Swiss stocks - Factors to watch on Aug 27

Compagnie Financiere Tradition SA

27/08/2014 07:18

ZURICH, Aug 27 (Reuters) - Swiss stocks were seen idling on 
Wednesday, pausing after their brisk 2-1/2 week rally. 
    The Swiss blue-chip SMI  .SSMI  was seen opening 0.1 percent 
higher at 8,682 points, according to premarket indications by 
bank Julius Baer  JBPRE01 , while the SMI future  FSMIc1  was 
0.1 percent lower at 8659 points. 
    The following are some of the main factors expected to 
affect Swiss stocks on Wednesday: 
 
    NESTLE  NESN.VX  
    Nestle's  NESN.VX  Nespresso will meet its target to 
increase sales by 500 million Swiss francs ($544.8 million) this 
year, the chief executive of the capsule coffee company told 
German paper Handelsblatt. 
    For more, click on  NESN.VX  
     
    COMPANY STATEMENTS  CPR-CH  
    * UBS  UBSN.VX  published its Pillar 3 report for the first 
half which includes disclosures on capital, risk and 
securitization as of June 30, complementing the Swiss bank's 
first- and second-quarter reporting.  UBSN.VX  
    * Compagnie Financiere Tradition  CFT.S  said first-half net 
profit fell 22 percent to 16.4 million Swiss francs (17.87 
million US dollars) amid low volatility, and that it will keep 
lowering fixed costs in coming months while maintaining 
investments in electronic and hybrid technologies in response to 
regulatory changes.  CFT.S  
    * Emmi  EMMN.S  said it increased its stake in Glaeserne 
Molkerei in Germany from 24 to 76 percent after first-half net 
profit shrank to 9.8 million francs following a 38.5 million 
impairment on Trentinalatte. The dairy company confirmed its 
full-year sales forecast for growth of 3 to 4 percent, adjusted 
its forecast for earnings before interest and tax to between 117 
million francs and 132 million francs, and forecast a net profit 
margin around 2 percent, from 3 percent previously.  EMMN.S  
    * Swiss Prime Site  SPSN.VX  said first-half profit fell 38 
percent to 137.2 million francs and forecast full-year earnings 
before interest and tax and net profit over last year before 
revaluation and one-time effects, net rental income of roughly 
435 million francs, and a vacancy rate of 6 to 7 percent. 
 SPSN.S  
    * Galenica  GALN.S  said its Velphoro treatment received 
European marketing authorisation for the control of serum 
phosphorus levels in adult patients with chronic kidney disease 
on haemodialysis or peritoneal dialysis.  GALN.S  
 
     
    ECONOMY  M-CH  
    The UBS Swiss consumption indicator fell to 1.66 in July 
from 2.07 points in June, the Swiss bank's economists said on 
Wednesday. 
    For more, click on  ECONCH  
 
     
    ((Zurich newsroom +41 58 306 7340, fax 41 44 251 0476,  
zurich.newsroom@news.reuters.com))  
 
 
(1 US dollar = 0.9177 Swiss franc) 
 
  
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Keywords: MARKETS SWISS STOCKS