Swiss stocks - Factors to watch on July 4
04/07/2016 05:29
ZURICH, July 4 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Monday:
CREDIT SUISSE CSGN.S
Chief Executive Tidjane Thiam told SonntagsBlick that the
Swiss bank group will remain together and that a takeover is not
a topic for the lender. urn:newsml:reuters.com:*:nL8N19P08B
Britain is paying the price for a high level of inequality
and a chronic lack of investment in education which have
prompted a disillusioned population to vote to leave the
European Union, CEO Thiam said on Sunday. urn:newsml:reuters.com:*:nP6N173003
The bank also said it would redeem its $2 billion 7.875%
high-trigger Tier 2 capital instrument in line with the
indications it gave earlier this year. The redemption will take
place on the first optional date of August 24, 2016.
For more news, click CSGN.S
NOVARTIS NOVN.S
Swiss drugmaker Novartis plans to sell its stake in rival
Roche by the end of this year, Swiss newspaper SonntagsZeitung
reported on Sunday, without saying how it had the information
urn:newsml:reuters.com:*:nL8N19P06A
For more news, click NOVN.S
ROCHE ROG.S
The Swiss drugmaker plans to cut around 350 IT jobs by the
end of 2017, a spokesman said on Saturday, confirming a report
by the Basler Zeitung newspaper. urn:newsml:reuters.com:*:nL8N19O07B
For more news, click ROG.S
UBS UBSG.S
The Swiss bank has settled on Frankfurt as the base for its
wealth management operations in Europe, Swiss newspaper Neue
Zuercher Zeitung reported on Saturday. urn:newsml:reuters.com:*:nL8N19O06L
For more news, click UBSG.S
COMPANY NEWS CPR-CH
* ABB ABBN.S Chief Executive Ulrich Spiesshofer told
Schweiz am Sonntag that the company has some plans to deal with
Brexit but that first the company would look to see the impact
on things like the free movement of people and market access for
Britain. ABBN.S
* Sunrise Communications Group AG SRCG.S said it was
informed on June 30, 2016, by Allianz SE ALVG.DE that it holds
9.88 percent of the voting rights and of the registered share
capital in the telecoms company. SRCG.S
* Burckhardt Compression BCHN.S said its shareholders had
approved all motions of the board of directors at the company's
annual general meeting, including the motion to pay a dividend
of 10.00 Swiss francs ($10.28) per share. BCHN.S
* Peach Property Group PEAN.S said it was repaying a 50
million euros bond from the cash flow of is operating
activities. PEAN.S
ECONOMY M-CH
The Swiss National Bank publishes sight deposit data at 0800
GMT.
($1 = 0.9726 Swiss francs)
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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