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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

Barclays PLC

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  • The Guardian: Barclays has admitted it "terminated" the employment of five people involved in the Libor scandal and conceded it is reviewing as many as 80 other financial instruments where it helps to set the price
  • Financial Times: Barclays is considering exiting agricultural commodities trading as part of its attempts to rebuild its battered reputation after a series of scandals
  • Daily Mail: Mike Walters, the head of compliance at Barclays, was slammed by the Banking Commission’s joint committee for refusing to take any responsibility for the string of scandals that occurred under his watch

BP PLC

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  • Reuters: The US government banned BP on Wednesday from new federal contracts over its "lack of business integrity" in the 2010 Deepwater Horizon oil spill
  • CBS News: Two BP rig supervisors and a former BP executive pleaded not guilty Wednesday to criminal charges stemming from the deadly Deepwater Horizon rig explosion
  • Bloomberg: Abu Dhabi National Energy bought stakes in North Sea fields for $1.1 billion from BP

HSBC Holdings PLC

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  • Jags Report: HSBC upgraded shares of Debenhams to an overweight rating on Wednesday; the firm currently has $2.16 target price on the stock

First Quantum Minerals PLC

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  • The Washington Post: Inmet Mining announced Wednesday it is rejecting an unsolicited takeover offer worth $4.9 billion by First Quantum Minerals

GlaxoSmithKline PLC

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  • NDTV: A French appeals court on Wednesday upheld a ruling ordering GlaxoSmithKline to pay 197,000 euros to a man who claimed that its drug to treat Parkinson's turned him into a gay sex and gambling addict
  • Chicago Tribune: Drugmakers - led by GlaxoSmithKline and Johnson & Johnson - are stepping up efforts to ensure their medicines are available and affordable in poor countries

Lloyds Group PLC

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  • Bloomberg: CarVal Investors LLC, the asset- manager unit of Cargill Inc, agreed to buy $490 million of property loans from Lloyds Banking Group
  • Civilsociety.co.uk: Big Lottery Fund is investing £6.9 million into the Lloyds Banking Group Social Entrepreneurs Programme
  • Daily Mail: City grandee Lord Levene has launched a broadside against state-backed Lloyds for selling 632 branches to the Co-op in a cut-price deal

National Grid PLC

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  • Providence Journal: National Grid workers say they have gotten only partial pay or no pay at all after weeks of hard and sometime dangerous work to repair Hurricane Sandy's damage to the electrical system in Providence, RI, and New York

Rolls-Royce Holdings PLC

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  • 4-traders: Rolls-Royce on Wednesday delivered the first Trent 900 aero engine produced in Singapore to a customer in the region

Smith & Nephew PLC

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  • The Daily Telegraph: Hip and knee replacement manufacturer Smith & Nephew is to buy an American wound care firm Healthpoint Biotherapeutics for $782 million

Tullow Oil PLC

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  • Financial Express: Tullow Oil has sought unitisation of onshore Bangora and Srikail gas fields in Bangladesh, fearing a sharp fall in natural gas output from its Bangora field after the start of production in the Srikail field

Unilever PLC

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1 comment so far. Why not have your say?

normski 2nd

Nov 29, 2012 at 10:03

Morning all,

I could,nt read any more after reading about GSK because of the tears of laughter.

normski

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