Swiss stocks - Factors to watch on June 26

Valartis AG

26/06/2014 07:25

ZURICH, June 26 (Reuters) - Swiss stocks were set to open 
higher on Thursday, bouncing back from the previous session's 
losses and tracking gains on Wall Street. 
    The Swiss blue-chip SMI  .SSMI  was seen opening 0.2 percent 
higher at 8,597 points, according to premarket indications by 
bank Julius Baer  JBPRE01 . 
    The following are some of the main factors expected to 
affect Swiss stocks on Thursday: 
       
    DUFRY  DUFN.VX  
    Dufry  DUFN.S  said it will offer investors 3 new shares for 
each 17 shares held, part of a cap hike to finance its 1.55 
billion Swiss franc ($1.74 billion) acquisition of rival Nuance. 
    For more, click on  DUFN.S  
     
    COMPANY STATEMENTS  CPR-CH  
    * Valartis  VLRT.S  said it is expecting a "significant" 
first-half loss linked to the shortfall from disposing of part 
of its bond portfolio and the divestment of its Swiss bank. 
 VLRT.S  
    * Basilea  BSLN.S  said it started phase 2a study with 
oncology drug candidate BAL101553.  BSLN.S  
    * Carlo Gavazzi  GAV.S  said full-year net income slipped 
more than 10 percent, mainly due to a currency hit from a 
stronger euro versus the US dollar, and said it will pay out 12 
Swiss francs ($13.45) per share to shareholders.  GAV.S  
    * Zublin  ZUBN.S  said its finance chief Thomas Wapp will 
act as interim Chief Executive from July 1, and that it will 
propose four new board members at an extraordinary shareholder 
meeting on July 22 including Renova executives Iosif Bakaleynik 
and Iakov Tesis as well as Wenger & Vieli lawyer Wolfgang 
Zuercher.  ZUBN.S  
    * Ascom  ASCN.S  said it won in a 1.4 million franc order 
from the new Swedish hospital Nya Karolinska Solna, near 
Stockholm, to deliver advanced healthcare communication 
solutions.  ASCN.S  
     
    ECONOMY  M-CH  
     
    
    ((Zurich newsroom +41 58 306 7340, fax 41 44 251 0476,  
zurich.newsroom@news.reuters.com))  
 
($1 = 0.8921 Swiss Francs) 
 
  
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Keywords: MARKETS SWISS STOCKS