Swiss stocks - Factors to watch on March 16

Compagnie Financiere Tradition SA

16/03/2018 05:57

ZURICH, March 16 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday.
      
    NESTLE  NESN.S 
    Chairman Paul Bulcke gave a vote of confidence to Chief
Executive Mark Schneider 14 months into his tenure at the helm
of the world's biggest packaged food company as it struggles to
recover from a sixth straight year of slowing growth.
 urn:newsml:reuters.com:*:nL1N1QX0QI
    For more news, click on  NESN.S 
    
    CREDIT SUISSE  CSGN.S 
    The legal fight over a complex Credit Suisse financial
instrument betting on stock market swings is expanding, with a
new lawsuit targeting one of the product's service providers.
 urn:newsml:reuters.com:*:nL1N1QX2G3
    For more news, click on  CSGN.S 
      
    COMPANY STATEMENTS  CPR-CH 
    * Richemont  CFR.S  said it placed its inaugural Euro
denominated bond transaction today with a volume of 3.75 billion
euros, following a roadshow with fixed income investors across
Europe.  CFR.S 
    * Compagnie Financiere Tradition  CFT.S  reported full year
operating profit up 4.8 percent to 63.1 million Swiss francs 
($66.39 million).  CFT.S 
    * Bachem Holding  BANB.S  reported its full year operating
result (EBIT) rising by 12.3 percent to 50.6 million francs.
 BANB.S 
    * Sunrise Communications Group  SRCG.S  said Karin Schmidt,
Chief Human Resources Officer and Member of the Executive
Leadership Team, has decided to leave the company to pursue new
challenges.  SRCG.S 
    * Luzerner Kantonalbank  LUKN.S  reported a 2017 profit of
198.4 million francs.  LUKN.S 
    
    ECONOMY  M-CH 
    


($1 = 0.9504 Swiss francs)

 (Reporting by Zurich newsroom)
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