Swiss stocks - Factors to watch on Jan 19

Liechtensteinische Landesbank Aktiengesellschaft

19/01/2017 06:28

ZURICH, Jan 19 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Thursday: 
 
    UBS  UBSG.S  
    Chairman Axel Weber has said that around 1,000 of the Swiss 
bank's 5,000 employees based in London could be impacted by 
Britain's exit from the European Union.  urn:newsml:reuters.com:*:nL5N1F81JN 
    For more click on  UBSG.S  
     
    CREDIT SUISSE  CSGN.S  
    Credit Suisse formally agreed to pay $5.3 billion to settle 
with U.S. authorities over claims it misled investors in 
residential mortgage-backed securities it sold in the run-up to 
the 2008 financial crisis. As part of the settlement, announced 
by the U.S. Department of Justice on Wednesday, the Zurich-based 
bank acknowledged that home loans it pooled into the securities 
did not meet underwriting guidelines, with some described by 
employees as "complete crap" and " u tter complete garbage." 
 urn:newsml:reuters.com:*:nL1N1F81EU 
    For more click on  CSGN.S  
     
    COMPANY STATEMENTS  CPR-CH  
    * Galenica  GALN.S  said preparations for the division of 
the group planned for 2017 are on track and that Jörg 
Kneubuehler, current CEO of Galenica Santé, has been designated 
future chairman of the Board of Directors of Galenica Santé, and 
Jean-Claude Clémençon, current head retail business sector, as 
its future CEO. The changes will come into effect following the 
planned IPO of Galenica Santé. It also said consolidated net 
sales rose 8.6 percent in 2016 to 4.118 billion Swiss francs 
($4.09 billion) while confirming the profit and EBIT forecasts 
for 2016 communicated in October.  GALN.S  
    * Liechtensteinische Landesbank  LLB.S  said it expects a 
net profit of about 104 million Swiss francs for 2016.  LLB.S  
    * Looser Holding  LOHN.S  said full-year net revenues were 
434.3 million Swiss francs, 0.5 percent below the prior year 
level, adding that it continues to expect earnings growth and an 
increase in EBITDA margin for the full financial year 2016. 
 LOHN.S  
    * Arbonia  ARBNO.S  posted net revenue of 995.3 million 
Swiss francs for the full year, an increase of 5.7 percent in 
comparison to the previous year.  ARBNO.S  
    * Investis Holding  IREN.S  on Wednesday said it 
successfully issued a 140 million Swiss francs fixed-rate bond 
with a coupon of 0.25 percent and a tenor of two years in 
market.  IREN.S  
    * WISeKey International Holding  WIHN.S  said it would 
partner with Stratumn to provide enterprise grade process 
security software based on blockchain technologies.  WIHN.S  
     
    ECONOMY  M-CH  
    Swiss producer and import prices  CHPPIY=ECI  for December 
to be released at 0815 GMT. 
 
($1 = 1.0072 Swiss francs) 
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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Keywords: MARKETS SWISS STOCKS/