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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
Barclays PLC
- Bloomberg: Barclays’ $3 billion of notes that can be written off in a crisis tumbled in their first day of trading, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority
BG Group PLC
- Fox Business: BG Group has agreed to sell its stake in Argentine natural gas distributor Metrogas, a spokesman for Metrogas confirmed on Thursday
BP PLC
- The Daily Telegraph: BP has pleaded guilty to manslaughter over the deaths of 11 men in the Gulf of Mexico disaster and will pay $4.5 billion in a record settlement with US authorities
BT Group PLC
- Benzinga: BT Group to acquire Tikit Group for approximately $102 million
GlaxoSmithKline PLC
- Businessweek: GlaxoSmithKline agreed to pay $90 million to settle claims by 37 U.S. states and the District of Columbia that the company illegally promoted the Avandia diabetes medicine
National Grid PLC
- The Independent: National Grid reported a 21% increase in first-half pre-tax profits yesterday and revealed that Superstorm Sandy on the US east coast will cost it around £100 million
Premier Oil PLC
- Businessweek: Premier Oil said delays in starting North Sea fields will hold back production in 2013
Royal Dutch Shell Plc
- Businessweek: Royal Dutch Shell said its shale gas project in China will require billions of dollars in investment from 2014 before it can supply the domestic market
Vedanta Resources PLC
- Live Mint: Vedanta Resources may cut output at its four-year-old aluminium smelter in India as it grapples with a shortage of raw material
Vodafone Group PLC
- 4-traders: Vodafone India has been awarded spectrum licences in 14 telecom circles in the Indian government's 1800 MHz spectrum auction
Xstrata PLC
- The Guardian: The high-profile £50 billion merger between Xstrata and Glencore took another last-minute twist on Thursday after the surprise decision by Qatar Holding, an influential shareholder, not to back controversial multi-million pound pay packages for key staff
- The Daily Telegraph: Xstrata gave the nod to a rights issue by Lonmin, the platinum miner thrown into crisis by South Africa's strikes, as fellow investors refused to scupper the rescue plan
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- Barclays PLC
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- Xstrata PLC
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Today's articles
The Accumulator: 'Reduce bonds, buy Asia' by Gavin Lumsden
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Citywire Top Stocks Daily News Digest by Himanshu Singh
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