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Citywire Top Stocks Daily News Digest

All the news from across the web about the companies featured in Citywire's Top Stocks.

 
Citywire Top Stocks Daily News Digest

All the news from across the web about the companies featured in Citywire's Top Stocks

BG Group PLC

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  • Reuters: BG Group has agreed to sell its 40% stake in two gas-fired power generation plants in the Philippines

BP PLC

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  • Bloomberg: BP’s billionaire partners in Russia’s third-biggest oil producer are ready to dissolve the equal ownership structure of TNK-BP as tensions mount between the shareholders
  • Financial Times: Maxim Barsky, former deputy chief executive and heir apparent of TNK-BP, has insisted his future lies with developing his new exploration vehicle rather than returning to the troubled Russian joint venture
  • Fox Business: Hess Corp has agreed to sell 15.67% interest in the Schiehallion field, which is operated by BP, to Shell

BT Group PLC

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  • Bloomberg: BT’s pension fund has bought 13% of Thames Water’s holding company Kemble Water Holdings for an undisclosed amount
  • Fox Business: BT Group Wednesday purchased 2 million ordinary shares from JP Morgan Securities at an average price of 205.8443 pence per share

Burberry Group PLC

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  • Bloomberg: Burberry may raise its final dividend by 19% to 17.8 pence, according to Bloomberg Dividend Forecasts

Diageo PLC

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  • Economic Times: Diageo has increased its stake in Indian joint venture firm, Diageo Radico Distilleries, to 100%

GlaxoSmithKline PLC

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  • Financial Times: GlaxoSmithKline has begun a process to try to replace the entire board of Human Genome Sciences, adding pressure to the unsolicited $2.6 billion bid it made for the US biotech company in April
  • Reuters: A Human Genome Sciences shareholder has filed a lawsuit against the board and requested a Maryland court to temporarily restrain the company from using a "poison pill" in response to GlaxoSmithKline's hostile $2.6 billion takeover offer
  • 4-traders: Stiefel, a GlaxoSmithKline company, and Welichem Biotech have entered into an agreement for the acquisition by Stiefel of exclusive development and commercialization rights to the novel anti-inflammatory agent, WBI-1001, in all territories outside of China, Taiwan, Macao and Hong Kong

Premier Oil PLC

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  • MarketWatch: Premier Oil has signed a sale and purchase agreement with Norwegian Skeie Energy to acquire a 20% equity interest in PL407 and a 40% equity interest in PL406 license on the Norwegian Continental Shelf, for up to $27.5 million

Royal Dutch Shell Plc

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  • Bloomberg: Brazilian prosecutors have asked a court to force Shell and BASF to immediately pay $500 million into a compensation fund for hundreds of workers
  • UPI: Shell Canada has decided to sell its underperforming Orion thermal oil sands project

Tullow Oil PLC

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  • EBR: Tullow Oil revealed it has made additional oil discovery at its Ngamia-1 exploration well in Kenya after drilling into the primary target
  • Irish Times: Tullow Oil plans to create 30 jobs in its Irish office in an expansion of its information systems and geophysics operations

Vodafone Group PLC

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  • The Wall Street Journal: Indian tax authorities are waiting for the official notification of the Finance Bill before sending a reminder to Vodafone to pay taxes and interest of around $3.5 billion on its 2007 deal
  • Bloomberg: Vodafone Turkey had an operating profit of 3.5 million liras ($1.9 million) in the fiscal year that ended 31 March, compared with a loss of 174 million liras in the previous year

Xstrata PLC

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  • Reuters: Glencore and Xstrata will send details of their long-awaited tie-up to shareholders on Thursday, including a three-year retention package set to be worth tens of millions of dollars for Xstrata boss Mick Davis
  • MarketWatch: Xstrata has resumed operations at its Blakefield South mine in Australia and expects to return to full production by mid-July
  • Bloomberg: Xstrata’s Tintaya mine in Peru is running normally after community protests that led to four deaths and prompted authorities to declare a state of emergency

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  • BP PLC
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  • BT Group PLC
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  • Burberry Group PLC
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  • Diageo PLC
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  • GlaxoSmithKline PLC
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  • Premier Oil PLC
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  • Royal Dutch Shell PLC
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  • Tullow Oil PLC
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  • Vodafone Group PLC
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  • Xstrata PLC
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Investment Trust Insider: DIY Investor Safety Manual

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