Swiss stocks - Factors to watch on July 14
14/07/2020 06:39
ZURICH/BERLIN, July 14 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Tuesday:
SWATCH UHR.S
Swatch Group UHR.S said it expected sales and profits to
improve quickly in the second half after the COVID-19 pandemic
led it to post a net loss and 46.1% sales drop in the first half
of the year. urn:newsml:reuters.com:*:nL5N2EL0M3
ROCHE ROG.S
Roche ROG.S will pay up to $1.7 billion to Blueprint
Medicines BPMC.O to help develop and commercialise a new
treatment for people with so-called RET-altered cancers that
have mutations that drive tumour growth. urn:newsml:reuters.com:*:nASN000997
It also received U.S. breakthrough designation for
follicular lymphoma drug hopeful mosunetuzumab, urn:newsml:reuters.com:*:nFWN2EK0OD
while Enspryng won Swiss approval for neuromyelitis optica
spectrum disorders. urn:newsml:reuters.com:*:nFWN2EL005
Immunomedics Inc IMMU.O said it was expanding
collaboration with Roche evaluating trodelvy in combination with
tecentriq into urothelial and non-small cell lung cancers.
COMPANY STATEMENTS
* ORIOR AG ORON.S reported a 2.8 % rise in revenues in the
first half of the year to 287.4 million Sfr. urn:newsml:reuters.com:*:nFWN2EK0S7
* Orascom Development Holding ODHN.S said second-quarter
sales of its El Gouna Real Estate project in Egypt rose by 27.4%
to 54.4 million Sfr. urn:newsml:reuters.com:*:nFWN2EK0MK
* Flughafen Zuerich FHZN.S reported a 93% year-on-year
drop in passengers in June.
* Partners Group PGHN.S reported total assets under
management Of $96.3 billion in the first half of the year.
urn:newsml:reuters.com:*:nFWN2EL034
* Meyer Burger MBTN.S announced the beginning of the
trading in subscription rights and the subscription period for
its planned ordinary capital increase targeting 165 million Sfr
proceeds. urn:newsml:reuters.com:*:nFWN2EK0OA
ECONOMY
Swiss June Producer Prices due at 0630 GMT.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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