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News: EQT Swiss stocks - Factors to watch on May 19

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    ZURICH, May 19 (Reuters) - The following are some of the main factors expected to affect Swiss stocks on Thursday.

    JULIUS BAER BAER.S Swiss private bank Julius Baer said on Thursday its assets under management rose 2 percent to 305 billion Swiss francs ($308.7 billion) in the first four months of the year.

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    ROCHE ROG.S

    Roche Holding won earlier-than-expected U.S. approval on Wednesday for its bladder cancer drug Tecentriq, the company's first entry in a new class of cancer drugs that work by harnessing the body's own immune system.

    The company said a phase III study of its drug Alecensa (alectinib) showed the drug had reduced risk of disease worsening or death by 66 percent compared to crizotinib in Japanese people with advanced or recurrent, ALK-positive non-small cell lung cancer.

    The drugmaker also announced additional Swiss approval for its cancer drug GAZYVARO (obinutuzumab) to treat patients with previously treated follicular lymphoma. It was already approved in 2014 to treat chronic lymphocytic leukaemia in combination with chemotherapy in patients with other medical conditions.

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    COMPANY STATEMENTS

    • Kuoni Reisen KUNN.S said EQT's public tender for the Swiss travel group made on February 29 would be settled on Thursday.
    • gategroup GATE.S saw earnings before interest, tax, depreciation and amortisation more than double year-on-year to 22 million Swiss francs in the first quarter, helping it reduce its loss attributable to shareholders.
    • Orascom Development Holding ODHN.S saw revenues fall 18 percent in the first quarter as a strategic decision to reduce land sales compounded with negative currency effects.
    • Kudelski KUD.S said it had settled pending patent litigation with Yahoo YHOO.O , with both parties agreeing to dismiss pending lawsuits in exchange for a one-time up-front license fee payment made to Kudelski by Yahoo.
    • Evolva EVE.S said Angela Tsetsis would join the company's commercial team as Senior VP, Ingredient Solutions, Health & Wellness.
    • Swiss Prime Site SPSN.S said first-quarter profit decreased by 2.4 percent year on year to 48.8 million Swiss francs and that it expects 2016 rental income and total operating income above the previous year's level.

      ECONOMY pre ((For Top News in a multimedia Web format on Eikon visit: http//emea1.views.cp.extranet.thomsonreuters.biz/Explorer/NEWSxTOPNEWS.aspx?group=SP_GROUP_001&page=SP_PAGE_001&pageName=FrontPage FOR RELATED PRICES, NEWS AND OTHER TOPICS, DOUBLE-CLICK ON: Daily Swiss stock market report in German................ All SMI constituent stocks............................ 0#.SSMI News on major Swiss stock price moves.................. FTSE Eurotop 300 index................................ .FTEU3 DJ STOXX index........................................ .STOXX Top 10 STOXX sectors............................. .PGL.STOXXS Top 10 EUROSTOXX sectors........................ .PGL.STOXXES Top 10 Eurotop 300 sectors....................... .PGL.FTEU3S Top 25 European pct gainers... .PG.PEUR , losers... .PL.PEUR Swiss mid-cap index .SSMI SMI futures 0#SMI: Swiss all-share index .SSHI Market statistics CH/STATS1 Swiss market digest .AD.S Sector overview CH/SECTOR1 All Swiss news Swiss research news All equity news INTERNET ADDRESSES: Swiss Exchange www.swx.ch/ Eurex www.eurexchange.com STOXX Ltd www.stoxx.com SPEED GUIDES: VX/EQUITY EQUITY EQUITY/NEWS1 EUR/EQUITY

      SWITZERLAND REUTERS ))

 
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