Swiss stocks - Factors to watch on Nov 23
23/11/2016 06:10
ZURICH, Nov 23 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Wednesday.
GENERALI GASI.MI Schweiz
Generali Schweiz will be relocating 100 jobs from Nyon,
Switzerland to Adliswil by end 2017 as part of a plan to
streamline its business and create a "slimmer, more focused"
organisational structure. As part of the Generali group's
'Simpler, Smarter, Faster' plan the Swiss subsidiary would be
investing around 100 million Swiss francs ($98.97 million) over
the next four years in order to implement simplified processes
more directed to clients. GASI.MI
NESTLE NESN.S
Ivory Coast has granted cocoa and coffee export licences for
the 2016/17 season to 12 additional companies and cooperatives
including Nestle NTLC.CI a document from the Coffee and Cocoa
Council regulator showed on Tuesday. urn:newsml:reuters.com:*:nL8N1DN54W
COMPANY STATEMENTS CPR-CH
* COMET Group COTN.S reiterated its targets to grow sales
to around 500 million Swiss francs by 2020 with an EBITDA margin
of 16 - 18 percent. It said it expected sales at the upper end
of its guidance for 300 - 320 million franc revenues and 11 - 13
percent EBITDA in the current year in a statement ahead of its
investor day. COTN.S
* Swissquote SQN.S said it would not be able to reach its
2016 growth target of 10 percent. The bank said its annual
earnings are expected to increase 2.5 percent to around 150
million Swiss francs for 2016, down from the 160 million francs
it said it expected earlier this year. SQN.S
* Cembra Money Bank CMBN.S has joined the STOXX Europe 600
Index, while GAM Holding GAMH.S has fallen out, STOXX Limited
announced Tuesday evening. CMBN.S GAMH.S
ECONOMY M-CH
($1 = 1.0104 Swiss francs)
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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