Swiss stocks - Factors to watch on Sept 19

Talenthouse AG

19/09/2016 05:41

ZURICH, Sept 19 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Monday: 
     
    ABB  ABBN.S   
    Swiss engineering group ABB has decided to keep its Power 
Grids division, which was put under review last year, weekly 
SonntagsZeitung said on Sunday citing a source at the company's 
headquarters. urn:newsml:reuters.com:*:nL8N1BU07E 
    ABB's board will discuss the future of its Power Grids 
division next week as investors ramp up pressure on the 
technology group to spin off the $11.6 billion business. The 
board will meet at an undisclosed location in Switzerland on 
Tuesday, two sources close to the matter told Reuters on Friday. 
 urn:newsml:reuters.com:*:nL8N1BS35D 
    For more click  ABBN.S  
     
    BANKS 
    Consolidation at the Swiss banking sector will continue and 
the number of banks decrease, the head of the Swiss Bankers 
Association told Le Temps paper. 
    Swiss lenders, being confronted with falling margins and 
higher costs due to increasing regulation, digitalisation and 
negative interest rates, need to further adjust their 
structures, Helmut Scheidt said. 
    For more click  BANK   
     
    LAFARGEHOLCIM  LHN.S   
    LafargeHolcim is considering withdrawing from several 
markets as part of its efforts to make last year's mega-merger a 
success, Chairman Beat Hess told weekly Sonntagszeitung. "We 
will be present in less countries for sure," Hess was quoted as 
saying. The sale of operations in several countries was an 
option, he said. urn:newsml:reuters.com:*:nL8N1BU06G 
    For more click  LHN.S  
     
    NOVARTIS  NOVN.S  
    The Swiss drugmaker's investigational multiple sclerosis 
drug cut the risk of disability progression in patients with a 
tough-to-treat form of the disease versus a placebo, the Swiss 
company said on Saturday, citing a new analysis of a late-stage 
trial.  L8N1BS3NH  
    About 40 percent of chronic migraine sufferers taking an 
experimental drug developed by Novartis and Amgen saw the number 
of days they suffered a migraine cut by at least half, beating 
the placebo in the trial.  urn:newsml:reuters.com:*:nL8N1BS358 
    For more click  NOVN.S  
     
    COMPANY STATEMENTS  CPR-CH  
    * Syngenta  SYNN.S  said it has agreed the 120 million Swiss 
franc expansion of its production site in Kaisten, Switzerland, 
creating 20 new jobs  SYNN.S  
    * New Value  NEWN.S  said it will receive a share of the 
liability payment made by the company's former directors and 
auditor to an investor following a settlement between the 
parties.   NEWN.S  
     
    ECONOMY  M-CH  
     
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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Keywords: MARKETS SWISS STOCKS/