Swiss stocks - Factors to watch on May 18
18/05/2016 05:33
ZURICH, May 18 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Wednesday.
NOVARTIS NOVN.S
The Swiss drugmaker said on Tuesday it is splitting its
pharmaceuticals division into two business units, one focused on
cancer medicines and the second on other drugs, it said on
Tuesday. It also said David Epstein, division head and chief
executive of Novartis Pharmaceuticals, will leave the company to
"explore new challenges" during a period in which the company's
new heart failure drug got off to a sluggish start. urn:newsml:reuters.com:*:nFWN18E0I4
For more click NOVN.S
SCHWEITER TECHNOLOGIES SWTQ.S
The Swiss textile machinery maker is cutting jobs and
concentrating production at locations in Switzerland and Italy
as it realigns units. urn:newsml:reuters.com:*:nFWN18E0KV
For more click SWTQ.S
ACCU HOLDING ACUN.S
The Swiss holding company has canceled its ordinary capital
increase and does not expect a successful execution to be
feasible "in the near future" after several shareholders
withdrew from the process. urn:newsml:reuters.com:*:nASN000248
For more click ACUN.S
SONOVA SOON.S
The Swiss hearing aid maker that has been expanding its
retail presence through takeovers releases full-year results.
Analysts polled by Reuters have forecast, on average, that the
company will report that net profit slipped 2.8 percent.
urn:newsml:reuters.com:*:nL5N18A3A6
For more click SOON.S
Syngenta SYNN.S
The deadline for shareholders to accept state-owned
ChemChina's $43 billion bid for the Swiss chemicals maker has
been extended to allow for regulatory approvals, the company
said late on Tuesday. urn:newsml:reuters.com:*:nL5N18E32X
For more click SYNN.S
Dufry DUFN.S
Sales at the airport retailer that has been expanding by
buying rivals including World Duty Free will grow organically
between 3 percent and 4 percent this year, Chief Executive
Officer Julian Diaz told Swiss financial newspaper Finanz und
Wirtschaft in an article published online on Tuesday, adding
"the situation has continually improved since the start of the
year."
For more click DUFN.S
COMPANY STATEMENTS CPR-CH
ECONOMY M-CH
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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