Swiss stocks - Factors to watch on July 4

Thurgauer Kantonalbank

04/07/2014 07:22

ZURICH, July 4 - Swiss stocks were expected to open little 
changed on Friday, mirroring pauses on other exchanges following 
brisk gains since the start of the month. 
    The Swiss blue-chip SMI  .SSMI  was seen opening steady at 
8,694 points, according to premarket indications by bank Julius 
Baer  JBPREO1 . 
    The following are some of the main factors expected to 
affect Swiss stocks on Friday: 
     
    ROCHE  ROG.VX  
    Swiss drugmaker Roche  ROG.VX  said on Friday that Japan has 
become the first country to approve its drug alectinib that is 
intended to treat patients with a specific form of advanced lung 
cancer. 
    For more, click on:  ROG.VX  
       
    COMPANY STATEMENTS  CPR-CH  
    * Georg Fischer  FIN.S  says its machining solutions 
division has acquired Swiss company Liechti Engineering AG , a 
maker of axle and milling machines used in the production of 
aircraft engines with an annual turnover of over 50 million 
Swisss francs. 
    * Thurgauer Kantonalbank  TKBP.S  says it has signed up to a 
U.S. tax programme to resolve a tax dispute with banks, but has 
put itself in a category of institutions that have not committed 
any U.S. tax-related offences and are therefore exempt from 
penalty payments. 
    * Adval Tech Group  ADVN.S  has signed a new agreement with 
four banks to replace its 85 million Swiss franc credit facility 
which expired at the end of June. The term to maturity on the 
new agreement is three years. 
    * Leclanche  LECN.S  says Precept Fund Management has 
converted its outstanding loan of 2.2 million francs into 1.5 
million ordinary shares of Leclanche. 
    * Nobel Biocare  NOBN.S  said its executive board would be 
reduced by two members. Walter Ritter, its head of global human 
resources and Petra Rumpf, head of corporate responsibility have 
both decided to leave the company. 
    * Acino  ACIN.S  has appointed Barthold Piening as its new 
chief operations operator, effective August 18.   
 
      
    ECONOMY  M-CH  
     
 
     
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Keywords: MARKETS SWISS STOCKS