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Citywire Top Stocks Daily News Digest
by Himanshu Singh on Jan 23, 2013 at 03:15
All the news from across the web about the companies featured in Citywire's Top Stocks
Barclays PLC
- The Independent: Barclays is planning to offshore hundreds of roles at its troubled investment banking unit to India in a bid to cut costs, The Independent has learnt
- Financial Times: Barclays is cutting up to 2,000 jobs in its investment bank as part of a strategic overhaul by the bank’s chief executive Antony Jenkins
- BBC: Andrew Tinney, chief operating officer of Barclays’ wealth management division has left the firm amid allegations he attempted to suppress an unflattering report into practices at the unit
BG Group PLC
- Financial News: BG Group, with a current market capitalisation of $60 billion, could become a takeover target for big oil firms, following a decline in its valuation by half in less than two years
BP PLC
- Bloomberg: Argentina’s Planning Minister Julio de Vido has called the meeting of oil executives from BP’s Argentine unit and Chubut provincial authorities to resolve a dispute and avert a strike at the company’s largest crude field
- Forbes: BP has been named as a Top 25 ”Dividend Giant” by ETF Channel, with a whopping $1.68 billion worth of stock held by ETFs
Diageo PLC
- Economic Times: Diageo has indicated that the deal with India’s United Spirits is on track and there are no major hurdles with the regulator with respect to the offer price
- Morning Advertiser: Diageo is launching a new £5.5 million TV campaign for Guinness
First Quantum Minerals PLC
- Financial Times: Inmet’s board has rejected a hostile takeover approach from First Quantum arguing the $5.13 billion offer is “financially inadequate”
- Stockhouse: First Quantum Minerals on Tuesday announced a 26% increase in copper production in the fourth quarter and a 16% rise for the year ended 31 December
GlaxoSmithKline PLC
- Seeking Alpha: GlaxoSmithKline's Pandemrix H1N1 swine flu vaccine, which was given to over 30 million people in 47 countries during the 2009-2010 H1N1 swine flu pandemic, has been linked with hundreds of cases of the incurable sleep disorder narcolepsy in Europe
- Daily Political: Exane BNP Paribas has reiterated “underperform” rating on GlaxoSmithKline’s stock
HSBC Holdings PLC
- Bloomberg: HSBC Holdings’s Swiss private bank sold the last office it owns in Geneva for $116 million after cutting jobs in the Alpine country
Lloyds Group PLC
- The Guardian: HMV could be saved after restructuring firm Hilco took over the retailer's debts from its lenders Lloyds and Royal Bank of Scotland
Rolls-Royce Holdings PLC
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