Swiss stocks - Factors to watch on May 19

EvoNext Holdings SA

19/05/2016 06:46

ZURICH, May 19 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Thursday. 
     
    JULIUS BAER  BAER.S  
    Swiss private bank Julius Baer said on Thursday its assets 
under management rose 2 percent to 305 billion Swiss francs  
($308.7 billion) in the first four months of the year. 
 urn:newsml:reuters.com:*:nFWN18F0S8 
    For more click on  BAER.S  
     
    ROCHE  ROG.S  
     Roche Holding won earlier-than-expected U.S. approval on 
Wednesday for its bladder cancer drug Tecentriq, the company's 
first entry in a new class of cancer drugs that work by 
harnessing the body's own immune system.  urn:newsml:reuters.com:*:nL3N18F4NX 
   The company said a phase III study of its drug Alecensa 
(alectinib) showed the drug had reduced risk of disease 
worsening or death by 66 percent compared to crizotinib in 
Japanese people with advanced or recurrent, ALK-positive 
non-small cell lung cancer.  urn:newsml:reuters.com:*:nFWN18F0RU 
    The drugmaker also announced additional Swiss approval for 
its cancer drug GAZYVARO (obinutuzumab) to treat patients with 
previously treated follicular lymphoma. It was already approved 
in 2014 to treat chronic lymphocytic leukaemia in combination 
with chemotherapy in patients with other medical conditions.  
    For more click on  ROG.S  
     
    COMPANY STATEMENTS  CPR-CH  
    * Kuoni Reisen  KUNN.S  said EQT's public tender for the 
Swiss travel group made on February 29 would be settled on 
Thursday.  KUNN.S  
    * gategroup  GATE.S  saw earnings before interest, tax, 
depreciation and amortisation more than double year-on-year to 
22 million Swiss francs in the first quarter, helping it reduce 
its loss attributable to shareholders.  GATE.S  
    * Orascom Development Holding  ODHN.S  saw revenues fall 18 
percent in the first quarter as a strategic decision to reduce 
land sales compounded with negative currency effects.  ODHN.S  
    * Kudelski  KUD.S  said it had settled pending patent 
litigation with Yahoo  YHOO.O , with both parties agreeing to 
dismiss pending lawsuits in exchange for a one-time up-front 
license fee payment made to Kudelski by Yahoo.  KUD.S  
    * Evolva  EVE.S  said Angela Tsetsis would join the 
company's commercial team as Senior VP, Ingredient Solutions, 
Health & Wellness.  EVE.S  
    * Swiss Prime Site  SPSN.S  said first-quarter profit 
decreased by 2.4 percent year on year to 48.8 million Swiss 
francs and that it expects 2016 rental income and total 
operating income above the previous year's level.  SPSN.S  
    ECONOMY  M-CH  
     
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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Keywords: MARKETS SWISS STOCKS/