Swiss stocks - Factors to watch on Sept 28

SHL Telemedicine

28/09/2017 06:47

ZURICH, Sept 28 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Thursday: 
     
    ABB  ABBN.S  
    ABB will not wait "multiple years" to return capital to 
investors and this could involve relaunching a share buyback 
that was put on hold after the Swiss group bought a unit from 
General Electric  GE.N , the CEO said on Wednesday.  urn:newsml:reuters.com:*:nL8N1M84Z6 
     
    UBS  UBSG.S  
    The world's largest wealth manager, is convinced its new 
online private bank needs to get bigger. Now it needs to work 
out how.  urn:newsml:reuters.com:*:nL8N1M83SZ 
    A former senior precious metals trader at UBS Group AG has 
been indicted on a criminal conspiracy charge over his alleged 
role in rigging prices by placing "spoof" trades.  urn:newsml:reuters.com:*:nL2N1M82LC 
     
    NOVARTIS  NOVN.S  
    Novartis's research head expects an alliance with a 
University of California chemistry lab to produce drug 
candidates within three years as the Swiss company accelerates 
its hunt for new medicines. [nNASO0001C 
     
    COMPANY STATEMENTS  CPR-CH  
    * Aryzta AG  ARYN.S  said that Chairman Gary McGann and CEO 
Kevin Toland acquired 4,000 and 3,642 ordinary shares of Aryzta 
AG respectively following the announcement of full-year 2017 
results.  ARYN.S  
    * Panalpina  PWTN.S  is acquiring Interfresh Airfreight 
Handling, a Dutch handling agent specialized in perishables, as 
well its affiliates Fresh Cargo Connection and Dutch Cargo 
Connection, without disclosing the financial terms of the deal. 
    * VAT Group  VACN.S  said Partners Group sold 3 million of 
its VAT shares, or roughly 10 percent of total share capital, to 
Rudolf Maag. Partners Group will hold a remaining 13.07 percent 
of VAT's share post-sale. 
    * Roche's  ROG.S  Ocrevus was approved in Switzerland for 
primary progressive and relapsing forms of multiple sclerosis.  
    * SHL Telemedicine  SHLTN.S  swung back to profitability in 
the first six months of 2017, earning net income of $2 million 
versus a loss of $3.8 million during H1 2016. 
    * LumX Group's  LUMX.S  loss widened to $4.1 million in the 
first half of 2017, versus $3.5 million in the prior-year 
period. 
    * Dufry  DUFN.S  said it won a contract for a downtown 
travel retail operation in Kuala Lumpur. 
    * Basilea  BSLN.S  has agreed a license with Shenzhen China 
Resources Gosun Pharmaceutical Co for Basilea's Zevtera in 
China, Hong Kong and Macao. The Swiss group will receive an 
execution payment of 3 million francs and is eligible to receive 
up to approximately 145 million francs additional payments. 
     
    ECONOMY  M-CH  
     
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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