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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.
Markets
All the news from across the web about the companies featured in Citywire's Top Stocks
AstraZeneca PLC
- Marketwire: AstraZeneca has completed its acquisition of San Diego, California-based biotechnology company Ardea Biosciences
- Seeking Alpha: Cancer Research UK's Drug Development Office has begun a clinical trial to test AstraZeneca's AZD4547 drug, which, if combined with chemotherapy, may treat stomach or esophageal cancer
Barclays PLC
- Financial Times: Barclays has received double-notch downgrades from Moody’s
- Economic Times: Barclays India will slash up to 600 positions by March next year as it cuts down on its lending activities
- CPI Financial: Barclays Egypt reported profit after tax of $11.71 million in the first quarter, a 78% increase over last year
BP PLC
- The Daily Telegraph: BP has further soured its fractious relationship with its oligarch partners in TNK-BP, sending them a warning letter complaining about their handling of the Russian joint venture
- Chicago Tribune: BP says all is normal after fire in 405,000 barrel-per-day Whiting refinery in the US
- AFP: BP's tumultuous stay in Russia was reportedly set for an extension on Thursday after a government source said the British firm was in "serious" talks about acquiring a stake in the state oil giant Rosneft
BT Group PLC
- Daily Mail: BT and Marks & Spencer both lavished their top executives with large quantities of stock, which will pay out as a reward for their long-term performance
HSBC Holdings PLC
- Live Mint: HSBC is restructuring its business in India to shed dependence on income from functions such as treasury, foreign exchange and investment banking
Micro Focus International PLC
- Financial Times: Micro Focus International has reported a full year pre-tax profit of $120 million from $96 million a year ago; it has proposed a final dividend of 23.4 cents a share
National Grid PLC
- Recharge: National Grid and Statnett have committed to 700km UK-Norway link
Royal Dutch Shell Plc
- Bloomberg: Statoil ASA wants Shell to become the main foreign partner in development of the Shtokman offshore natural gas project in Russia
Tullow Oil PLC
- Daily Guide: Tullow Oil has contributed $50,000 to support the ECOWAS Games currently taking place at the Accra Stadium in Ghana
Xstrata PLC
- Financial Times: Xstrata’s $65 billion merger plan with Glencore is facing a fresh threat after the Association of British Insurers, a leading UK investor group, admonished the miner’s £173 million pay plans
- The Daily Telegraph: Xstrata has put its stake in a Papua New Guinea mine up for sale after a slide in the copper price
- Northern Life: Xstrata Nickel chief executive Ian Pearce has been elected chairperson of the Mining Association of Canada
- Platts: Xstrata representatives are expected in Japan next week to start annual talks to settle Australian thermal coal prices for term contracts whose delivery begins in July
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