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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Feb 07, 2013 at 03:19

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 business plans to eliminate 275 jobs at three New York City locations in May, according to a filing with state regulators
  • Reuters: Barclays is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive's plan to streamline operations and cut costs, a person familiar with the matter said on Wednesday

BP PLC

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  • Bloomberg: BP’s Pentagon contracts have more than doubled to $2.51 billion since the year of the Gulf of Mexico oil spill, the biggest in U.S. history

BT Group PLC

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  • The Daily Telegraph: The days of "cold calls" from salesmen could be numbered, as BT has launched a new handset which automatically blocks nuisance calls

GlaxoSmithKline PLC

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  • France 24: GlaxoSmithKline on Wednesday announced a 13% drop in annual profits to $7.153 billion
  • The Daily Telegraph: Sir Andrew Witty, chief executive of GlaxoSmithKline, announced a "strategic review" of iconic brands Lucozade and Ribena

HSBC Holdings PLC

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  • Reuters: HSBC was forced into its biggest restructuring in almost 150 years because the bank's complex structure and wide geographical spread had made it attractive to criminals, its chief executive Stuart Gulliver said
  • Herald Online: Fitch Ratings says HSBC’s decision to inject $500 million into its Mexican subsidiary would strengthen HSBC Mexico's capital position and place the bank in a better position to continue growing

Legal and General Group PLC

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  • Bloomberg: UK and European regulators are hindering economic growth through “regulatory austerity,” according to Legal & General Group, the biggest investor in the British stock market

Premier Oil PLC

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  • Far News Agency: Argentina will continue legal action against energy firms working off the disputed, British-controlled Falkland Islands, including Premier Oil, Argentine Foreign Minister Hector Timerman said

Rolls-Royce Holdings PLC

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  • Jags Report: Jefferies Group reiterated their buy rating on shares of Rolls-Royce Holdings as it fixed a $14.87 price target on the stock

Royal Dutch Shell Plc

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