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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Feb 08, 2013 at 04:21

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 will cap cash bonuses at $102,000 for staff at its investment bank and defer awards for senior managers, according to a person with knowledge of the plans
  • Reuters: Barclays said on Thursday it added 16 new investment representatives to its wealth and investment management division as the British bank expands its presence in the US
  • Bloomberg: Absa Group investors, including Africa’s largest pension fund, are questioning the bank’s $2.1 billion all-share offer for Barclays’s Africa assets, saying the lender should use its cash surplus to help finance the deal

Experian PLC

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  • StockMarketWire: Experian CEO Donald Robert has sold post-exercise 552,453 shares in the company at a price of 1103.76 pence; Robert now holds 1,101,685 shares in the company

GlaxoSmithKline PLC

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  • KATC: Attorney General Buddy Caldwell filed a lawsuit, on behalf of the state of Louisiana, against GlaxoSmithKline over its illegal promotion of the drugs Paxil, Wellbutrin, Advair, Lamictal, Zofran, Imitrex, Lotronex, Flovent and Valtrex for off-label, non-covered uses in violation of state laws

HSBC Holdings PLC

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  • Reuters: HSBC will close the accounts of some customers in the Middle East and North Africa with links to sanction-targeted nations, the bank said on Thursday

Rolls-Royce Holdings PLC

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  • 4-traders: Rolls-Royce Holdings on Thursday said it has been awarded engine type certification from the European Aviation Safety Agency for the Trent XWB that will power the Airbus A350 XWB aircraft

Shire PLC

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  • 4-traders: Shire has purchased 21,800 of its ordinary shares of 5 pence each through both direct purchases of Ordinary Shares and through the purchase of Ordinary Shares underlying ADRs

Smith & Nephew PLC

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  • Bloomberg: Smith & Nephew’s trading profit, which excludes reorganization and acquisition costs, fell to $272 million in the fourth quarter from $279 million a year earlier

Unilever PLC

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  • The Express Tribune: Unilever’s plan to delist one of its Pakistan subsidiaries appears to have hit a snag

Vedanta Resources PLC

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  • Shire PLC
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