Bank Coop, Calida, Credit Suisse, Feintool: Swiss Stock Preview
The following companies’ shares may be active in Zurich. Stock symbols are in parentheses after company names. Share prices are from the last close.
The Swiss Market Index of the biggest and most actively traded companies climbed 0.3 percent to 6,537.2 in Zurich. The broader Swiss Performance Index rose 0.4 percent, to 5,889.33.
Bank Coop AG (BC SW): The Basel-based bank reports full- year results. The shares rose 1.1 percent to 66.85 Swiss francs.
Calida Holding AG (CALN SW): The Swiss maker of ski underwear and French lingerie will raise its prices between 10 percent and 15 percent next year because of a surge in the cost of cotton, Le Matin Dimanche said, citing an interview with Chief Executive Officer Felix Sulzberger. The shares rallied 2.7 percent to 595.50 francs.
Credit Suisse Group AG (CSGN VX): The country’s second- biggest bank is in talks with the U.S. Department of Justice and Internal Revenue Service, SonntagsZeitung said. “We are cooperating with the authorities and stress that the bank is not facing charges and is not the target of any investigation,” Andres Luther, a spokesman for Credit Suisse, told the newspaper. The shares increased 0.4 percent to 42.94 francs.
Feintool International Holding AG (FTON SW): Geocent AG will not sell its 9 percent holding in Feintool, the supplier of metal cutting equipment, to Michael Pieper, at a price of 350 francs per share, NZZ am Sonntag said, citing Geocet Chief Executive Officer Heinz Winzenried. Feintool shares added 0.1 percent to 350.50 francs.
To contact the reporter on this story: Giles Broom in Zurich at firstname.lastname@example.org