Citywire Top Stocks Daily News Digest

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

BP PLC

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• Bloomberg: BP is seeking as much as $7.9 billion before tax payments for a group of Gulf of Mexico oilfields as it unloads assets following its 2010 spill in the region
• Reuters: BP Capital sold 452,111 shares of BP PLC valued at $20.3 million as of the end of the first quarter, dissolving all of its ownership in the stock
• Southwest Farm Press: BP Biofuels and Texas AgriLife Research have signed a 3-year agreement to develop and commercialize cellulosic feedstock for the production of advanced biofuels
• Orlando Sentinel: Circle K is buying and converting what appears to be all 29 Central Florida's BP gas stations; purchase price was not disclosed
• Equities: BP has selected Accenture as its global outsourcing provider of finance and accounting services to complement its in-house captive business service centers

ITV PLC

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• The Guardian: ITV has expressed an interest in US company Dick Clark Productions, which holds the TV rights to events including the Golden Globes, and is expected to go under the hammer for about £200 million
• Financial Times: ITV climbed to a three-month high of 84.7 pence in London as talk of strong advertising sales helped bolster hopes of a cash return

Lloyds Group PLC

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• Reuters: Lloyds has agreed to sell a $1.65 billion portfolio of private equity investments to Coller International Partners as it continues to shed riskier assets

Micro Focus International PLC

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• ShareCast: UBS has upgraded its rating for business software firm Micro Focus International from 'neutral' to 'buy' and raised its target price from 570 pence to 600 pence

Pearson PLC

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• The Daily Telegraph: Pearson, the education and publishing group, is to set up its own college offering business degrees

Royal Dutch Shell Plc

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• Financial Times: Kiev has approved a joint offshore exploration bid led by ExxonMobil and Shell that will help it unlock oil and gas reserves deep under the Black Sea
• Bloomberg: Shell has raised $2.5 billion in a three-part offering through its international finance unit
• Fox: Shell will break ground for a $100 million lubricant blending plant in northern China on Thursday
• The Peninsula: Delta Doha Corporation and Qatar Shell signed a new long-term service contract for ‘Local SGP Burner Repair’ on the Pearl Gas to Liquids plant in Ras Laffan Industrial City
• Mercury News: A gas leak that caused black smoke to rise from the Shell oil refinery in Martinez, the US, on Tuesday was sealed by 3 pm

Shire PLC

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• Philly.com: Shire is nearing a decision on a likely move of its North American headquarters from Wayne to another spot in the region

Tullow Oil PLC

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• Reuters: Statoil has sold a 25% stake in an exploration license in the gas-rich prospects offshore Mozambique to Tullow Oil, completing a deal flagged in April

Vodafone Group PLC

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• Daily News Egypt: Hatem Dowidar, CEO of Vodafone Egypt, said that in two weeks Vodafone Ventures Fund will announce its investment in two companies