Swiss stocks - Factors to watch on Feb 28
28/02/2017 05:58
ZURICH, Feb 28 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Tuesday.
BALOISE BALN.S
The Swiss insurance group has joined forces with digital
financial services venture capital and advisory firm Anthemis
Group to invest in insurance and risk management technology
startups, the latest sign of large, traditional insurers seeking
to become more tech-savvy. urn:newsml:reuters.com:*:nL2N1GC1KI
For more news, click BALN.S
ABB ABBN.S
EU antitrust regulators cleared on Monday Danish company NKT
Cable's NKT.CO 836-million-euro ($887.9 million) bid for Swiss
power and automation company ABB's high-voltage cabling
business. urn:newsml:reuters.com:*:nL5N1GC5B5
For more news, click on ABBN.S
COMPANY STATEMENTS CPR-CH
* OC Oerlikon OERL.S reported a 6.7 percent drop in Q4
sales and an 10.6 percent increase in orders to 447 million
Swiss francs ($443.94 million). OERL.S
* Looser Holding LOHN.S said its integration into the
Arbonia group of doors and industrial services segment is well
advanced as it reported a drop in consolidated net income to 8.8
million Swiss francs. LOHN.S
* Straumann STMN.S said it will no longer pursue its plans
to invest in or partner with South Korean dental implant company
MegaGen Implant Co., Ltd. STMN.S
* Swissgrid SWISG.UL said Joerg Spicker, Head of Market
and member of the Executive Board, has decided to stand down
from the Executive Board of the company with effect from the end
of May 2017 for family reasons. SWISG.UL
* Orior ORON.S reported an 11 percent increase in net
profit to 28.4 million Swiss francs, supported by a successful
acquisition in Belgium and a good performance in its domestic
market. ORON.S
* APG SGA APGN.S said its FY2016 net income rose by 0.8
percent to 52.6 million Swiss francs. APGN.S
* Allreal Holding ALLN.S said net profit including
revaluation gains for the 2016 financial year amounted to 173.6
million Swiss francs ($172.34 million - the highest profit ever
reported in the company's history. ALLN.S
* Valora
ECONOMY M-CH
Switzerland's leading KOF economic barometer is due to be
published at 0800 GMT. CHKOFL=ECI
($1 = 1.0069 Swiss francs)
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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Keywords: MARKETS SWISS STOCKS/