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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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  • Financial Times: UK authorities are probing an allegation that Barclays loaned Qatar money to invest in the bank as part of its cash call at the height of the financial crisis in 2008, which enabled the bank to avoid a UK government bailout
  • Financial Times: Barclays, HSBC, RBS and Lloyds have set aside about £700 million for compensation for mis-selling complex derivative products to small businesses
  • The Daily Telegraph: Barclays pay boss Sir John Sunderland has told MPs that Bob Diamond had “deserved a bonus” as recognition for achieving set targets

BP PLC

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  • Reuters: David Peattie, the head of BP's often fraught Russian business, is leaving to run privately-owned North Sea oil producer Fairfield Energy
  • Bloomberg: BP, which started operating its PSVM oil project in Angola at the end of last year, expects to reach peak output of 150,000 barrels per day in 2014
  • GreenBiz: Oil and gas majors, including, BP, could face a loss in market value of up to 60% should the international community stick to its agreed emission reduction targets, analysts at HSBC have warned

Diageo PLC

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  • The Independent: Diageo sales rose 5% to £6.04 billion in the half year to December
  • The Daily Telegraph: Diageo will hit its target of generating half of its revenue from fast-growing emerging markets in 2013, two years early, amid booming sales in Africa, Asia and Latin America

HSBC Holdings PLC

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  • Reuters: HSBC is giving its Mexican unit a $500 million capital injection to increase lending in Latin America's second-biggest economy, the bank said on Thursday
  • Financial Times: HSBC will replace Citigroup as joint corporate broker to FTSE 250 miner Lonmin alongside JP Morgan Cazenove

Royal Dutch Shell Plc

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  • The Daily Telegraph: Shell's profits fell 6% in 2012, to $27 billion as fourth-quarter earnings significantly undershot expectations due to a surprise slump in exploration and production profits
  • The Guardian: Shell and other major companies are spilling crude, diesel or other contaminants into the North Sea on a daily basis despite the oil industry's efforts to improve its safety record

Smith & Nephew PLC

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  • Memphis Business Journal: Smith & Nephew Orthopedics is laying off an estimated 100 employees in Memphis and Andover, Mass., the US, citing the 2.3% excise tax on orthopedic device companies as the reason

Unilever PLC

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  • Bloomberg: Unilever plans to spend $112 million building a new plant and upgrading factories in South Africa as consumers there buy more home-care products
  • Bloomberg: Unilever Ghana’s net income decreased 44% to 16.7 million cedis ($8.8 million) in 2012, the company said; revenue grew 18% to 282.1 million cedis

Vedanta Resources PLC

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  • The Hindu: Vedanta Resources posted 7% hike in revenue during the third quarter of the current fiscal to $3.575 billion buoyed by higher oil and gas production by Cairn India

Vodafone Group PLC

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  • Wall Street Journal: Vodafone Group and Norway's Telenor ASA have expressed reservations over their participation in an upcoming auction of telecommunications bandwidth in India
  • Techday: Vodafone has doubled its network capacity in Auckland, New Zealand, improving coverage and increasing speeds to two thirds the city

Xstrata PLC

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  • The Sudburystar: Negotiators for Xstrata Nickel and Mine Mill /CAW Local 598 continued to bargain for a new contract on Thursday night, with a strike deadline only a few hours away

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  • Unilever PLC
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  • Vedanta Resources PLC
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4 reasons why savings rates aren't rising

by Michelle McGagh on Aug 29, 2014 at 15:13

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