Swiss stocks - Factors to watch on Nov. 16
16/11/2018 06:08
ZURICH/BERLIN, Nov 16 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
UBS UBSG.S
A French court said it would hand down a verdict in the
money laundering trial of UBS on Feb. 20, at the end of weeks of
hearings during which the bank faced allegations of helping
wealthy French people evade taxes. urn:newsml:reuters.com:*:nL8N1XQ6ZA
ABB ABBN.S
The company is in talks with Hitachi 6501.T and Mitsubishi
Electric 6503.T to sell all or part of the Swiss engineering
group's embattled power grids business, sources familiar with
the issue told Reuters. urn:newsml:reuters.com:*:nZ8N1UN00P
COMPANY STATEMENTS E-CH
* Aryzta ARYN.S said 97.4 percent of the subscription
rights for its new registered shares had been exercised.
ARYN.S
* Asmallworld ASWN.S said former McKinsey consultant
Alexander Koenig will join the company's executive team as
Managing Director of its First Class & More International AG
subsidiary. ASWN.S
* Lonza LONN.S and Sartorius Stedim Biotech (SSB)
STDM.PA announced that they have modified their agreement for
supply of cell culture media by mutual accord. LONN.S
* Starrag Group STGN.S said problems with processing its
orders at multiple locations as well as unsuccessful efforts to
address the situation mean that sales and profit for the full
year will be well under the previous period. The company has
swapped out leadership at two locations, and said it still
expects to reach mid-term targets. STGN.S
ECONOMY M-CH
No Swiss economic data scheduled.
(Reporting by Zurich Newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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