Swiss stocks - Factors to watch on November 2
02/11/2021 06:07
(Adds Adecco, HIAG, Also)
ZURICH/BERLIN, Nov 2 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Tuesday:
ADECCO ADEN.S
Adecco ADEN.S said it is continuing to see an increase in
hiring and expects fourth-quarter revenues to grow modestly but
warned its customers are struggling to find enough skilled
workers. urn:newsml:reuters.com:*:nL8N2RP3DG
CREDIT SUISSE CSGN.S
Swiss bank Credit Suisse Group plans to accelerate its
expansion in China, growing its team on the mainland by three
times in the next five years, China chief executive Janice Hu
said on Tuesday.
For more, click on urn:newsml:reuters.com:*:nL1N2RT04O
COMPANY STATEMENTS
* ABB Ltd ABBN.S said it completed the divestment of the
mechanical power transmission division (Dodge) and expects to
book a non-operational pre-tax book gain of approximately $2.2
billion on the sale in Q4 of 2021. ABBN.S
* Burckhardt Compression BCHN.S said it had significantly
higher order intake and higher profit margins, but lower sales
in line with expectations in its first half to Sept. 30.
BCHN.S
* Schaffner SAHN.S said it expects to exceed its targets
in its fiscal year 2020/21 that ended on Sept. 30. It now
expects net sales of more than CHF 170 million and an EBIT
margin above 10%. It reports results on Dec 7. SAHN.S
* Valora VALN.S said it successfully completed the
acquisition of German-based snack specialist Back-Factory.
VALN.S
* HIAG Immobilien HIAG.S said it would issue 1,686,600 new
shares for CHF 94-96 HIAG.S
* Also Holding ALSN.S said it had expanded cooperation
with Dell Technologies in Germany, Denmark, Finland, Norway and
Sweden ALSN.S
ECONOMY
Swiss October CPI due at 0730 GMT. Seen at +0.1% m/m, +1.1%
y/y
Swiss September retail sales due at 0730 GMT
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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