Citywire Top Stocks Daily News Digest

All the news from across the web about the companies featured in Citywire's Top Stocks

BP PLC

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• 4-traders: BP announced yesterday that it has awarded the first contracts for Project 20K™, a multi-year initiative to develop next-generation systems and tools to help unlock the next frontier of deepwater oil and gas resources

GlaxoSmithKline PLC

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• The Guardian: A GlaxoSmithKline sales representative has been found guilty of promoting a medicine for an unlicensed use, just months after the drugmaker was fined a record $3 billion for mis-selling drugs in the US
• Jags Report: Jefferies Group reaffirmed their hold rating on shares of GlaxoSmithKline in a report issued on Monday

HSBC Holdings PLC

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• 4-traders: HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians

Micro Focus International PLC

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• Jags Report: JP Morgan Chase reaffirmed their neutral rating on shares of Micro Focus International in a report issued on Monday

Royal Dutch Shell Plc

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• Fuelfix: Royal Dutch Shell PLC says it has shut down a pipeline in Nigeria’s oil-rich southern delta after finding leaks it blamed on oil thieves
• Offshore: Shell Offshore Inc, a subsidiary of Royal Dutch Shell, has awarded Technip a lump sum contract for the development of subsea infrastructure for the Cardamom field located in the Gulf of Mexico

Vodafone Group PLC

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• The Daily Telegraph: Verizon Wireless has agreed to pay a dividend of $8.5 billion to its parents Verizon Communications and Vodafone
• Bloomberg: Vodafone Group, grappling with shrinking wireless revenue in European markets such as Spain and Italy, is courting new sales partners

Xstrata PLC

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• The Independent: Standard Life Investments, one of the 10 largest shareholders in Xstrata, is to vote against a pay plan tied to the miner's $33 billion takeover by commodities trader Glencore, arguing the plan is unnecessarily greedy
• Bloomberg: Xstrata is considering a revised offer for Lonmin