Swiss stocks - Factors to watch on Oct 7

Crealogix Holding AG

07/10/2016 06:28

ZURICH, Oct 7 (Reuters) - The following are some of the main 
factors expected to affect Swiss stocks on Friday: 
       
    JULIUS BAER  BAER.S   
    Moody's downgraded Julius Baer Group's high-trigger AT1 
securities by one notch to Baa3(hyb) 
    For more news, click  BAER.S   
     
    COMPANY STATEMENTS  CPR-CH  
    * Nestle  NESN.S  said it opened a new infant formula 
factory in Mexico, representing an investment of $245 million. 
 NESN.S  
    * Swiss bourse SIX said it had appointed Daniel Schmucki as 
new its chief financial officer (CFO) at SIX, joining from 
Flughafen Zuerich  FHZN.S . He will take up his role on April 1, 
2017 at the latest, SIX said.  FHZN.S  
    * Newron Pharmaceuticals  NWRN.S  said has raised gross 
proceeds of 26.1 million Swiss francs through a private 
placement of new shares via an accelerated book building 
procedure announced on Thursday. It had placed 1,320,530 new 
shares with institutional investors at a subscription price of 
19.75 francs per share. The new shares represent 8.4 percent of 
the new total number of outstanding shares.  NWRN.S  
    * After EMS Chemie  EMSN.S  raised net sales 3.7 percent in 
the first nine months of 2016 to 1.5 billion Swiss francs, the 
group expects net sales and EBIT slightly above 2015 levels for 
the full year.  EMSN.S  
    * Crealogix  CLXN.S  said Beat Schmid has decided to step 
down from the company's board of directors. Ralph Mogicato will 
be proposed as his replacement at the group's annual general 
meeting on Oct. 31.  CLXN.S  
 
     
    ECONOMY  M-CH  
    * IMF data on Swiss National Bank foreign currency reserves 
in September due at 0700 GMT  
     
 
($1 = 0.9823 Swiss francs) 
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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