Swiss stocks - Factors to watch on April 25

Graubuendner Kantonalbank

25/04/2016 05:43

ZURICH, April 25 (Reuters) - The following are some of the 
main factors that may Swiss stocks on Monday. 
     
    NOVARTIS  NOVN.S  
    The drugmaker aims to dispose of a 13.5 billion Swiss franc  
($13.8 billion) stake in its local rival Roche  ROG.S  and has  
hired banks to support the sale process, a Swiss paper reported 
on Sunday.  urn:newsml:reuters.com:*:nL5N17R0FR 
     
    ABB  ABBN.S   
    The Power Grids unit, which is under strategic review, had 
been "brought into shape" and was "back within the margin target 
corridor", Chairman Peter Voser said in an interview published 
by daily Neue Zuercher Zeitung on Saturday. urn:newsml:reuters.com:*:nL5N17Q0CH 
       
    CREDIT SUISSE  CSGN.S   
    Proxy adviser Glass Lewis has recommended shareholders in 
Credit Suisse reject the amount of remuneration set for the 
bank's management and board members, Swiss newspaper NZZ am 
Sonntag reported. urn:newsml:reuters.com:*:nL5N17R07G 
     
    ROCHE  ROG.S   
    The cancer drugs maker does not plan to significantly 
increase prices for combination therapies which include several 
active substances, CEO Severin Schwan told NZZ am Sonntag.  
    "We are reaching limits where the additional benefit no 
longer justifies the price," Schwan said. "That's why we agreed 
in Switzerland on lower prices for a combination of our breast 
cancer drugs than for the single drugs." 
     
    COMPANY STATEMENTS  CPR-CH  
    * Ascom  ASCN.S  named Holger Cordes, chief operations 
officer Europe and Latin America for Cerner Group, as chief 
executive as of June. He replaces Fritz Mumenthaler, who was 
leaving to pursue new professional challenges 
    * Graubuendner Kantonalbank  GRKP.S  said on Friday that it 
was shaking up its investments in a pair of Zurich private 
banks, increasing its holdings in Privatbank Bellerive AG to 100 
percent while selling a 50 percent state in Private Client Bank 
AG.  urn:newsml:reuters.com:*:nFWN17P0QM  
     
    ECONOMY  M-CH  
    Swiss sight deposits at 0700 GMT 
    ($1 = 0.9768 Swiss francs) 
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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