Swiss stocks - Factors to watch on July 7
07/07/2016 06:33
ZURICH, July 7 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Thursday:
BARRY CALLEBAUT BARN.S
The Swiss chocolate and cocoa products maker confirmed its
mid-term financial targets after volume growth slowed in the
nine months to May as the Swiss maker of chocolate and cocoa
products cuts back on some less profitable contracts in its
cocoa business. urn:newsml:reuters.com:*:nFWN19S0LU
For more, click on BARN.S
GATEGROUP GATE.S
China's HNA Group said the 63.6 percent of the voting rights
and shares in Gategroup GATE.S it now owns are sufficient for
its takeover bid for the Swiss airline catering firm to succeed,
waiving the minimum acceptance level it had set previously.
urn:newsml:reuters.com:*:nFWN19T00D
For more, click on GATE.S
COMPANY STATEMENTS CPR-CH
* Novartis NOVN.S said its biosimilar etanercept had been
accepted for EMA, FDA review. NOVN.S
* SGS SGSN.S said it's buying Laboratorios Contecon Urbar
with operations in Colombia and Panama. SGSN.S
* Huber+Suhner HUBN.S said it is separating its Fiber
Optics into two divisions. HUBN.S
* Meyer Burger Technology MBTN.S said the company has won
important large orders from wafer, cell and module manufacturers
during the first half of 2016. According to preliminary
unaudited results, Meyer Burger expects a volume in new orders
of over 260 million Swiss francs for the first half of 2016.
Consolidated net sales are expected to amount to slightly above
215 million francs from 124.4 million francs in 2015. MBTN.S
* Comet Group COTN.S said it recorded sales growth of
about 15 percent year-over-year in the first half of 2016. It
said the net income is significantly higher than in the first
half of 2015, thanks mainly to the absence of one-time currency
impacts. COTN.S
* Kudelski KUD.S said Inview appointed Nagra to deploy the
Nigerian digital switchover platform to 30 million TV
households. KUD.S
* UBS UBSG.S : Handelszeitung reported the Swiss bank will
launch its new European wealth management bank UBS Europe SE
this autumn. UBSG.S
* Luzerner Kantonalbank LUKN.S said it took a strategic
holding in crowdhouse.ch. LUKN.S
* Alpine Select ALPN.S said has taken the decision in
principle, to reduce in medium-term its exposure in hedge funds
- held directly as well as indirectly via its majority holding
in Altin - and to again increasingly focus on its traditional
topics and/or investment strategies. ALPN.S
ECONOMY M-CH
* The Swiss National Bank is due to publish preliminary data
on its foreign exchange reserves in June at 0700 GMT.
* Swiss inflation data for June is due at 0715 GMT.
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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