Swiss stocks - Factors to watch on June 14

VP Bank AG

14/06/2016 06:15

ZURICH, June 14 (Reuters) - Here are some of the main 
factors that may affect Swiss stocks on Tuesday: 
     
    PRIVATE BANKING 
    Private banks will struggle to grow revenue given negative 
interest rates and restrained client activity, UBS  UBSG.S  
Wealth Management President Juerg Zeltner said. 
    For more click  urn:newsml:reuters.com:*:nL8N1953LI 
     
    CREDIT SUISSE  CSGN.S  
    A group of 26 Mozambique civil society organisations said on 
Monday $1.86 billion of government debt arranged by Credit 
Suisse and Russia's VTB Bank  VTBR.MM  was illegal and should 
not be paid.  urn:newsml:reuters.com:*:nL8N1953NN 
    Harris Associates Investment Trust holds a 5.08 percent 
stake in Credit Suisse Group AG, according to the Swiss SIX 
Exchange. A previous notice from SIX showed Harris Associates 
Investment Trust's holdings at 4.21 percent.  
    For more news, click  CSGN.S  
     
    COMPANY STATEMENTS  CPR-CH  
    * In an update on its expected first-half 2016 results, GAM 
 GAMH.S  said underlying profit before tax for the first six 
months of the year is likely to decline by approximately 50 
percent from the 101.5 million Swiss francs reported for the 
same period in 2015.  GAMH.S  
    * Daetwyler Holding  DAE.S  said it would acquire Premier 
Farnell for an enterprise value of 1.09 billion francs in a 
recommended all-cash offer.  DAE.S  
    * Sulzer  SUN.S  said Oliver Bailer, Division President 
Chemtech, will go on an indefinite leave of absence starting 
today, for family reasons.  SUN.S  
    * VP Bank  VPBN.S  said expects a fall in group net income 
for the first half of 2016 compared to the first half of 2015 
where the integration of Centrum Bank had a positive one-off 
effect, it said. It also expects group net operating income to 
"significantly exceed" the prior-year level.  VPBN.S  
    * Burckhardt Compression Holding AG  BCHN.S  said it has 
appointed Martin Wendel as the new COO of its Services Division 
and a member of the executive board. He will take up the new 
post on Sept. 1.  BCHN.S  
    * Capital Group Companies increased its shareholdings in 
Emmi AG  EMMN.S  to 5.019 percent from 4.925 percent.  EMMN.S  
    * Gurit  GUR.S  said it will open a wind blade mould 
production facility in Szczecin, Poland.  GUR.S  
    * Charles Voegele  VCH.S  said its board of directors in 
Belgium had decided to apply for judicial reorganisation through 
the transfer of business operations. This petition will be filed 
with the Commercial Court of Antwerp by June 20. The court has 
up to three weeks in which to approve this application, which 
the company said offered the best perspectives for the 
continuation of Belgian activities. 
     
    ECONOMY  M-CH  
    * Producer/import price data  CHPPIY=ECI  for May due at 
0715 GMT 
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
((For Top News in a multimedia Web format on Eikon visit: 
https://emea1.views.cp.extranet.thomsonreuters.biz/Explorer/NEWSxTOPNEWS.aspx?group=SP_GROUP_001&page=SP_PAGE_001&pageName=FrontPage 
 FOR RELATED PRICES, NEWS AND OTHER TOPICS, DOUBLE-CLICK ON: 
     
 Daily Swiss stock market report in German................ .SDE  
 All SMI constituent stocks............................ 0#.SSMI   
 News on major Swiss stock price moves.................. CH-HOT  
 FTSE Eurotop 300 index................................  .FTEU3  
 DJ STOXX index........................................  .STOXX  
 Top 10 STOXX sectors.............................  .PGL.STOXXS   
 Top 10 EUROSTOXX sectors........................  .PGL.STOXXES  
 Top 10 Eurotop 300 sectors.......................  .PGL.FTEU3S  
 Top 25 European pct gainers...  .PG.PEUR , losers...  .PL.PEUR  
     
 Swiss mid-cap index      .SSMI   SMI futures            0#SMI:  
 Swiss all-share index    .SSHI   Market statistics   CH/STATS1  
 Swiss market digest      .AD.S   Sector overview    CH/SECTOR1  
 All Swiss news              CH   Swiss research news     CH-RCH    
 All equity news              E   
      
 INTERNET ADDRESSES:               
  
Swiss Exchange  www.swx.ch/      
Eurex   www.eurexchange.com 
STOXX Ltd         www.stoxx.com  
  
 SPEED GUIDES:  VX/EQUITY   EQUITY   EQUITY/NEWS1   EUR/EQUITY   
  SWITZERLAND   REUTERS  )) 
 
Keywords: MARKETS SWISS STOCKS/