GAM, Kuehne + Nagel, Swatch, UBS, Zurich: Swiss Equity Preview

The following is a list of companies whose shares may have unusual price changes 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 rose 1.1 percent to 6,610.44 in Zurich. The broader Swiss Performance Index also gained 1.1 percent to 5,952.3.

GAM Holding Ltd. (GAM SW): The money manager that split from Julius Baer Group Ltd.’s private bank in 2009 may buy back as much as 20 percent of its stock over the next three years. Client assets under management slipped to 117.8 billion Swiss francs ($126.5 billion) at the end of December, compared with 118.7 billion francs three months earlier, the company said. The shares surged 4 percent to 16.80 francs.

George Fischer AG (FI/N SW): The machinery maker reported full-year net income of 108 million francs versus a loss of 238 million francs last year. The shares rallied 3.1 percent to 523 francs.

Kuehne + Nagel International AG (KNIN VX): The world’s largest sea-freight forwarder said full-year net income gained 29 percent to 601 million francs. The shares gained 1.6 percent to 124.90 francs.

Kuoni Reisen AG (KUNN SW): The Swiss travel company bought Stockholm-based Lime Travel AB, a long-haul tour operator with a turnover of about 9.3 million francs in 2010. Shares in Kuoni dropped 0.5 percent to 413 francs.

Nestle SA (NESN VX): Nestle Japan Ltd., part of the world’s largest food company, may increase coffee prices later this year after raising them by an average of 11 percent today. The shares advanced 0.7 percent to 52.60 francs.

Sika AG (SIK SW): The largest maker of chemicals for the construction industry said net income rose to 310.9 million francs in 2010 from 225.7 million francs a year earlier. The shares lost 0.9 percent to 1,990 francs.

Swatch Group AG (UHR VX): The world’s largest watchmaker is aiming for gross revenue in 2011 to exceed 7 billion francs, Le Temps said, citing Chief Executive Officer Nick Hayek. The shares increased 0.8 percent to 395.50 francs.

Syngenta AG (SYNN VX): The world’s largest maker of agricultural chemicals said it will sell its materials protection business that had sales of around $25 million last year to Lanxess AG. Shares in Syngenta climbed 2.6 percent to 311.40 francs.

UBS AG (UBSN VX): Switzerland’s biggest bank appointed four executives as co-heads of its securities business and said fixed-income co-chief Dimitrios Psyllidis is leaving.

UBS named Yassine Bouhara, Francois Gouws, Roberto Hoornweg and Rajeev Misra to jointly run the division that handles sales and trading of equities, fixed-income, currencies and commodities. The shares added 0.4 percent to 18.45 francs.

Zurich Financial Services AG (ZURN VX): Switzerland’s biggest insurer sold a 5 percent stake in New China Life Insurance Co. to undisclosed buyers. The shares climbed 1 percent to 269.70 francs.

To contact the reporter on this story: Giles Broom in Zurich at gbroom@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.