July 3, 2018 / 4:58 AM / 3 months ago

Swiss stocks - Factors to watch on July 3

ZURICH, July 3 (Reuters) - The Swiss blue-chip SMI was seen opening 0.3 percent higher at 8,553 points on Tuesday, according to premarket indications by bank Julius Baer .

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

GATEGROUP/HNA

Gategroup said Singapore state investor Temasek and RRJ Capital have joined its owner HNA Group as investors in the Swiss-based airline caterer.

For more news, click on

ROCHE

The drug maker said it has commenced a cash offer for all the outstanding shares in Foundation Medicine at a price of US$ 137.00 per share.

For more news, click on

COMPANY STATEMENTS

* Novartis’s rating has been downgraded by Moody’s to A1 with a stable outlook.

* Vontobel said it has completed the acquisition of Notenstein La Roche Privatbank, a deal which was announced in May.

* Emmi said it has increased its stake in Dutch goat and sheep’s milk product trader AVH to 90 percent from 75 percent previously.

* Burkhalter Group aid it will buy electrical engineering company Fliri & Conrad Electro, based in the Swiss canton of Grisons.

* Novartis’s Sandoz business will pay Adamis Pharmaceuticals 50 percent of the net profit from net sales of Symjepi, following a deal between the two companies, Adamis said.

* Implenia said it has sold a development in Zurich Altstetten to Swiss Prime Site.

* Baloise said it has launched a cyber insurance product for small business clients.

Reporting by Zurich newsroom

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