Swiss stocks - Factors to watch on Feb 29

Liechtensteinische Landesbank Aktiengesellschaft

29/02/2016 06:41

ZURICH, Feb 29 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Monday: 
     
    SWISS NATIONAL BANK 
    The Swiss National Bank could change the level at which 
deposits with the central bank are exempt from negative interest 
rates, Chairman Thomas Jordan told Bloomberg on Saturday. 
    For more click  urn:newsml:reuters.com:*:nL8N1660QE 
     
    SWISS POLITICS 
    Swiss voters rejected a right-wing proposal to deport 
foreign law-breakers in a referendum on Sunday, handing a defeat 
to the country's dominant anti-immigration Swiss People's Party 
(SVP). 
    For more click  urn:newsml:reuters.com:*:nL8N1670BQ 
     
    CREDIT SUISSE  CSGN.VX  
    Regional chief executive for Russia, Steven Hellman, left 
the bank this month, a spokesman said on Sunday, confirming a 
report in Swiss newspaper NZZ am Sonntag.  urn:newsml:reuters.com:*:nL8N16707Z 
    Credit Suisse has also set aside about 250 million Swiss 
francs ($251 million) for potential legal costs related to a 
criminal investigation of one of the bank's former client 
advisers, weekly newspaper NZZ am Sonntag reported.  urn:newsml:reuters.com:*:nL8N167095 
    For more click  CSGN.VX  
     
    ROCHE  ROG.VX  
    The drugmaker said one of two identical phase III studies of 
lebrikizumab in people with severe asthma met its primary 
endpoint and showed it "significantly reduced" exacerbations in 
people with the respiratory condition. However, the second study 
did not meet this primary endpoint.  urn:newsml:reuters.com:*:nFWN16600F 
    Roche also said the FDA approved its Gazyva (obinutuzumab) 
for certain people with previously treated follicular lymphoma. 
 urn:newsml:reuters.com:*:nFWN16600P 
    For more click  ROG.VX  
     
    COMPANY STATEMENTS  CPR-CH  
    * Credit Suisse Group  CSGN.VX  has started selling $1.9 
billion of distressed-debt holdings as part of an overhaul by 
Chief Executive Tidjane Thiam, Bloomberg reported on Friday, 
citing people with knowledge of the matter.  CSGN.VX  
    * EFG International  EFGN.S  said it will hold an analyst 
and investor call on Tuesday, March 22 to update the market on 
the preparation of the integration plan, provide more details on 
the expected synergies and present the team that will be 
responsible for the preparation of the integration of EFG and 
BSI.  EFGN.S  
    * Liechtensteinische Landesbank  LLB.S  said it expects to 
attain a net profit in 2015 of around 86 million francs, up from 
72.1 million francs the year before.  LLB.S  
    * Bellevue Group  BBN.S  said it achieved an operating 
profit of 24.6 million francs in 2015, up 85 percent on the 
previous year.  BBN.S  
    * Basilea  BSLN.S  posted a net loss for 2015 of 61.6 
million Swiss francs compared to a loss of 41.5 million francs 
in 2014. The loss reflected an investment in the launch of its 
two hospital anti-infective drugs, Zevtera and Cresemba, Basilea 
said.  BSLN.S  
    * Kuoni Group  KUNN.S  posted full-year turnover of 3.349 
million Swiss francs, down 0.7 percent on 2014.  KUNN.S  
    * gategroup  GATE.S  said it had received from RBR Capital 
Advisors and Camox Master Fund, two hedge funds that together 
hold an 11.3 percent stake in gategroup, the request for agenda 
items for the upcoming annual general meeting. RBR proposed the 
election of Gerard von Kesteren, Nils Engel and Rudolph Bohli as 
members of the Board of Directors and filed a motion against the 
re-election of Andreas Schmid, Anthonie Stal and Remo 
Brunschwiler. The company also said it had reached agreement 
with American Airlines for extension of important catering and 
provisioning business.  GATE.S  
    * Panalpina  PWTN.S  said 2015 full-year consolidated net 
profit was 88.2 million francs, up from 86.5 million francs in 
2014. It also nominated Chief Executive Peter Ulber as new 
chairman and Stefan Karlen to succeed him as new CEO during the 
latter part of the year.  PWTN.S     
    * Komax  KOMN.S  said it had received a request from 
shareholder Veraison that Andreas Herzog and Gerard van Kesteren 
should be elected as new members of the board of directors and 
remuneration committee.  KOMN.S  
    * Dorma Kaba Holding  DOKA.S  posted full-year net sales of 
2.249 billion Swiss francs and net profit of 186.7 million 
francs. 
     
    ECONOMY  M-CH  
    * Swiss sight deposits due at around 0800 GMT. 
    * Swiss leading indicator KOF for February due at 0800 GMT 
 CHKOFL=ECI . 
 
($1 = 0.9955 Swiss francs) 
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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Keywords: MARKETS SWISS STOCKS/