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Swiss stocks - Factors to watch on Sept 7
September 7, 2017 / 4:56 AM / 13 days ago

Swiss stocks - Factors to watch on Sept 7

ZURICH, Sept 7 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1 percent higher at 8,871 points on Thursday, according to premarket indications by bank Julius Baer .

The following are some of the main factors expected to affect Swiss stocks:

ABB

The engineering company plans to expand its U.S. industrial robot factory in Michigan, the company’s chief executive officer told Reuters on Wednesday, while declining to comment on reports that he is weighing the purchase of a unit of rival General Electric Co

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BARRY CALLEBAUT

The Swiss chocolate maker said it has acquired the ingredients division of family-owned U.S. company Gertrude Hawk Chocolates for an undisclosed sum, a move to strengthen its high-margin gourmet and specialties business.

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COMPANY STATEMENTS

* Jungfraubahn reported H1 ‍operating income up 17.1 percent year on year to 92.2 million Swiss francs ($96.38 million). ​

* Aryzta said it has appointed Frederic Pflanz as Chief Financial Officer. The dual French-German national joins from Maxingvest Group, where he is an executive board member.

* Swiss Estates said it has expanded its property portfolio to 250 million Swiss francs with the acquisition of five new properties.

* Mobimo Holding said it is changing its organisational structure from Jan. 1, 2018, when head of development Andreas Haemmerli will step down from the executive board and Vinzenz Manser and Marco Tondel will join the panel.

* AMS said it has decided to exclude subscription rights in view of a potential private placement of senior unsecured convertible bonds.

* Myriad Group said it has received notification from its major shareholders, Martin and Rosmarie Ebner, that their beneficial holding in the company has increased to 61.38 percent.

* Landis&Gyr Group said it has signed an agreement with TEPCO to explore Internet of Things projects

* Zwahlen et Mayr announced the appointment of Guido Bigoni as its new Chief Financial Officer.

ECONOMY

$1 = 0.9566 Swiss francs Reporting by Zurich newsroom

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