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NESN - Nestle SA News Story

CHF118 -3.0  -2.5%

Last Trade - 24/01/22

Sector
Consumer Defensives
Size
Large Cap
Market Cap £270.23bn
Enterprise Value £302.08bn
Revenue £68.95bn
Position in Universe 1st / 1058

Swiss stocks - Factors to watch on December 6

Mon 6th December, 2021 5:58am
ZURICH/BERLIN, Dec 6 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
        
    SWISS BANKS
    The chairperson of Switzerland's financial watchdog has
called for more power to punish wayward bankers after a string
of scandals tarnished the sector's international reputation.
Marlene Amstad, head of the Swiss Financial Market Supervisory
Authority's (FINMA) board of directors, told the SonntagsZeitung
paper the agency would welcome new tools to hold bankers
accountable for the mistakes they make  urn:newsml:reuters.com:*:nL8N2SQ050
    
    AMS OSRAM  AMS.S 
    Chief Executive Alexander Everke expects to have announced
by mid-2022 additional divestments of non-core businesses with
combined sales of around 650 million euros, he tells Finanz und
Wirtschaft in an interview. He says parts shortages will likely
last until the middle of 2022 although the situation has started
to improve
    
    ROCHE  ROG.S 
    Roche board member Paul Bulcke, the current chairman of
Nestle  NESN.S , will stand down from the Swiss drug-maker's
board of directors after its annual general meeting next year,
the company said on Friday.  urn:newsml:reuters.com:*:nL8N2SO4M9
    
    AIRLINE SWISS
    Swiss International Air Lines has temporarily suspended
flights to Hong Kong until Dec. 11 as a result of tightened
quarantine restrictions for crew members, the Swiss unit of
German group Lufthansa  LHAG.DE  said on Saturday.  urn:newsml:reuters.com:*:nL8N2SP06X
    
    ECONOMY
    SNB data on Swiss sight deposits due at 0900 GMT
    
    COMPANY STATEMENTS
    * TX Group  TXGN.S  to reorganize its structure  TXGN.S 
    * Metall Zug  METN.S  says Heinz M. Buhofer and Peter
Terwiesch will not stand for re-election  METN.S 
    * Nuheara Secures Global Supply Agreement With Sonova
 SOON.S   SOON.S 
       
    ANALYSTS' VIEWS
    ASCOM HOLDING AG  ASCN.S : CREDIT SUISSE CUTS TARGET PRICE
TO CHF 13.70 FROM CHF 16.80
    SWISS RE AG  SRENH.S : CREDIT SUISSE RAISES TARGET PRICE TO
CHF 98 FROM CHF 92

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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