Swiss stocks - Factors to watch on Sep 29
29/09/2014 07:34
ZURICH, Sept 29 (Reuters) - Swiss stocks were seen opening
virtually unchanged on Monday, with European shares seen rising
after upbeat economic data from the United States.
The Swiss blue-chip SMI .SSMI was seen falling 0.1 percent
to 8,768 points, according to premarket indications by bank
Julius Baer JBPRE01 .
The following are some of the main factors expected to
affect Swiss stocks on Monday:
UBS UBSN.VX
UBS said it was launching a share-for-share exchange to set
up a new holding company, UBS Group AG, part of a restructuring
drive to ensure it can be broken up more easily in a crisis.
For more, click on UBSN.VX
COMPANY STATEMENTS CPR-CH
* Nestle NESN.VX said it named Chris Johnson, currently
head of Nestle Americas, to take on the newly created role of
Executive Vice President, Nestle Business Excellence. Laurent
Freixe, currently head of zone Europe, will succeed Johnson as
head of Americas. Luis Cantarell will take on responsibility for
a newly defined zone Europe, Middle East and North Africa.
NESN.VX
* Valiant VATN.S has set aside enough provisions to cover
any costs that might arise from the U.S. tax dispute, the bank's
chairman Juerg Bucher was quoted as saying by Swiss newspaper
Schweiz am Sonntag. Bucher declined to give details of the size
of the provisions in the interview. VATN.S
* Syngenta SYNN.VX said it had appointed Jon Parr as Chief
Operating Officer for Europe, Africa and the Middle East, and
Latin America. SYNN.VX
* Roche ROG.VX said it had purchased shares in tender
offer for InterMune Inc ITMN.O at $74.00 per share and expects
to complete the acquistion later on Monday. ROG.VX
* Aryzta ARYN.VX said underlying fully-diluted net profit
increased by 18.3 pct to 378 million euros for the financial
year ending July 31. ARYN.VX
ECONOMY M-CH
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