Swiss stocks - Factors to watch on April 20
20/04/2023 05:40
ZURICH/BERLIN, April 20 (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Thursday:
CREDIT SUISSE CSGN.S
Credit Suisse has lodged a $440 million claim against
Japan's SoftBank Group Corp 9984.T in London as it presses
ahead with formal proceedings in a dispute borne from the
failure of Greensill Capital, a finance firm.
Separately, Credit Suisse Group AG's dealmakers, hoping to
secure jobs after UBS Group AG's UBSG.S rescue takeover, are
struggling to dispel fears about a culture clash and many will
be disappointed, sources familiar with the talks told Reuters.
And Bloomberg News reported Credit Suisse veteran banker
Alois Mueller is retiring from the lender.
SWISS NATIONAL BANK SNBN.S
Swiss inflation may be low compared to other countries but
is still too high, Swiss National Bank Vice Chairman Martin
Schlegel said on Wednesday, hinting at possible further interest
rates ahead.
NESTLE NESN.S
Nestle investors warn of 'systemic risks' from unhealthy
foods, reported the Financial Times.
SIKA SIKA.S
Australia's competition regulator said it would not oppose
Sika's 5.5 billion Swiss franc ($6.12 billion) takeover of MBCC
Group, only if the Swiss chemicals maker divested MBCC Group's
entire business in Australia and New Zealand.
NOVARTIS NOVN.S
Amgen Inc AMGN.O convinced a U.S. appeals court on
Wednesday to uphold patents that bar generic versions of its
blockbuster psoriasis drug Otezla proposed by Zydus
Pharmaceuticals ZYDU.NS and Novartis AG's Sandoz Inc until
2028.
ROCHE ROG.S
Roche said the U.S. FDA approved Polivy in combination with
R-CHP for people with certain types of previously untreated
diffuse large B-cell lymphoma.
SCHINDLER HOLDING SCHP.S
Schindler Holding reported first-quarter earnings before
interest and taxes (EBIT) of 282 million Swiss francs ($314.45
million).
COMPANY STATEMENTS
* Achiko AG ACHIN.S said it continues to struggle to
connect production to sales in Indonesia. ACHIN.S
*Peace Property Group AG PEAN.S announced Chief Executive
Thomas Wolfensberger has resigned. PEAN.S
EX-DIVIDEND
TECAN TECN.S - 2.90 CHF/shr dividend
ECONOMY
No major Swiss economic data scheduled.
($1 = 0.8968 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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