🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Swiss stocks - Factors to watch on Nov 13

Published 13/11/2015, 04:44 pm
© Reuters.  Swiss stocks - Factors to watch on Nov 13
ADEN
-
ROG
-
SYENF
-
BLK
-
DCN
-
ZUGER
-

ZURICH, Nov 13 (Reuters) - The following are some of the main factors expected to affect Swiss stocks on Friday.

SYNGENTA SYNN.VX

China National Chemical Corp is in talks to buy Syngenta but its initial offer of nearly $42 billion for the world's largest agrichemical company was rejected, Bloomberg reoported, citing unidentified sources.

State-owned ChemChina's first offer valued the agricultural chemicals group at 449 Swiss francs per share, or 41.7 billion Swiss francs ($41.72 billion). It said the rejection stemmed from regulatory concerns.

ROCHE ROG.VX

The Swiss drugmaker will take a 1.6 billion Swiss franc charge to end manufacturing at four sites in Europe and the United States in a move that will result in up to 1,200 job losses as it addresses "current underutilisation" stemming from a changing portfolio of medications.

COMPANY STATEMENTS

* Adecco ADEN.VX says asset management firm Blackrock (N:BLK) has reported a stake of more than 5 percent in the biggest staffing company.

* Datacolor DCN.S proposed a dividend of 11 francs per share while reporting 2014/15 Sales of $66.8 million, EBIT of $4.4 million and net income of $3.2 million.

* Zuger Kantonalbank ZG.S said it would pay $3.8 million to settle U.S. allegations it helped Americans dodge taxes. It said the payment was covered by reserves it had created in 2013.

ECONOMY

Producer/import price data for October due at 0815 GMT

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.