Swiss stocks - Factors to watch on July 28
28/07/2015 06:50
ZURICH, July 28 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Tuesday:
UBS UBSG.VX
UBS UBSG.VX said its provisions to deal with future legal
tussle and regulatory run-ins stood at 2.368 billion Swiss
francs ($2.46 billion) in June and revealed a widening probe
into bond funds sold by the Swiss bank's Puerto Rico arm.
For more, click on UBSG.VX
CREDIT SUISSE CSGN.VX
New York Attorney General Eric Schneiderman's office is
preparing a civil case against Credit Suisse Group, the operator
of the Crossfinder dark pool, that could be announced in the
coming weeks, the Fox Business network reported, citing sources.
Schneiderman's office and Credit Suisse declined to comment.
CSGN.VX
ZURICH ZURN.VX
Zurich Insurance ZURN.VX said on Tuesday that it is
weighing up a bid for RSA Insurance Group PLC RSA.L , a British
insurer with a market capitalization of 4.4 billion pounds
($6.85 billion).
For more, click on RSA.L
COMPANY STATEMENTS CPR-CH
* Swissquote SQN.S said it swung to a first-half net loss
of 10.6 million francs following a 20.5 million franc provision
for the Swiss central bank's abandoning of a currency cap
earlier this year, and that it expects a full-year profit,
revenue growth of roughly 10 percent, and net new money of more
than 1 billion francs. SQN.S
* ams AMS.S said Alexander Everke would become chief
executive in March 2016 while reporting second-quarter net
profit nearly doubled to 41.8 million euros. It said it expected
year-on-year revenue growth in the third quarter and targeted
revenue of 1 billion euros in 2019 AMS.S
* Kaba KABN.S said Joerg Lichtenberg would be chief
manufacturing officer of the merged dorma+kaba group, rounding
out its lineup of top managers. KABN.S
ECONOMY M-CH
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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