Swiss stocks - Factors to watch on Feb 1

Schaffner Holding AG

01/02/2016 05:28

ZURICH, Feb 1 (Reuters) - The following are some of the main 
factors expected to affect Swiss stocks on Monday: 
     
    JULIUS BAER BAER.VX   
    The Swiss bank will report results for 2015 at 0600 GMT. 
    For more, click on  BAER.VX  
     
    CREDIT SUISSE  CSGN.VX  
    Barclays  BARC.L  and Credit Suisse have settled federal and 
state charges that they misled investors in their dark pools, 
with Barclays admitting it broke the law and agreeing to pay $70 
million, federal and New York state officials said. The amount 
to be paid, in fines and disgorgement, is a combined total of 
$154.3 million.  urn:newsml:reuters.com:*:nL2N15F0CU 
    The fourth-quarter goodwill impairment at the Swiss lender's 
investment bank will be roughly 4 billion Swiss francs, 
according to SonntagsZeitung, which also said the company would 
have additional legal provisions of more than half a billion 
francs.  urn:newsml:reuters.com:*:nL8N15F06E 
    For more, click on  CSGN.VX  
     
    BANKS 
    Switzerland's chief prosecutor said on Friday a criminal 
investigation into state fund 1Malaysia Development Berhad 
(1MDB) had revealed that about $4 billion appeared to have been 
misappropriated from Malaysian state companies.  urn:newsml:reuters.com:*:nL2N15D2XI     
     
    SIKA  SIK.VX   
    France's Saint Gobain  SGOB.PA  is still confident it will 
be able to take over Swiss rival Sika despite fierce opposition 
from management and many shareholders, its outgoing financial 
head told Reuters on Friday. 
    For more, click on  SIK.VX  
     
    SWATCH GROUP  UHR.VX  
    The watchmaker's chief executive, Nick Hayek, expects its 
battery-making unit Belenos to have a turnover of $10-15 billion 
by 2020 and thinks an initial public offering is possible within 
the next year, he was quoted by Neue Zuercher Zeitung as saying. 
    http://www.nzz.ch/nzzas/nzz-am-sonntag/schweizer-innovation-superbatterie-soll-milliarden-einbringen-ld.4718 
    For more, click on  UHR.VX  
     
    LAFARGEHOLCIM  LHN.VX  
    The cement giant's chairman, Wolfgang Reitzle, is aiming to 
leave his post and replace the head of Linde's  LING.DE  
supervisory board, Manfred Schneider, SonntagsZeitung reported. 
http://www.sonntagszeitung.ch/read/sz_31_01_2016/wirtschaft/Praesident-von-LafargeHolcim-vor-Absprung-55087 
     
    For more, click on  LHN.VX  
         
    NOVARTIS  NOVN.VX  
    The drugmaker has no plans for a further share buyback, 
SonntagsZeitung quoted a spokesman as saying. 
    http://www.sonntagszeitung.ch/read/sz_31_01_2016/wirtschaft/Novartis-zehrt-von-der-Substanz-54900 
    For more, click on  NOVN.VX  
     
       
    COMPANY STATEMENTS  CPR-CH  
    * Gurit  GUR.S  said full-year sales grew 7 percent to 359.4 
million Swiss francs.  GUR.S  
    * LifeWatch  LIFE.S  said 2015 revenue grew by 8.2 percent, 
slightly below guidance, as a result of lower than expected 
device sales from the Far East and delays of FDA regulatory 
clearances for its patch products.  LIFE.S  
    * Schaffner  SAHN.S  said that the bankruptcy estate of 
Sputnik Engineering had filed a lawsuit against it in connection 
with alleged product deficiencies for 2.9 million francs and 
that it contests the claim. 
      
    ECONOMY  M-CH  
    * Swiss PMI due at 0830 GMT  CHPMI=ECI  
     
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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Keywords: MARKETS SWISS STOCKS/