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 said 2010 profit increased 1.7 percent compared with the prior year to 72.6 million francs ($78.4 million). The shares rose 1.1 percent to 66.85 Swiss francs.
Bellevue Group AG (BBN SW): The Kuesnacht, Switzerland- based securities company reported a profit of 1.5 million francs for 2010. The shares increased 0.6 percent to 36.50 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 Geocent Chief Executive Officer Heinz Winzenried. Feintool shares added 0.1 percent to 350.50 francs.
Meyer Burger Technology AG (MBTN SW): The maker of industrial cutting equipment said full-year sales reached 826 million francs, as profitability at the earnings before interest, tax, depreciation and amortization margin level advanced above 20 percent. The shares climbed 1.2 percent to 30.55 francs.
Novartis AG (NOVN VX): The drugmaker said it holds a 79.81 percent stake in Genoptix Inc. and extended its bid for the company until midnight on March 4.
Separately, Novartis said it scheduled an April 8 shareholders’ meeting to vote on the acquisition of Alcon Inc. and a proposed capital increase. The shares gained 0.2 percent to 51.25 francs.
UBS AG (UBSN VX): Switzerland’s biggest bank said Alexander S. Friedman will become Chief Investment Officer at its wealth management unit. The shares advanced 1.3 percent to 18.37 francs.
To contact the reporter on this story: Giles Broom in Zurich at email@example.com
To contact the editor responsible for this story: David Merritt at firstname.lastname@example.org