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Citywire Top Stocks Daily News Digest

Citywire Top Stocks Daily News Digest

All the news from across the web about the companies featured in Citywire's Top Stocks

Barclays PLC

BARC.L share fact sheetEmail alertsPortfolio

  • Economic Times: Barclays Capital Mauritius has purchased 2.33 million shares of infrastructure firm IVRCL Ltd for around $1.92 million


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  • FirstPost: Reliance Industries and BP have emerged as the main winners of Egypt’s crude oil supply tenders for 2013, traders said on Wednesday
  • Daily News & Analysis: BP said output from the Krishna Godavari basin in India will start reviving from 2017 onward

Diageo PLC

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  • Economic Times: Diageo said it would consider buying out the 50% of premium Dutch vodka brand Ketel One it does not already own if it came on the market

HSBC Holdings PLC

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  • Financial Times: HSBC has struck a $9.4 billion deal to sell its entire 15.6% stake in Ping An Insurance to companies controlled by Thailand’s Charoen Pokphand Group
  • MSN: HSBC might pay a fine of $1.8 billion as part of a settlement with US law-enforcement agencies over money-laundering lapses, according to several people familiar with the matter
  • Fox Business: HSBC Holdings has appointed Peter Boyles chief executive of Global Private Banking with immediate effect, replacing Krishna Patel
  • Wall Street Journal: HSBC Bank USA says it will vacate Buffalo's tallest office building next year and relocate about 2,000 employees to other offices

Royal Dutch Shell Plc

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  • Reuters: Brazil's antitrust regulator on Wednesday approved a joint venture between the sugar, ethanol and fuel distribution assets of milling group Cosan SA and Shell
  • Triple Pundit: Greenpeace has recently amped up its campaign urging the British grocery retailer Waitrose to sever its ties with Shell

Smith & Nephew PLC

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  • Equities: Smith & Nephew, a multinational medical equipment manufacturing company, has appointed Julie Brown as CFO

Vedanta Resources PLC

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  • Hindustan Times: Vedanta Aluminium Limited on Wednesday temporarily shut down its one-million-tonne-per-annum alumina refinery in the Indian state of Odisha due to lack of bauxite

Xstrata PLC

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  • Australian Mining: Xstrata has built a new section of railway in the Southern Highlands in Australia after concerns were raised that its mining operations could damage existing tunnels
  • Yahoo: Xstrata has blamed mechanical issues at an acid plant in Mount Isa in north-west Queensland for air quality breaches in the Australian city

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Comment & analysis

Asset managers: 'There is going to be a distribution revolution'

1 Comment Play Asset managers: 'There is going to be a distribution revolution'

In footage not used in our original CEO tapes videos, five CEOs discuss how distribution will change in the future. Will 'distribution' be revolutionised by technology the same way that Spotify changed music or the Kindle changed publishing?