Swiss stocks - Factors to watch on Aug 7
07/08/2014 07:43
ZURICH, Aug 7 (Reuters) - Swiss stocks were expected to open
slightly higher on Thursday after a run of company results, with
traders waiting for the European Central Bank's rate decision.
The Swiss blue-chip SMI .SSMI was seen opening up 0.4
percent at 8,322 points, according to premarket indications by
bank Julius Baer JBPRE01 .
The following are some of the main factors expected to
affect Swiss stocks on Thursday:
NESTLE NESN.VX
Food group Nestle stood by its full-year outlook on Thursday
and said it would launch an 8 billion Swiss franc share buyback
after sales growth in emerging markets picked up in the second
quarter.
For more, click on: NESN.VX
ZURICH INSURANCE GROUP ZURN.VX
Zurich Insurance Group posted a lower-than-expected rise in
net income for the second quarter on Thursday and said it had
largely completed its job cuts in its restructuring programme.
For more, click on: ZURN.VX
ADECCO ADEN.VX
The world's largest staffing company said underlying revenue
growth slowed slightly to 5 percent in the second-quarter,
underscoring the fragility of Europe's touch-and-go economic
recovery.
For more, click on: ADEN.VX
COMPANY STATEMENTS CPR-CH
* Inficon IFCN.S said it posted a net profit of $8.3
million in the second quarter and confirmed its guidance for the
full year. IFCN.S
* Vontobel Financial Products VONN.S (Asia Pacific) named
Thomas Sussli as its new head effective Oct. 1, and Eugen Lee as
head of sales financial products, Asia Pacific, effective Sept.
1. VONN.S
* AFG Arbonia Forster AFGN.S posted first half revenue of
447 million Swiss francs and a net loss of 2.6 million francs.
AFGN.S
* Advanced Digital Broadcast Holdings SA ADBN.S said
revenues fell 23 percent in the first half to $161 million,
generating profit for the period of $1.7 million. ADBN.S
* Coltene CLTN.S said first half sales inched up 1.3
percent to 76 million Swiss francs, generating net profit of 5.5
million francs, up 10.7 percent. CLTN.S
* Gategroup GATE.S said it has strengthened its
cooperation with China Aviation Investment Co., Ltd. GATE.S
ECONOMY M-CH
* The Swiss consumer sentiment index slipped to -1 points in
July from one point in April, the State Secretariat for Economic
Affairs said on Thursday.
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