Swiss stocks - Factors to watch on March 7
07/03/2017 05:57
ZURICH, March 7 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Tuesday:
COMPANY STATEMENTS CPR-CH
* UBS UBSG.S is pushing to settle a French tax fraud
investigation for less than 300 million euros, Bloomberg
reported, citing people familiar with the matter. UBSG.S
* Chobani Hires Nestle's NESN.S Tim Brown as chief
operating officer, the Wall Street Journal reported. NESN.S
* Logitech International LOGN.S reaffirmed its 2017
outlook of 12-13 percent retail sales growth in constant
currency and $225-$230 million in non-GAAP operating income. It
also announced a $250 million share buyback programme as part of
a three-year capital allocation framework. LOGN.S
* Bucher Industries BUCN.S said profit 2016 amounted to
118 million franc and that it will propose a dividend of 5.00
francs. The group is expecting the current year to show a slight
increase in sales and an improved operating profit margin.
BUCN.S
* Forbo Holding FORN.S said full-year group operating
profit (EBIT) rose 10.1 percent to 157.2 million francs and that
it will propose an increased dividend of 19 francs. FORN.S
* Geoffery Merszei was nominated as a new independent member
of Oerlikon's OERL.S board of directors. OERL.S
* J. Safra Sarasin Group BKSNF.PK said its local entity in
Germany will no longer offer private banking services in the
future due to the lack of critical mass, representing less than
1 percent of the Group's assets under management. BKSNF.PK
* PSP Swiss Property PSPN.S said its net profit fell to
134.9 million francs from 187.7 million francs a year earlier.
PSPN.S
ECONOMY M-CH
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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