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Last Trade - 22/06/17

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £342.6m
Position in Universe th / 1046

Swiss stocks - Factors to watch on Sept. 12

Mon 12th September, 2016 6:56am
ZURICH, Sept 12 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Monday. 
       
    SWISS RE  SRENH.S  
    The world's second-biggest reinsurance group, said on Monday 
it expected price levels to stabilise and price erosion in 
natural catastrophe business to slow.  urn:newsml:reuters.com:*:nFWN1BL0TH 
    The reinsurer further showed optimism over advancing 
technologies, saying developments like big data as well as 
cognitive and cloud computing could reduce costs in the 
reinsurance and insurance industries, and open up new revenue 
sources through novel services. 
    FOR MORE CLICK ON  SRENH.S  
     
    ADIENNE 
    Swiss biotechnology firm ADIENNE said on Monday it plans to 
seek a listing on Switzerland's bourse in an initial public 
offering. Lugano, Switzerland-based ADIENNE said Bank of America 
Merrill Lynch  BAC.N  and Jefferies International Limited 
 JFLL.UL  are acting as global coordinators and joint 
book-runners with Bank am Bellevue co-lead manager. It did not 
release a timeline for the planned floatation or expectations of 
how it hopes to earn from the IPO.  urn:newsml:reuters.com:*:nFWN1BL0QO 
     
    COMPANY STATEMENTS  CPR-CH  
    * Kudelski  KUD.S  said it had won a legal victory against 
global pay TV piracy after China's Zhuhai Gotech Intelligent 
Technology Co was ordered by a U.S. court to pay one of its 
companies damages of $101 million for its manufacture, sale and 
maintenance of pirate devices and services, recognising more 
than half a million individual infringements.  KUD.S  
    *  Alpiq Holding  ALPH.S  said it has successfully completed 
its third buyback of bonds due between 2017 and 2021. Overall, 
bonds totalling 218 million Swiss francs ($223.41 million) will 
be repurchased.  ALPH.S  
    * Incoming Sunrise  SRCG.S  Chairman Peter Kurer told 
Schweiz am Sonntag he believes larger rival Swisscom  SCMN.S  
should be privatised. "I think it's wrong for the largest 
service provider to be state-owned," he said in the Sunday 
paper.  SCMN.S   SRCG.S  
    * Carlo Gavazzi Holding  GAV.S  said it had received 
favourable final outcome of an arbitration when an appeal by a 
respondent was rejected by Swiss Federal Tribunal in Lausanne. 
 GAV.S  
    * MCH Group  MCHN.S  said it is acquiring 60.3 percent of 
India Art Fair organiser Seventh Plane Pvt. Ltd., based in New 
Delhi.  MCHN.S  
    * Looser Holding  LOHN.S  subsidiary Condecta is fully 
acquiring WMS WC-Mietservice GmbH, a company with 3.3 million 
Swiss francs of annual revenues, Looser said on Monday.  LOHN.S  
    * Galenica  GALN.S  Chairman Etienne Jornod told 
Sonntagszeitung the company is convinced it will find a good 
solution for the roughly 20 percent of shares owned by Sprint 
Investments.  GALN.S  
 
     
    SWITZERLAND POLITICS 
    * Swiss Bankers Association Chairman Patrick Odier told the 
NZZ am Sonntag that talks with the Swiss National Bank about its 
exemption threshold for negative interest rates had so far not 
resulted in changes to the SNB's policy. Odier said Swiss wealth 
managers were disproportionably exposed to negative interest 
rates at the central bank. 
    * SonntagsZeitung reports - citing unnamed sources - that 
Swiss President Johann Schneider-Ammann is set to inform EU's 
Jean-Claude Juncker that Switzerland wants to end talks on 
migration rules with the EU. SonntagsZeitung cites the sources 
as saying the government will officially task the president with 
announcing an end to the talks on Wednesday after a compromise 
has been reached in form of draft legislation that would give 
preferential treatment to Swiss citizens searching for jobs in 
the country.  urn:newsml:reuters.com:*:nL8N1BE2A6 
    Click on this link to see the original story in German: http://sonntagszeitung.ch/read/sz_11_09_2016/nachrichten/Schneider-Ammann-soll-Juncker-Verhandlungsabbruch-kundtun-72959 
     
    ECONOMY  M-CH  
     
($1 = 0.9758 Swiss francs) 
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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 Daily Swiss stock market report in German................ .SDE  
 All SMI constituent stocks............................ 0#.SSMI   
 News on major Swiss stock price moves.................. CH-HOT  
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 DJ STOXX index........................................  .STOXX  
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 Swiss mid-cap index      .SSMI   SMI futures            0#SMI:  
 Swiss all-share index    .SSHI   Market statistics   CH/STATS1  
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 All Swiss news              CH   Swiss research news     CH-RCH    
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Keywords: MARKETS SWISS STOCKS/
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