Swiss stocks - Factors to watch on March 4
04/03/2019 05:58
ZURICH/BERLIN, March 4 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
PANALPINA PWTN.S
The logistics company's board is speaking with DSV DSV.CO
after the Danish freight forwarder increased its takeover offer
to $4.3 billion last month, a newspaper reported. urn:newsml:reuters.com:*:nL5N20Q06X
SWISS NATIONAL BANK
Trade union Unia head Vania Alleva has been nominated to
join the Swiss National Bank's bank council, to replace Daniel
Lampart whose term reaches its statutory limit in April this
year.
SUNRISE COMMUNICATIONS SRCG.S
CFO Andre Krause told newspaper Finanz und Wirtschaft that
the net debt-to-EBITDA ratio of 2.7 after Sunrise's planned
takeover of Liberty Global's LBTYA.O UPC Switzerland will
allow his company to pay a short-term dividend that is not
necessarily covered by the equity free cash flow, which he said
means the deal will immediately benefit shareholders.
Separately, Liberty Global said under certain circumstances,
Sunrise Communications agreed to pay Liberty a termination fee
of 50 million Swiss francs. urn:newsml:reuters.com:*:nFWN20O0OZ
FLUGHAFEN ZUERICH FHZN.S
The Zurich airport operator lost out to India's Adani in a
race for facilities being privatised in the south Asian country,
but a spokeswoman told Schweiz am Wochenende that Flughafen
Zuerich continues to be focused on international projects in
Latin America and Asia, where the company just opened an office
in Kuala Lumpur.
GAM HOLDING GAMH.S
The whistleblower who raised concerns over a former star
fund manager at GAM has been made redundant after he triggered a
crisis at the fund manager last year, the Financial Times
reported. urn:newsml:reuters.com:*:nL3N20O50U
COMPANY STATEMENTS E-CH
* Kardex KARN.S said its 2018 full year net profit was up
20.4 percent to 38.3 million euros. KARN.S
* Orior ORON.S said 2018 net profit was up 25.8 percent to
31.8 million Swiss francs. ORON.S
ANALYSTS' VIEWS
UBS UBSG.S - Moody's assigns deposit ratings of Aa3/P-1 to
UBS Europe SE
ECONOMY M-CH
No major Swiss economic data scheduled
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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