Swiss stocks - Factors to watch on Sept 3
03/09/2018 05:58
ZURICH, Sept 3 (Reuters) - Here are some of the main factors
that may affect Swiss stocks on Monday.
NOVARTIS NOVN.S
The group plans to streamline its worldwide production to
increase its operating profit margin despite falling prices for
its drugs in the United States, its chairman was reported as
saying.
Proceeds from the sale of drugs in its key U.S. market
declined between 1 and 2 percent last year, Joerg Reinhardt told
NZZ am Sonntag. This was due to discounts pharmaceutical
companies have to grant large buyers to sell their drugs in the
Unites States, he said. urn:newsml:reuters.com:*:nL8N1VN0ND
RAIFFEISEN RFSHW.UL
The lender is likely to announce its new chairman after a
board meeting on Sept. 14, Schweiz am Wochenende said. Charges
against former Chief Executive Pierin Vincenz will most likely
not to be filed before 2019 as prosecutors need time for
questionings, the paper said.
COMPANY STATEMENTS CPR-CH
* UBS UBSG.S said it is launching a foreign exchange
pricing and trading engine in Singapore. UBSG.S
* Edisun Power Europe ESUN.S said first half net income
rose 66 percent to 1.43 million Swiss francs. ESUN.S
* Daetwyler Holding DAE.S said it is buying U.S. O-ring
maker Parco, which has $60 million in annual sales and 275
workers. The price was not given. DAE.S
* Schaffner SAHN.S said it appointed Daniel Zeidler from
ABB ABBN.S as its head of Power Magnetics. SAHN.S
* Sulzer SUN.S said it completed its purchase of Medmix
SUN.S .
ECONOMY M-CH
Swiss retail sales figures at 0915 CET
Swiss manufacturing PMI at 0930 CET
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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