Swiss stocks - Factors to watch on July 26
26/07/2021 05:53
ZURICH/BERLIN, July 26 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
ABB ABB.S
RBC Bearings Inc ROLL.O is in advanced talks to buy the
power transmission unit of Swiss industrial giant ABB, Bloomberg
reported on Sunday. ABB declined to comment. urn:newsml:reuters.com:*:nL1N2P10FU
CREDIT SUISSE CSGN.S
The lender has reached an out-of-court settlement with
former star banker Iqbal Khan over allegations of spying that
led to the resignation of the Chief Executive Tidjane Thiam, a
spokesperson for the Swiss bank said on Sunday. urn:newsml:reuters.com:*:nL1N2P107K
INSURERS
The global insurance industry is poised to recover more
quickly and forcefully from the pandemic than it did after the
2008 financial crisis, despite such obstacles as low interest
rates and inflation risk, insurer Swiss Re AG's SRENH.S chief
Americas economist said on Friday. urn:newsml:reuters.com:*:nL1N2OZ1XW
COMPANY STATEMENTS
* Meyer Burger MBTN.S said it would concentrates its
service activities in Asia at its Shanghai and Singapore sites.
* Meyer Burger MBTN.S also said it considers legal options
to enforce its rights after Oxford PV's unilateral termination
of collaboration.
* Bobst Group BOBNN.S reported EBIT of 14.6 million Swiss
francs ($15.90 million) on sales of 667.4 million francs for
the first half of 2021.
* IGEA Pharma IGPH.S said its all equity offer to Blue Sky
Natural Resources is now unconditional as to acceptances and
remains open until 0500 PM UK time on August 4.
* Clariant CLN.S said it is expanding production capacity
for emission control catalysts at its plant in Heufeld, Germany.
* Basilea's BSLN.S partner Asahi Kasei has filed For
Isavuconazole authorization in Japan
* Relief Therapeutics RLFB.S announces a 15 Mln Swiss
franc private placement
* Cosmo Pharmaceuticals COPN.S says Cassiopea has signed a
license and supply agreements for Winlevi in the United States
and Canada
* Energiedienst Holding EDHN.S has reported H1 adjusted
EBIT up at EUR 26 Million.
ANALYSTS' VIEWS
LONZA GROUP AG LONN.S : JEFFERIES RAISES TARGET PRICE TO
CHF 785 FROM CHF 730
UBS GROUP AG UBSG.S : MORGAN STANLEY RAISES TARGET PRICE TO
CHF 17 FROM CHF 16
SCHINDLER HOLDING AG SCHP.S : MORGAN STANLEY RAISES TARGET
PRICE TO CHF 285 FROM CHF 260
BELIMO HOLDING AG BEAN.S : MORGAN STANLEY RAISES TARGET
PRICE TO CHF 390 FROM CHF 360
GIVAUDAN SA GIVN.S: BERENBERG RAISES TARGET PRICE TO CHF
4,950 FROM CHF 4,500
ECONOMY
SNB Sight Deposits due at 0800 GMT.
($1 = 0.9184 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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