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Citywire Top Stocks Daily News Digest
by Himanshu Singh on Feb 04, 2013 at 03:35
All the news from across the web about the companies featured in Citywire's Top Stocks
Afren PLC
- Bloomberg: China Petrochemical Corp, the country’s largest refiner, is in talks to buy more than $1 billion of assets from Afren Plc, sources said
Barclays PLC
- Financial Times: Chris Lucas, Barclays’ finance director since 2007, and Mark Harding, general counsel, are to step down
- Reuters: Barclays chief Antony Jenkins has opted not to take a bonus for 2012, saying he should "bear an appropriate degree of accountability" for the difficult year the British bank endured
BP PLC
- The Daily Telegraph: BP is expected to report a 22% fall in underlying profits this week as its fourth-quarter earnings suffer from the ending of the Russian joint venture TNK-BP
- The Moscow Times: Lower output from TNK-BP's mature fields led to an overall decrease in crude oil production, which edged down 0.1% in January, Energy Ministry data issued on Saturday show
- Daily Express: BP is hoping to settle outstanding liabilities for the Deepwater Horizon disaster in the Gulf of Mexico ahead of a trial for civil claims due to start in the US on 25 February
- Reuters: Marathon Petroleum Corp on Friday closed its $2.4 billion acquisition of BP's Texas City, Texas, refinery, both companies said
- Bloomberg: State Oil Co of Azerbaijan said production from the BP-led Azeri-Chirag-Guneshli field was unchanged in January from a year earlier, indicating that output has recovered from a dip during 2012
BT Group PLC
- Bloomberg: BT Group posted third-quarter adjusted earnings before interest, taxes, depreciation and amortisation of £1.55 billion, compared with the average analyst estimate for profit of £1.53 billion
DS Smith PLC
- 4-traders: Chris Britton will join the Board of DS Smith as a non-executive director on 6 March
GlaxoSmithKline PLC
- The Daily Telegraph: GlaxoSmithKline is expected to start moving resources away from continental Europe and into emerging markets to react to the “changed environment” on the Continent
HSBC Holdings PLC
- Bloomberg: HSBC Holdings’s $7.4 billion sale of its stake in Ping An Insurance to Thai billionaire Dhanin Chearavanont was cleared by regulators
Lloyds Group PLC
- The Guardian: António Horta-Osório, chief executive of bailed-out Lloyds Banking Group, is expected to be questioned on Monday about whether he should pocket a potential £2.5 million bonus
Prudential PLC
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