Swiss stocks - Factors to watch on May 18

SFS AG

18/05/2018 05:56

ZURICH, May 18 (Reuters) - Here are some of the main factors
that may affect Swiss stocks on Friday:
    
    RICHEMONT  CFR.S 
    Swiss luxury goods group Richemont publishes results for its
full year 2017/2018 to March. Markets expect solid constant
currency growth, driven by strong jewellery sales and a recovery
in watch demand. Focus on outlook, changes to digital strategy
after surprise departure of CTO and size of inventory buybacks
in Q4.
    
    DRUGS
    The U.S. Food and Drug Administration on Thursday listed a
number of drugmakers, including Novartis  NOVN.S , it said could
be improperly blocking access to their medicines in order to
delay generic competition.  urn:newsml:reuters.com:*:nL3N1SO4Q2
    
    Amgen Inc  AMGN.O  won U.S. Food and Drug Administration
approval on Thursday for the first drug in a new class designed
to prevent migraine headaches in adults. Amgen will market the
drug, Aimovig, in partnership with Novartis.  urn:newsml:reuters.com:*:nL2N1SP034
    
    UBS  UBSG.S 
    Switzerland's biggest bank is looking to double its
headcount in India to 3,000 people by the end of the year, its
CFO told India's Economic Times, as it moves more of its
back-office capabilities in-house.  urn:newsml:reuters.com:*:nL3N1SP1MD 
    
    COMPANY STATEMENTS  CPR-CH 
    * HBM Healthcare  HBMN.S  reported a 115.9 million franc
profit for the 2017/18 financial year and proposed a 20 percent
dividend hike to 7 francs.  HBMN.S 
    
    ECONOMY  M-CH 

 (Reporting by Zurich newsroom)
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