February 1, 2013 / 5:46 AM / in 5 years

Swiss stocks - Factors to watch on Feb 1

ZURICH, Feb 1 (Reuters) - The following are some of the main factors expected to affect Swiss stocks on Friday:


Britain’s healthcare cost watchdog NICE said on Friday it had issued draft guidance not recommending Roche’s Avastin for ovarian cancer. The agency has already rejected Avastin in other tumour types.

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UBS is cutting 20 positions at the equities division of its Canadian investment bank as part of the Swiss lender’s cost-cutting efforts.

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Credit Suisse Group Inc lost its bid to be tried separately from convicted National Century Financial Enterprises Inc co-founder Lance Poulsen in an upcoming $2 billion civil trial over fraud at the healthcare financier a decade ago.

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Novartis AG said on Thursday it is recalling 183 lots of cough syrup after discovering the child-resistant feature on some bottle caps was not functioning correctly.

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* Julius Baer announces principal closing of its acquisition of Merrill Lynch’s International Wealth Management business.

* Autoneum recorded an increase of 13.4 percent in net sales for 2012 to 1.91 billion Sfr.

* Cosmo Pharmaceuticals ) said a Dutch Appeals Committee has approved Cortiment, indicated for the induction of remission in patients with a form of colitis, for marketing in the Netherlands following a review.

* Gurit said net sales rose 1.8 percent to 351 million Swiss francs in 2012, which is slightly below its last annual guidance of around 355 million francs.


* The Swiss purchasing managers’ index for January due at 0800 GMT.

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