Swiss stocks - Factors to watch on September 23
23/09/2019 06:00
ZURICH/BERLIN, Sept 23 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 0.1 percent lower at 10,048 points on
Monday, according to premarket indications from bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks:
CREDIT SUISSE CSGN.S
Former Credit Suisse banker Iqbal Khan, who is in the
process of moving to UBS, has filed a criminal complaint after
he was followed by private detectives in an automobile, multiple
Swiss media reported after an initial report on the website
Inside Paradeplatz. Credit Suisse did not immediately comment,
while Zurich prosecutors also did not immediately respond to an
inquiry from Reuters about people reported to be detained in the
matter. CSGN.S
UBS UBSG.S
UBS UBSG.S has no plans to pass on the central bank's
negative interest rates to small savers but will introduce new
cost saving measures of 300 million Swiss francs ($303
million)to deal with the market conditions, the Swiss lender's
chief operating officer Sabine Keller-Busse told NZZ am Sonntag.
urn:newsml:reuters.com:*:nL5N26D02T
CLARIANT CLN.S
Chief Executive Hariolf Kottmann does not plan to pay the
750,000 Swiss franc ($752,861) fine imposed on the speciality
chemicals group for breaking publication rules in relation to
its failed merger with U.S.-based Huntsman HUN.N out of his
own pocket, SonntagsZeitung said.
The fine was imposed because Kottmann provided Swiss
television with information ahead of the announcement of the
planned merger, the paper said. Clariant regretted its chief's
"misjudgement", it quoted a spokesman as saying.
AMS AMS.S
Private equity firm Advent International is in talks to join
Bain Capital in its takeover bid for Germany's Osram OSRn.DE ,
Bloomberg reported, citing people familiar with the matter, a
move that could further fuel the bidding war with AMS AMS.S
for the lighting group. urn:newsml:reuters.com:*:nL5N26C0ID
MEYER BURGER MBTN.S
Bern's office for the prosecution of economic crimes has
opened an investigation against unknown persons on suspicion of
unfaithful business management in connection with a
controversial stock deal at the solar supplier, Sonntagszeitung
said. The investigation was triggered by a criminal complaint
filed by shareholder Elysium Capital against the entire board of
directors around then president Alexander Vogel, deputy public
prosecutor Christof Scheurer told the paper.
Additionally, the company's board recommended against adding
Mark Kerekes of Sentis Capital to its directors, saying it would
lead to conflicts of interests. Sentis is the investment vehicle
of Russian billionaire Petr Kondrashev, who has been pushing for
changes at Meyer Burger. urn:newsml:reuters.com:*:nFWN26D00Z
COMPANIES
* Roche ROG.S is presenting new data at the European
Society for Medical Oncology (ESMO) 2019 Congress starting on
Friday, including results from its late-stage study of its
immunotherapy Tecentriq as a monotherapy against advanced lung
cancer. ROG.S
* Varia US Properties VARN.S confirmed its targeted
dividend of CHF 2.60 per share for business year 2019. VARN.S
* BVZ Gruppe BVZN.S said first-half profit at the owner of
the Matterhorn Gotthard Bahn and Zermatt's Gornergrat Bahn rose
41% to 2.1 million francs. BVZN.S
* Kuehne & Nagel KNIN.S said it aims to be carbon dioxide
neutral for shipments in its network of transport suppliers by
2020 KNIN.S
ECONOMY M-CH
Swiss M3 data for August due at around 0700 GMT.
($1 = 0.9907 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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