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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Nov 28, 2012 at 03:49

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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  • 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

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  • 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

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  • 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

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GlaxoSmithKline PLC

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  • 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

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  • 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

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  • 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

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  • 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

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