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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’s investment-banking unit asked a court to dismiss a lawsuit claiming it made misleading statements about mortgage-backed securities it sold to two credit unions that later failed
- MoneyControl: Barclays has said it will ramp up its manpower at the Indian wealth management division by up to 15% this fiscal year
BP PLC
- Bloomberg: BP appeared in federal court in New Orleans to answer US charges brought over the 2010 Gulf of Mexico oil spill, entering a not guilty plea that won’t affect its $4 billion criminal settlement with the US
- Fox Business: Norway's Petroleum Safety Authority has ordered BP to implement immediate measures to comply with fire- and explosion-prevention requirements at its Ula P oil platform following an oil and gas leak in September at the North Sea facility
- Platts: BP is in "discussions" with the UK and the Russian governments and Russia's gas giant Gazprom over joining the project to build an extension of the Nord Stream gas pipeline to the UK, a spokesman for BP's Russian office said Tuesday
Diageo PLC
- Economic Times: The pricing of the preferential share sale by United Spirits to Diageo may face some resistance from minority shareholders following the surge in the USL stock price, market participants said
GKN PLC
- Middle East North Africa Financial Network: GKN Sinter Metals has won a prestigious General Motors Supplier Quality Excellence Award
GlaxoSmithKline PLC
- Times of India: GlaxoSmithKline will invest around $941 million to increase stake in its Indian subsidiary, GlaxoSmithKline Consumer Healthcare, to 75% through a voluntary open offer
HSBC Holdings PLC
- Bloomberg: HSBC’s updated compliance procedures would weed out products such as wrongly- sold loan insurance because they would be identified as too profitable, said Antonio Simoes, head of the bank’s UK unit
Lloyds Group PLC
- Fox Business: Lloyds on Tuesday said it was writing to millions of customers to update them about the long-awaited sale of 632 branches to Co-operative Group
National Grid PLC
- Bloomberg: National Grid has invested $40 million in Clean Line Energy Partners to help the company build power lines for onshore wind farms
Royal Dutch Shell Plc
- Fox Business: Shell Malaysia has signed a 50:50, three-year production-sharing contract with Malaysia's state energy company Petronas
- Financial Post: Two aboriginal groups have lost their court bid to block a ruling on Shell’s Jackpine oilsands mine expansion in northern Alberta
- ABC News: The head of Shell in Australia, Ann Pickard, has dismissed claims that floating liquefied natural gas technology is environmentally unsafe
- Bloomberg: Shell is collecting seismic data in the Orange Basin off the north-west coast of South Africa
Shire PLC
- 4-traders: Shire has purchased 86,463 units of its ordinary shares of 5 pence each
Vedanta Resources PLC
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