Swiss stocks - Factors to watch on April 18

Liechtensteinische Landesbank Aktiengesellschaft

18/04/2017 05:44

ZURICH, April 18 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Tuesday: 
     
    CREDIT SUISSE  CSGN.S  
    Credit Suisse said on Friday it cut its bonuses for top 
management by 40 percent after shareholder criticism of its 
plans to make a 78 million Swiss franc ($78 million) payout in 
spite of heavy losses.  urn:newsml:reuters.com:*:nL1N1HL1X8 
    Chairman Urs Rohner said shareholders had responded 
positively to the bank's decision to cut its bonuses for top 
management by 40 percent in an interview with NZZ am Sonntag. 
Rohner also said the bank will give an update on its capital 
strategy at the upcoming AGM.  urn:newsml:reuters.com:*:nL8N1HO05X 
    For more, click on  CSGN.S      
     
    ROCHE  ROG.S  
    Roche's emicizumab drug for treating haemophilia A showed 
positive interim results in a phase III study with children with 
inhibitors to factor VIII, the Swiss drugmaker said on Monday. 
 urn:newsml:reuters.com:*:nL8N1HP0HW 
    Genentech, a unit of Swiss drugmaker Roche, said on Monday 
it got approval from the U.S. Food and Drug Administration for 
its already approved immunotherapy drug, Tecentriq, to treat 
advanced bladder cancer.  urn:newsml:reuters.com:*:nL3N1HP57R 
    For more, click on  ROG.S  
     
    SIKA  SIK.S  
    The founding family of Swiss construction chemicals maker 
Sika, the Burkards, will keep its stake in the company if courts 
banned it from selling to French group Saint-Gobain  SGOB.PA , 
Swiss newspaper SonntagsZeitung reported on Sunday.  urn:newsml:reuters.com:*:nL8N1HO06Y 
    For more news, click on  SIK.S  
     
    LIFEWATCH  LIFE.S  
    The Swiss Takeover Board extended the deadline for 
U.S.-based provider of cardiac monitoring services BioTelemetry 
 BEAT.O  to publish the prospectus of its takeover offer for its 
Swiss rival, until April 25. For the ruling in German, click on 
[http://www.takeover.ch/transactions/document/id/3047 
] 
    For more news, click on  LIFE.S  
       
    COMPANY STATEMENTS  CPR-CH  
    * GAM Holding  GAMH.S  said Silchester International 
Investors, which controls 19 percent of GAM's voting rights, 
informed the company on Thursday that it intends to vote in 
favour of the GAM board's recommendations for agenda items in 
respect to board composition at the April 27 AGM.  GAMH.S  
    * Liechtensteinische Landesbank  LLB.S  said it will pay 
16.7 million euros ($17.75 million) in connection with untaxed 
assets of German clients. The payment is fully covered by 
provisions for legal and litigation risks and will have no 
negative financial impact on 2017 business year, the bank said. 
 LLB.S  
 
    ECONOMY  M-CH  
    * U.S. President Donald Trump's administration declined to 
name any major trading partner as a currency manipulator in a 
highly anticipated report on Friday, with no countries 
determined to have met all three of the necessary criteria, 
although Switzerland, Japan, South Korea, Taiwan and Germany all 
met two of them.  urn:newsml:reuters.com:*:nL1N1HM0QA 
    ($1 = 0.9411 euros) 
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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Keywords: MARKETS SWISS STOCKS/