Swiss stocks - Factors to watch on December 16
16/12/2021 06:34
ZURICH/BERLIN, Dec 16(Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
NOVARTIS AG NOVN.S
Novartis said it was launching a new share buyback of up to
$15 billion to be executed by the end of 2023 with the proceeds
of the sale of its Roche stake, adding it was confident in its
top line growth and deep pipeline. urn:newsml:reuters.com:*:nL8N2T10TV
VONTOBEL VONN.S , UBS UBSG.S
Swiss bank Vontobel said it signed an agreement to purchase
UBS Swiss Financial Advisers AG (SFA), a Zurich-based subsidiary
of UBS AG, to boost its wealth management business for U.S.
clients. urn:newsml:reuters.com:*:nFWN2T10BA
COMPANY STATEMENTS
* GAM Holding AG GAMH.S said GAM International Management
Limited had reached settlement with FCA. GAMH.S
* Luzerner Kantonalbank LUKN.S said it was planning a
capital increase. LUKN.S
* Swiss Prime Site SPSN.S said it had acquired Zug-based
Akara Group. SPSN.S
* Straumann Group STMN.S presented its strategy to achieve
its long-term revenue goal of 5 billion Sfr by 2030. STMN.S
* Ina Invest INAI.S said it had acquired Ceres Group
Holding Ltd. INAI.S
* Vaudoise Assurances Holding SA VAHN.S announced
investment IN SEG Suisse Estate Group SA. VAHN.S
* Tecan TECN.S said its board of directors will propose
Myra Eskes as a new member at the upcoming annual general
meeting.
* Vifor Pharma AG VIFN.S announced divesting of non-core
finished drug manufacturing to Cordenpharma. VIFN.S
* Relief Therapeutics RLFB.S filed a registration
statement on form 20-F with the U.S. United States Securities
and Exchange Commission. RLFB.S
* Swiss Re AG SRENH.S said group Chief Operating Officer
Anette Bronder will leave the company, and the group operations
will be reorganised. SRENH.S
ANALYSTS' VIEWS
KUEHNE UND NAGEL INTERNATIONAL AG KNIN.S : JP MORGAN CUTS
TARGET PRICE TO CHF 293 FROM CHF 305.6
ECONOMY
Swiss Q4 2021 SNB policy rate due at 0830 GMT. Seen -0.75%
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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