Swiss stocks - Factors to watch on March 7
07/03/2018 05:39
ZURICH, March 7 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday.
SIKA SIK.S
Swiss adhesives maker Sika SIK.S is slated to face another
acrimonious annual shareholders meeting next month after its
founding family and investors including the Bill & Melinda Gates
Foundation requested what will likely be duelling proposals.
urn:newsml:reuters.com:*:nFWN1QO0PL
RICHEMONT CFR.S
Yoox Net-A-Porter YNAP.MI , which Richemont is in the
process of buying, is in line with its five-year plan and core
profit margins will rise 30-70 basis points in 2018, as revenue
is lifted by sales through mobiles and in the Middle East, the
group's chief executive said on Tuesday. urn:newsml:reuters.com:*:nL5N1QO6DC
UBS UBSG.S
Heung Li, an executive director in UBS's Hong Kong equity
capital markets team, has resigned after being placed on leave,
people familiar with the situation told IFR.
Li's departure followed an internal investigation, according
to the people. One other banker in the ECM division is also
under suspension. urn:newsml:reuters.com:*:nL4N1QP1RG
COMPANY STATEMENTS CPR-CH
* Orior ORON.S said it launched an accelerated
bookbuilding for the placement of up to 592,499 new registered
shares with a par value of 4 francs per share, with the net
proceeds from the capital increase to be used to finance the
planned acquisition of Thurella. ORON.S
* New Venturetec AG NEV.S said it decided to dissolve
subsidiary Venturetec Inc., BVI. NEV.S
ECONOMY M-CH
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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