Swiss stocks - Factors to watch on Nov. 30

Zug Estates Holding AG

30/11/2016 06:38

ZURICH, Nov 30 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Wednesday. 
     
    ACTELION  ATLN.S  
    U.S. healthcare company Johnson & Johnson  JNJ.N  has raised 
its offer for Actelion, a source told Reuters on Tuesday, 
stepping up pressure on the Swiss biotech firm to accept a 
takeover deal.  urn:newsml:reuters.com:*:nL8N1DU54C 
     
    ZUERCHER KANTONALBANK  ZKB.UL  
    Switzerland's largest cantonal bank on Wednesday said it 
would be closing a total of 14 sites--8 of its own retail 
locations and 6 operated by partners--over the next two years 
due to a decline in over-the-counter business. Over-the-counter 
transactions had declined nearly 40 percent over the past five 
years, ZKB said, with around 90 percent of cash transactions 
currently occurring via ATMs. Affected employees would all 
receive other internal offers. 
     
    OERLIKON  OERL.S  and SCHMOLZ & BICKENBACH  STLN.S  
    Hans Ziegler will be resigning with immediate effect from 
the board of directors of both Oerlikon and Schmolz & 
Bickenbach, both companies said, due to ongoing investigations 
related to his person. Both companies are controlled by 
billionaire Viktor Vekselberg's investment vehicle Renova. 
 OERL.S   STLN.S  
     
    COMPANY STATEMENTS  CPR-CH  
    * Oerlikon  OERL.S  has acquired citim, a company 
specialising in 3-D printed metal parts, for an undisclosed 
price. Citim generated 12 million francs in sales in 2015, 
Oerlikon said, and profitability in line with Oerlikon's surface 
solutions business.  OERL.S  
    * Eastern Property Holding  EPH.S  saw rental income rise to 
$53.68 million in the first nine months of 2016 compared to 
$52.81 million through September 2015.  EPH.S  
    * A municipal assembly agreed to Zug Estate Holding's 
 ZUGN.S  modified development plans for its Langweid/Suurstoffi 
West site. A governing council must now still approve the plans, 
with authorisation expected in the first half of 2017.  ZUGN.S  
     
    ECONOMY  M-CH  
    UBS consumption indicator due at 0700 GMT  CHUBSC=ECI  
    Economic think-tank KOF due to release leading growth 
indicator at 0800 GMT  CHKOFL=ECI  
     
 
 (Reporting by Zurich newsroom) 
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