Swiss stocks - Factors to watch on May 10

Leclanche SA

10/05/2019 05:53

ZURICH/BERLIN, May 10 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
    
    LAFARGEHOLCIM  LHN.S 
    LafargeHolcim has agreed to sell its operations in the
Philippines in a deal which values the business at $2.15
billion, the world's largest cement maker said on Thursday, as
it presses ahead with selling off operations in fringe
markets[nL5N22L8GV}
    For more news, click on  LHN.S 
    
    ABB  ABBN.S  
    The company's India unit  ABB.NS  has received the approval
of minority shareholders to pay 4 percent of its annual turnover
to its Zurich-based parent company, a media report said on
Friday.  urn:newsml:reuters.com:*:nL3N22M14K
    
    UBS  UBSG.S  
    Switzerland's biggest lender is part of a group totalling
seven banks that are set to be fined by EU cartel regulators in
the coming weeks for rigging foreign exchange markets, sources
told Reuters late on Thursday.  urn:newsml:reuters.com:*:nL5N22L7OW
    
    
    COMPANY STATEMENTS  E-CH 
    *Interroll  INRN.S  said it was investing $11 million in its
Atlanta production site.  INRN.S 
    *Comet Holding  COTNE.S  said Beat Malacarne will take over
as interim Chief Financial Officer.  COTNE.S 
    *Leclanche  LECN.S  on Thursday said that a resolution to
reduce the nominal value of its shares to 0.10 Swiss francs from
1.50 francs was not approved by shareholders.  LECN.S 
    
    ANALYSTS' VIEWS
    Alcon  ALCC.S  - Baird starts with "outperform" rating. 
    

    ECONOMY  M-CH 
    No major economic data scheduled.
    

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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