Swiss stocks - Factors to watch on Sept 1
01/09/2016 06:36
ZURICH, Sept 1(Reuters) - The following are some of the main
factors expected to affect Swiss stocks on Thursday:
NOVARTIS NOVN.S
Novartis is folding activities of its Cell and Gene Therapy
unit into other business and research locations, eliminating 120
positions, the Swiss drugmaker said on Wednesday. The move
intensifies a corporate makeover begun this year as it focuses
on high-growth areas including cancer immunotherapy.
urn:newsml:reuters.com:*:nL8N1BC5PY
For more click on NOVN.S
ROCHE ROG.S
Swiss drug maker Roche Holding said its cancer immunotherapy
Tecentriq (atezolizumab) had helped people, diagnosed with a
specific type of lung cancer, live significantly longer compared
with chemotherapy in a Phase III study. urn:newsml:reuters.com:*:nFWN1BC0K0
For more click on ROG.S
COMPANY STATEMENTS CPR-CH
* Sika SIK.S said it had acquires U.S. concrete fiber
producer FRC Industries. SIK.S
* Gategroup Holding GATE.S said its H1 revenue rose 13
percent to 1.6 billion Swiss francs ($1.63 billion). GATE.S
* Gelenica GALN.S said 85.6 percent of the Relypsa shares
had been tendered GALN.S
* Compagnie Financiere Tradition CFT.S saw revenues drop
0.3 percent to 425.2 million Swiss francs in the first half of
2016. Net profit was up more than a third to 29.4 million
francs. CFT.S
* Kudelski KUD.S raised 150 million Swiss francs through a
newly issued eight-year bond. KUD.S
* Norinvest Holding NIHN.S saw a loss of 2.4 million Swiss
francs during the half-year as income fell by 20 percent.
NIHN.S
* Molecular Partners MOLN.S posted a first-half net loss
of 9.7 millon Swiss francs MOLN.S
* VAT Group VACN.S said it has placed 2.5 million shares
with institutional investors. VACN.S
* IVF Hartmann Holding VBSN.S said expansions to its
product and service portfolio and increased production
efficiency should help the medical group to a sales and profit
rise in the second half-year after profit dropped 1.7 percent to
8.3 million francs in the first half. VBSN.S
* Oerlikon OERL.S announced that it has successfully
concluded the sale of the Vacuum Segment to Atlas Copco.
OERL.S
ECONOMY M-CH
Retail sales due at 0715 GMT
Manufacturing PMI due at 0730 GMT
($1 = 0.9832 Swiss francs)
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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