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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Dec 19, 2012 at 03:14

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: Hector Sants will receive a total remuneration package worth as much as £3 million as part of his move to Barclays next month
  • The Economic Times: Barclays has taken a stake in Spain's so-called bad bank SAREB
  • The National: Barclays is looking to hire bankers to help to boost its Dubai-based corporate banking division and increase its presence across the Arabian Gulf
  • Ventures Africa: Barclays awaits approval from the Central Bank of Kenya for the establishment of a local subsidiary to handle back office activities for the bank’s African operations

BP PLC

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  • The Moscow Times: The $60 billion purchase of TNK-BP by state-owned energy giant Rosneft that will create the world's largest publicly traded oil company was criticized Tuesday by Russia’s Federal Anti-Monopoly Service
  • Bloomberg: The father of a man killed in the 2010 Deepwater Horizon drilling rig explosion has asked a US judge to reject BP’s $4 billion criminal plea deal as insufficient
  • CBS News: An "unidentified substance inconsistent with oil" is emitting from several areas of BP's Deepwater Horizon rig wreckage, but no sources of leaking oil were identified, according to the Coast Guard
  • Bloomberg: BP CEO Bob Dudley met Azeri President Ilham Aliyev and State Oil Co of Azerbaijan President Rovnaq Abdullayev to discuss efforts to stem a drop in output
  • Columbus Business First: BP has started moving into its new operations center in the Youngstown area in the US, signaling that the world’s mega-oil companies are coming to Ohio to drill for oil and natural gas

Diageo PLC

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  • Business Standard: United Spirits shareholders have approved the preferential allotment of shares to Diageo, amounting to 10% at Rs 1,440 ($26.25) a piece, as part of the acquisition of the former

GKN PLC

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  • Reuters: Fitch Ratings has affirmed GKN Holdings’s Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-' and Short-term IDR at 'F3'

HSBC Holdings PLC

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  • Reuters: Japan's Sumitomo Life Insurance is close to agreeing to buy HSBC Holding's 18% stake in its Vietnam insurance business for about $360 million
  • Fox Business: Spain's National Court has granted conditional freedom to a former HSBC bank employee who is wanted by Switzerland for releasing confidential information on thousands of customers with Swiss accounts

ITV PLC

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  • Sky News: Lord McAlpine, who was wrongly implicated in child sex abuse allegations, has settled his libel actions against the BBC and ITV for £310,000
  • Financial Times: G4S has appointed Adam Crozier, the chief executive of ITV, as a non-executive director as part of a wider boardroom shake-up

National Grid PLC

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  • Timesunion.com: National Grid has until Friday to resolve the utility's problems with paying workers in the aftermath of Superstorm Sandy, Massachusetts Attorney General Martha Coakley said, or she will start fining the company

Rolls-Royce Holdings PLC

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  • 4-traders: Rolls-Royce has won a contract to supply a high-strength controllable pitch propeller for a new ice-breaking cargo ship which will transport highly valuable nickel and copper concentrates from Canada to customers in Europe

Royal Dutch Shell Plc

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