ZURICH/BERLIN, July 30 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent higher at 9,987 points on Tuesday, according to premarket indications by bank Julius Baer .
Here are some of the main factors that may affect Swiss stocks:
The embattled Swiss asset manager on Tuesday named BlackRock executive Peter Sanderson as chief executive as of Sept. 1, replacing interim CEO David Jacob, who will become chairman. The company also signaled a ceasefire in its fight with as sacked former manager, and Zuercher Kantonalbank is also buying GAM funds with assets under management of 1.8 billion francs. .
The shares were seen rising in premarket indicators
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Sandvik Chief Executive Officer Bjorn Rosengren has emerged as the front-runner for the top job at the engineering company, Bloomberg reported.
The bank has reached a provisional deal with Italian prosecutors to pay 3 million euros to settle a money-laundering investigation, two sources said, in a move to end one of its biggest legal headaches in Europe.
Additionally, UBS has hired a new deputy head of its chief investment office in the Americas, according to an internal memo.
* ABB said it won an order to modernize a major Kazakh oil refinery
* Lonza said it is partnering with Vineti on cell and gene therapy manufacturing
* SIG Combibloc left its full-year guidance unchanged and posted a first half profit of 25 million euros, from a 47.6 million euro loss in the period a year ago.
* Dufry said it had a 117 million franc net loss in the first half, as business in central and south America was impacted by currency devaluations and sales in Europe, the airport retailer’s largest region, also declined.
* Straumann Holding said it is partnering with Korea’s Yuhan Corp. to push dental implants
* LEM Holding said first-quarter net profit rose 2.8%.
* Cosmo Pharmaceuticals said its first-half revenues plunged to 21.5 million euros, from 36.7 million euros, as generic competition took its toll on sales. Its loss for the period nearly tripled to 21 million francs.
* Coltene said the producer of dental equipment and materials increased its sales by 58.2% in the first half of 2019 and that its “demanding integration” of two 2018 acquisitions is proceeding as planned.
* Bucher Industries reported a group profit of 122 million Swiss francs for the first half of the year.
* Meyer Burger Technology AG said it was informed by Sentis Capital PCC, the investment vehicle of Russian billionaire Petr Kondrashev, that several shareholders with participation of Sentis have formed a group under terms of a shareholders’ agreement to coordinate their interests. The shareholder group holds 10.425% of voting rights through shares and derivatives.
* Kardex said net profit rose 18.8% to 20.2 million euro in the first half of the year.
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Swiss July KOF indicator due at 0700 GMT. Seen at 93.0 points. (Reporting by Zurich newsroom and Berlin Speed Desk)