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LOHN - Looser Holding AG News Story

CHF117.1 0.0  0.0%

Last Trade - 22/06/17

Consumer Cyclicals
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £339.9m
Position in Universe th / 1053

Swiss stocks - Factors to watch on March 19

Wed 19th March, 2014 7:23am
ZURICH, March 19 (Reuters) - Swiss stocks were expected to idle on Wednesday ahead of a policy update from the U.S. Federal Reserve, whose ultra-easy monetary policy has been a key driver in a sharp equity rally over the past 1-1/2 years. The Swiss blue-chip SMI  .SSMI  was seen virtually unchanged at 8,243 points, according to premarket indications by bank Julius Baer  JBPRE01  The following are some of the main factors expected to affect Swiss stocks on Wednesday: SWISS BANKS A senior Justice Department official talked tough about tax dodging, particularly involving Americans' use of offshore bank accounts, while two U.S. senators separately called on the Justice Department to seek extraditions from Switzerland of bankers accused of aiding Americans in tax evasion. For more, click on  ID:nL2N0MF1B7  ROCHE  ROG.VX  Using Roche's  ROG.VX  medicine Tamiflu saved lives during the H1N1 swine flu pandemic four years ago, according to a new scientific study published on Wednesday. For more, click on  ROG.VX  Bravofly Rumbo Online travel agency Bravofly Rumbo Group said it will list its shares in Switzerland by mid-year, seeking to raise up to 110 million euros ($153.04 million) for a geographic expansion. For more, click on  ID:nL6N0MG0Y7  COMPANY STATEMENTS  CPR-CH  * Orascom  ODHN.S  said it expects to report a full-year net loss of between 145 million and 160 million Swiss francs ($165.84 million and $182.99 million), as political instability in Egypt hammers revenues and capitalization of financing costs, while other factors including the devalued Egyptian pound, provisions, impairments of investments and reassessment of the recoverability of deferred tax assets also weigh.  ODHN.S  * The government of Glarus said it has paved the way for Glarner Kantonalbank to list up to 3.5 million new shares after attempts to find a strategic partner were halted. The plan to list shares requires the approval of local parliament. GLARS.UL  * Autoneum  AUTON.S  said it wants to double its dividend to 1.30 francs per share after a 22 percent rise in full-year net profit to 36.2 million francs amid a 5.8 percent rise in sales, and that it expects a further increase in profits this year. AUTON.S  * Looser  LOHN.S  said full-year net profit shrank to 3.39 million francs from 22.7 million francs last year due to 16.1 million francs in impairments such as writing down goodwill, and said it will keep its dividend unchanged at 1.80 francs per share.  LOHN.S  * Santhera  SANN.S  said U.S. officials are allowing the company to protect the use of the oromucosal administration route for fipamezole, used to treat levodopa-induced dyskinesia in Parkinson's disease, by patent until 2027.  SANN.S  * SHL Telemedicine  SHLTN.S  said it will cooperate with Narayana Health Hospitals, an Indian hospital chain, which further broadens its portfolio of partnerships in India. SHLTN.S  * Crealogix  CLXN.S  said it is working with PHZ Privat- und Handelsbank Zürich AG to combine online and offline advisory services, in which the Swiss bank will act as a pilot client. CLXN.S  ECONOMY  M-CH  * Swiss ZEW due at 1000 GMT. Analysts in a Reuters poll expect it to fall to 25.0 points in March, from 28.7 points in February.  CHZEW=ECI   ((Zurich newsroom +41 58 306 7340, fax 41 44 251 0476,  zurich.newsroom@news.reuters.com))  ($1 = 0.8744 Swiss Francs)
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