August 9, 2019 / 4:56 AM / 3 months ago

Swiss stocks - Factors to watch on August 9

ZURICH/BERLIN, Aug 9 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2% lower at 9,733 points on Friday, according to premarket indications by bank Julius Baer .

Here are some of the main factors that may affect Swiss stocks:

UBS

The co-heads of UBS’s investment bank are working on a scheme to revamp their division which could result in hundreds of job cuts, Bloomberg reported.

COMPANY STATEMENTS

* Santhera Pharmaceuticals Holding AG: Christoph Rentsch has decided to step down as chief financial officer by end of this year; search for a successor initiated

* Investis Holding SA: Investis sells its subsidiary Regie du Rhone SA and concentrates its property management activity on the national brand Privera.

* Aluflexpack said that the electrical infrastructure at one of its sites affected by a fire in June was reinstalled and that all related costs were covered by its insurers.

* Conzzeta said net revenues fell 9.7% in H1, adding that results were strongly impacted by the divestment of its Glass Processing segment.

* Orell Fuessli Holding AG: net sales of CHF 115.2 million in the first half of 2019, decrease of 10% versus year ago; operating result (EBIT) increased to CHF 8.1 million in the first half of 2019 (previous year: CHF 3.2 million); H1 net profit without minority interest CHF 5.3 million versus loss of CHF 0.2 million year ago

RESEARCH

NESTLE SA: JEFFERIES RAISES PRICE TARGET TO CHF 121 FROM CHF 115

VIFOR PHARMA AG: CREDIT SUISSE RAISES TARGET PRICE TO SFR 167 FROM SFR 160

ECONOMY

July seasonally adjusted jobless rate flat at 2.3% (Reporting by Zurich newsroom and Berlin Speed Desk)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below