Swiss stocks - Factors to watch on June 28

Feintool International Holding AG

28/06/2018 06:10

ZURICH, June 28 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
    
    OC OERLIKON  OERL.S 
    The Swiss industrial group is launching an IPO for its
Graziano and Fairfield transmissions unit, saying the price
range is from 48 francs to 62 francs per share, implying a
market capitalisation of up to 620 million Swiss francs 
($622.12 million).  urn:newsml:reuters.com:*:nFWN1TT0WU
      
    COMPANY STATEMENTS  CPR-CH 
    * SFS Group  SFSN.S  said Iso Raunjak, now head of central
logistics, will take over as head of distribution and logistics
from Josef Zuend on Jan. 1, 2020. Zuend is retiring after 49
years at SFS.  SFSN.S 
    * Carlo Gavazzi  GAV.S  said its net profit fell by more
than a third to 8.4 million francs, while sales rose 8.5 percent
to 146.9 million francs.  GAV.S 
    * Novartis  NOVN.S  said a study shows that 60 percent of
employed people with severe migraine miss, on average, a week of
work per month.  NOVN.S 
    * Leclanche  LECN.S  said it is launching a joint venture
with India's Exide Industries to produce lithium ion batteries
and storage solutions for the electrical vehicle industry.
 LECN.S 
    * Feintool International  FTON.S  said it is buying
Germany's Stanz- und LaserTechnik GmbH to expand in the market
for electrical motor components, in addition to fineblanking and
forming, as it pushes into e-mobility.  FTON.S 
    * Glarner Kantonalbank  GLKBN.S  said it expanded its
mortgage portfolio with the purchase of mortgage claims from an
insurer.  GLKBN.S 
    * Ypsomed  YPSN.S  said Paul Fonteyne was elected as a new
member of the board. Fonteyne is chairman of Boerhinger
Ingelheim USA and replaces Norbert Thom, who resigned at the
2018 annual general meeting.  YPSN.S 
    * Also Holding  ALSN.S  said it is buying French network and
security specialist DistriWan, which has sales of around 24
million euros.  ALSN.S 
    
    ECONOMY  M-CH 

($1 = 0.9966 Swiss francs)

 (Reporting by Zurich newsroom)
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