Swiss stocks - Factors to watch on March 10

Kardex Holding AG

10/03/2016 05:49

ZURICH, March 10 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Thursday. 
     
    SULZER  SUN.S  
    The struggling Swiss pumpmaker may cut as many as 1,200 jobs 
over the next year as demand from customers in the oil industry 
remains depressed, Swiss newspaper Handelszeitung reported. 
    For more click  SUN.S  
     
    RICHEMONT  CFR.S  
    The Swiss luxury goods company's Italian online fashion 
retailer Yoox Net-A-Porter (YNAP) posted a 26 percent increase 
in 2015 adjusted core profit as sales rose strongly driven by 
the recently merged group's more exclusive websites. 
 urn:newsml:reuters.com:*:nI6N16A00A 
    For more click  CFR.S  
     
    SWISS RE  SRENH.S  
    The Swiss reinsurer has entered into a two-year reinsurance 
arrangement with AIG, in which Swiss Re will assume a share of 
AIG's new and renewal U.S. casualty portfolio.  urn:newsml:reuters.com:*:nWNAB0AAYN 
    For more click  SRENH.S  
     
    COMPANY STATEMENTS  CPR-CH  
     
    * Gategroup  GATE.S  reported a 63.4 million Swiss franc  
($63.55 million) loss in 2015 amid pressure from a shareholder 
group seeking change on the biggest airline food caterer's board 
and strategy.  GATE.S  
    * Alpiq Holding  ALPH.S  said it is divesting its stake in 
Romande Energie Commerce.  ALPH.S  
    * Kardex  KARN.S  said it boosted annual profit by nearly 20 
percent to 28.5 million euros and plans a dividend of 3 francs 
per share. [KARN.S 
    * Schaffner Holding  SAHN.S  said it intends to achieve its 
EBITA margin target of 8 percent within two years.  SAHN  
    * ProgressNow Invest 
     
    ECONOMY  M-CH  
     
 
 
($1 = 0.9976 Swiss francs) 
 
 (Reporting by Zurich newsroom) 
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Keywords: MARKETS SWISS STOCKS/