Swiss stocks - Factors to watch on March 12

  • Reuters
  • Stock Market News
Swiss stocks - Factors to watch on March 12
Credit: © Reuters.

ZURICH/BERLIN, March 12 (Reuters) - The Swiss blue-chip SMI .SSMI was seen opening 0.1% lower at 10.870 points on Friday, according to premarket indications by bank Julius Baer JBPRE01 .

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

LONZA LONN.S

Lonza will commission a dedicated suite at its Houston viral vectors factory for clinical and commercial supply of U.S.-based Altimmune's ALT.O COVID-19 vaccine candidate, the Swiss contract drug manufacturer said on Friday. Co, the oldest private bank in Zurich, will pay $22 million to settle criminal charges it helped U.S. taxpayers defraud the Internal Revenue Service by hiding hundreds of millions of dollars in offshore bank accounts. first Swiss special purpose acquisition vehicle (SPAC) could list on the Swiss stock exchange during the second quarter if it gets the green light from the company which runs the exchange, a source told Reuters on Thursday. INSURANCE GROUP ZURN.S

Annual report due.

COMPANY STATEMENTS

* Clariant CLN.S said it has struck a strategic partnership with India Glycols (NS: IGLY ) Limited to establish a 51-49% joint venture in renewable ethylene oxide derivatives. CLN.S

* Kudelski KUD.S said U.S.-based Eventive chose Nagra's forensic watermarking to protect films on its virtual screening platform. KUD.S

* Bachem Holding BANB.S said operating profit (EBIT) increased by 55.0% to 96.7 million Sfr in 2020. WISeKey WIHN.S announced acquiring a minority interest in FOSSA Systems, a Spain-based aerospace company. Mobilezone Holding MOZN.S reported full-year EBIT of 44 million Sfr, above guidance.

* U-Blox UBXN.S reported adjusted annual net profit of 2.9 million Swiss francs, down from 32 million francs a year earlier. Flughafen Zuerich FHZN.S waived its dividend after reporting a consolidated loss of 69.1 million francs for 2020. Relief Therapeutics RLFB.S announces a 10 million franc private placement of shares. Compagnie Financiere Tradition CFT.S reported its FY net profit up at 70.9 mln Sfr major economic data scheduled.

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