Swiss stocks - Factors to watch on June 23

VP Bank AG

23/06/2017 05:56

ZURICH, June 23 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Friday: 
     
    NESTLE  NESN.S  
    The Swiss food giant's Gerber baby food business could make 
acquisitions and sign partnerships with innovative startups to 
fuel growth in its home market, the United States, and in the 
fast-growing Chinese market, the division's head told Reuters. 
 PnL8N1JJ37T  
    For more click  NESN.S   
       
    COMPANY STATEMENTS  CPR-CH  
    * VP Bank  VPBN.S  set aside 9.9 million euros ($11.05 
million) in provisions to settle cases involving German clients 
with untaxed assets being pursued by authorities in North 
Rhine-Westfalia. Even so, the bank said it likely had higher 
profitability in the first half of 2017 than the year-ago 
period's 24.4 million Swiss francs ($25.14 million).  VPBN.S  
    * Goldbach Media  GBMN.S  extended its partnership with 3 
Plus.  GBMN.S  
    * Credit Suisse  CSGN.S  had its A/A-1 ratings for Credit 
Suisse and its BBB+ rating for Credit Suisse Group AG affirmed 
by S&P Global Ratings, which cited progress on restructuring and 
balance sheet strengthening. S&P said it believes that the Swiss 
bank's profitability will continue to underperform peers. 
 CSGN.S  
    * Novartis  NOVN.S  said its combination targeted therapy 
tafinlar + mekinist received U.S. Food and Drug Administration 
approval for BRAF V600E mutant metastatic non-small cell lung 
cancer (NSCLC).  NOVN.S  
    * Roche  ROG.S  said the FDA approved Rituxan Hycela 
(rituximab and hyaluronidase human) for subcutaneous injection 
in certain blood cancers, making a more convenient injection 
available to patients who previously underwent 90-minute 
infusions.  ROG.S  
    * Swiss Finance & Property Investment  SFPN.S  said it 
secured a development opportunity in the Basel region.  SFPN.S  
     
    ECONOMY  M-CH  
    * The Swiss National Bank (SNB) will keep its ultra-loose 
monetary policy in the near term, Board Member Andrea Maechler 
said on Thursday.  urn:newsml:reuters.com:*:nZ8N1IS007 
     
 
 
($1 = 0.8959 euros) 
 
($1 = 0.9706 Swiss francs) 
 
 (Reporting by Zurich newsroom) 
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