Swiss stocks - Factors to watch on April 26
26/04/2021 05:58
ZURICH/BERLIN, April 26 (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Monday:
CREDIT SUISSE CSGN.S
Some of Credit Suisse's largest shareholders will attempt to
remove the board member in charge of risk oversight, in protest
at scandals that have cost the bank and its clients billions and
damaged its reputation, the Financial Times reported.
urn:newsml:reuters.com:*:nL4N2MI0C0
Credit Suisse on Friday set terms for mandatory convertible
note issues. urn:newsml:reuters.com:*:nZ8N2K800X
NESTLE NESN.S
California's Water Resources Control Board on Friday asked
Nestle to stop unauthorized natural spring water diversions in
the San Bernardino Forest after a probe revealed multiple
violations and depletion of resources. urn:newsml:reuters.com:*:nL4N2MG3T5
Nestle SA is in talks to buy nutritional supplements maker
Bountiful Co BTFL.N for a price in the mid-single-digit
billions, the Wall Street Journal reported on Friday, citing
people familiar with the matter. urn:newsml:reuters.com:*:nL4N2MG3KB
COMPANY STATEMENTS
* Richemont CFR.S on Sunday confirmed the death of
designer Alber Elbaz, saying the former creative director at
French fashion house Lanvin had died from COVID-19. urn:newsml:reuters.com:*:nL1N2MI06S
* Medartis Holding MEDA.S said its annual general meeting
had approved all proposals of the board of directors and elected
Marco Gadola as the new chairman of the board of directors.
* Kuehne + Nagel KNIN.S reported a 134% rise in
first-quarter EBIT to 431 million Sfr ($472.43 million).
ANALYSTS' VIEWS
* FORBO HOLDING AG FORN.S : CREDIT SUISSE CUTS TO NEUTRAL
FROM OUTPERFORM
* AMS AG AMS.S : CREDIT SUISSE CUTS TO UNDERPERFORM FROM
OUTPERFORM
ECONOMY
SNB Sight Deposits due at 0800 GMT.
($1 = 0.9123 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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