shaw, whose daughter was amongst the 229 victims on board Swissair flight 111, is calling on Nova Scotia’s regional government to deny the…

Bilateral Accords set to liberalise Swiss air travel

This content was published on May 19, 2000 The agreements will give Swiss airlines access to the EU’s deregulated aviation market and allow them to establish new routes. “It will completely open the skies,” says Pierre Jobin, director-general of Geneva International Airport. “Any Swiss airline will have the opportunity to fly to any European city, as often as it likes, with any capacity…

Swisscom repeats expectations of higher net profit

This content was published on May 19, 2000 However, in an interim report of its first quarter figures, the company says increasing pressure on its margins will result in a lower operating result. Swisscom, which is still majority owned by the Swiss Confederation, reported that revenues were up 31 per cent to SFr 3.4 billion after the first three months. However, without consolidation…

Swiss wages fall despite strengthening economy

This content was published on May 18, 2000 The latest figures from the Federal Statistics Office suggest that 1999 was a bad year for Swiss wage earners. Real earnings declined by 0.6 per cent, while nominal income – wages that have not been adjusted to take account of inflation – was virtually stagnant, compared to rises of 0.5 per cent in 1997, and…

Councillor calls for low budget Lausanne

This content was published on May 18, 2000 The Social Democrat councillor, Grégoire Junod, has proposed that the city authorities look into setting up a network of bed and breakfast accommodation. He has suggested a three-step approach: canvass opinion to find out how many people are prepared to open up their homes to outsiders; draw up a contract guaranteeing minimum standards; and finally,…

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The business week ahead

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Small investors to challenge Feldschlösschen sale

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Swiss business leaders hail approval of EU accords

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Small investors to challenge Feldschlösschen sale

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The business week in Switzerland

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Search for Swissair diamonds angers relatives

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Bilateral Accords set to liberalise Swiss air travel

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Swisscom repeats expectations of higher net profit

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Swiss wages fall despite strengthening economy

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Councillor calls for low budget Lausanne

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