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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• Wall Street Journal: Barclays said on Thursday that it would go to U.S. district court to fight fines of nearly $470 million for alleged electricity-market manipulation

BP PLC

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• Yahoo News: A malfunction on the gasoline-producing fluidic catalytic cracking unit at BP’s 240,000 barrel-per-day Los Angeles-area refinery in Carson, California, triggered flaring on Thursday
• Bloomberg: BP’s temporary ban from new U.S. government contracts is an additional stain on the oil company’s record that may give competitors an edge in bidding for future federal work
• Reuters: U.S. officials were surprised that BP suggested an agreement would soon be ready to lift a suspension imposed this week on the company's obtaining new federal contracts, a government source said on Thursday
• Reuters: The ban on BP winning any new US government contracts is likely to be relatively short-lived, Fitch Ratings says

BT Group PLC

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• The Guardian: The BT Tower, one of London's best-known landmarks, is to be given a new lease of life as a setting for the telecoms company's sports channels when they go live next summer

First Quantum Minerals PLC

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• Daily Mail: Miner First Quantum said it was ‘surprised and disappointed’ after a £3 billion takeover bid for Inmet Mining was rejected

HSBC Holdings PLC

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• Bloomberg: HSBC may end a 14-year quest to build retail banking operations in South Korea by closing or selling branches in Asia’s fourth-largest economy

Royal Dutch Shell Plc

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• Bloomberg: Shell plans to issue benchmark debt of at least $5.8 billion in the US
• Chicago Tribune: Shell expects "years and years" of production from oil and natural gas acreage it recently bought from Chesapeake Energy and plans to add more drilling rigs
• Bloomberg: Shell lifted its force majeure on Forcados crude exports as Total SA resumed gas supplies to Nigeria LNG, operator of the largest liquefied natural gas plant in Africa

Shire PLC

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• Labmate Online: Shire has announced a research collaboration in rare diseases with Fondazione Telethon, a major Italian biomedical charitable foundation

Virgin Media INC

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• Financial Times: Virgin Media Business has won the UK’s first contract to provide citywide wireless outside London under the British government’s plans to create a series of “super connected” urban hubs

Xstrata PLC

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• Business Report: The Congress of South African Trade Unions will march against labour brokers at an Xstrata mine in North West where 250 workers were expelled, it was said on Thursday
• MarketWatch: The merged company to be formed by Glencore and Xstrata could produce "well over" one million metric tons of copper next year, a senior executive from Xstrata Copper Australia said