Swiss stocks - Factors to watch on March 26
26/03/2018 07:24
ZURICH, March 26(Reuters) - The Swiss blue-chip SMI .SSMI
was seen opening 0.4 percent lower at 8,537 points on Monday,
according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks.
ROCHE ROG.S
Swiss drugmaker Roche's immunotherapy Tecentriq combined
with other medicines helped people with advanced lung cancer
live longer, compared to patients receiving an older drug
combination, the company said in a statement on Monday.
urn:newsml:reuters.com:*:nFWN1R701A
GIVAUDAN GIVN.S
The fragrance and flavour maker has agreed to buy a 40.6
percent stake in French natural ingredients group Naturex
NATU.PA and plans to launch a mandatory cash tender offer for
the remaining shares. urn:newsml:reuters.com:*:nFWN1R701M
ALPIQ ALPH.S
Alpiq unloaded building technology units for 850 million
Swiss francs ($897.19 million) to shore up its finances after
announcing on Monday its fifth loss in seven years, as low
European power prices continue to bedevil the Swiss utility.
ZURICH INSURANCE ZURN.S
Alpiq Chief Executive Jasmin Staiblin has withdrawn her
candidacy to join Zurich Insurance's board of directors due to
other commitments, the Swiss insurer said on Monday.
urn:newsml:reuters.com:*:nFWN1R701I
SONOVA SOON.S
* Incoming Sonova Chief Executive Arnd Kaldowski plans to
shift the group's focus more towards technical innovation and
hopes to cooperate with Apple and Samsung, he told NZZ am
Sonntag in an interview.
SWATCH UHR.S
* Longines President Walter von Kaenel told weekly Schweiz
am Sonntag he expects 2018 to become "the best year in our
185-year-old history", mainly thanks to the Chinese's appetite
for the Swatch Group's luxury unit's watches.
"Demand for our watches has never dried up in China. It
increased uninterrupted over the past years." Longines'
Hong-Kong business is recovering after a hefty drop in demand in
2014 due to the "umbrella revolution," von Kaenel said.
RAIFFEISEN RFSHW.UL
* The chief legal advisor and wife of former Raiffeisen CEO
Pierin Vincenz, Nadja Ceregato, will leave the bank, Swiss
newswire SDA reported on Sunday. "The new findings regarding
Pierin Vincenz have changed the situation for Nadja Ceregato," a
Raiffeisen Switzerland spokeswoman told SDA. "It is neither in
her nor in Raiffeisen's interest for Ceregato to return to
Raiffeisen."
MEYER BURGER MBTN.S
* Chief Executive Hans Braendle confirmed the group's annual
forecast in an interview with weekly Finanz und Wirtschaft but
acknowledged that it has been difficult to win orders in recent
months.
"A large order would certainly help," Braendle said, adding
that 2018 results will not be burdened by one-off effects.
PARTNERS GROUP PGHN.S
The investment has launched a $1 billion social impact fund,
the Financial Times reported.
COMPANY STATEMENTS CPR-CH
* Mobilezone MOZN.S said it will receive 81.6 million
Swiss francs from a capital increase, where subscription rights
for 99.9 percent of the 8.6 million new shares have been
exercised. MOZN.S
* Cham Group CPGN.S raised its dividend to 6 francs per
share as net income rose to 14.9 million francs in 2017.
CPGN.S
* Dufry DUFN.S won a 5-year contract for duty-free stories
in Hong Kong's new railway station. DUFN.S
* After a 32.5 million euro net loss in 2017, Cosmo
Pharmaceuticals COPN.S expects to mark an operating loss of 40
million euros in 2018 before returning to profit in 2019.
COPN.S
* 5,631,625 shares, or close to 90 percent of the share
total, in Goldbach Group GBMN.S were tendered to Tamedia
TAMN.S by the close of its public tender offer, the groups
said. GBMN.S
ECONOMY M-CH
* The Swiss National Bank is due to publish details on the
Swiss balance of payments at 0800 GMT.
* The SNB is due to publish information on sight deposits at
0900 GMT.
($1 = 0.9474 Swiss francs)
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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