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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• Financial Times: Barclays and Absa Group, one of South Africa’s top four banks, on Thursday said they planned to combine their Africa operations in a £1.3 billion deal
• The Guardian: Hector Sants, the former chief executive of the Financial Services Authority, is in talks to join embattled Barclays in a senior role barely six months after the leaving the City regulator

BG Group PLC

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• Financial Times: BG Group is exploring selling more assets linked to its $20 billion natural gas development in Australia

BP PLC

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• Nola: BP is building the world's largest complex of supercomputers for commercial research in the US for processing and management of massive amounts of geological and seismic data
• Bloomberg: The BP-led Shah Deniz 2 natural gas project in Azerbaijan will cost $28 billion, up from the previous estimate of $25 billion
• Economic Times: BP, along with its partner Reliance Industries, has begun drilling on a satellite discovery surrounding the now flagging gas fields in the KG-D6 block in India

BT Group PLC

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• Business Standard: BT Group plans to raise about $184.71 million by selling its remaining stake of 9.09% in India’s Tech Mahindra, a joint venture between BT and Mahindra & Mahindra

DS Smith PLC

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• Financial Times: Pre-tax profit of DS Smith rose from £60.8 million to £88.9 million in the half to October 31 as sales went up almost two-thirds to £1.7 billion

First Quantum Minerals PLC

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• The Northern Miner: First Quantum Minerals has started commercial production at its Kevitsa open-pit, nickel-copper mine in northern Finland

GlaxoSmithKline PLC

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• Daily Political: GlaxoSmithKline’s stock had its “underperform” rating reaffirmed by research analysts at Exane BNP Paribas with target price of $23.33

HSBC Holdings PLC

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• The Daily Telegraph: HSBC is expected to pay more than $1.5 billion in fines to US authorities within weeks to settle money-laundering investigations into its business

Imagination Technologies Group PLC

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• ShareCast: Stocks of Imagination Technologies Group rose 5.81% to 424.30 pence on Thursday after JP Morgan Chase reiterated its overweight rating on the stock

Lloyds Group PLC

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• Scotsman: Lloyds Banking Group has sold a £778.6 million debt portfolio backing properties in Scotland and the north of England for just £390 million – a 50% discount
• The Guardian: Major City investors have issued a stark warning to the government that there is little chance of selling off the taxpayers' stakes in RBS and Lloyds
• Financial Times: High-street banks including Lloyds and RBS are still putting pressure on staff to sell high volumes of products to retail customers, despite recent mis-selling scandals

Micro Focus International PLC

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