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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

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  • Financial Times: Barclays and Absa Group, one of South Africa’s top four banks, on Thursday said they planned to combine their Africa operations in a £1.3 billion deal
  • The Guardian: Hector Sants, the former chief executive of the Financial Services Authority, is in talks to join embattled Barclays in a senior role barely six months after the leaving the City regulator

BG Group PLC

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  • Financial Times: BG Group is exploring selling more assets linked to its $20 billion natural gas development in Australia

BP PLC

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  • Nola: BP is building the world's largest complex of supercomputers for commercial research in the US for processing and management of massive amounts of geological and seismic data
  • Bloomberg: The BP-led Shah Deniz 2 natural gas project in Azerbaijan will cost $28 billion, up from the previous estimate of $25 billion
  • Economic Times: BP, along with its partner Reliance Industries, has begun drilling on a satellite discovery surrounding the now flagging gas fields in the KG-D6 block in India

BT Group PLC

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  • Business Standard: BT Group plans to raise about $184.71 million by selling its remaining stake of 9.09% in India’s Tech Mahindra, a joint venture between BT and Mahindra & Mahindra

DS Smith PLC

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  • Financial Times: Pre-tax profit of DS Smith rose from £60.8 million to £88.9 million in the half to October 31 as sales went up almost two-thirds to £1.7 billion

First Quantum Minerals PLC

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  • The Northern Miner: First Quantum Minerals has started commercial production at its Kevitsa open-pit, nickel-copper mine in northern Finland

GlaxoSmithKline PLC

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  • Daily Political: GlaxoSmithKline’s stock had its “underperform” rating reaffirmed by research analysts at Exane BNP Paribas with target price of $23.33

HSBC Holdings PLC

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  • The Daily Telegraph: HSBC is expected to pay more than $1.5 billion in fines to US authorities within weeks to settle money-laundering investigations into its business

Imagination Technologies Group PLC

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  • ShareCast: Stocks of Imagination Technologies Group rose 5.81% to 424.30 pence on Thursday after JP Morgan Chase reiterated its overweight rating on the stock

Lloyds Group PLC

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  • Scotsman: Lloyds Banking Group has sold a £778.6 million debt portfolio backing properties in Scotland and the north of England for just £390 million – a 50% discount
  • The Guardian: Major City investors have issued a stark warning to the government that there is little chance of selling off the taxpayers' stakes in RBS and Lloyds
  • Financial Times: High-street banks including Lloyds and RBS are still putting pressure on staff to sell high volumes of products to retail customers, despite recent mis-selling scandals

Micro Focus International PLC

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  • Reuters: Micro Focus posted a 3% rise in adjusted core earnings of $92.2 million on Thursday, ahead of analysts' average forecasts of about $86 million
  • Financial Times: Micro Focus increased its dividend 45.1% year-on-year to 11.9 cents after revenues at the group fell

Premier Oil PLC

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  • The Guardian: Premier Oil has plugged and abandoned the Cyclone well in the north sea after it identified only residual oil, suggesting the rest leaked away

Rolls-Royce Holdings PLC

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  • Financial Times: Rolls-Royce warned on Thursday that it faced the possibility of prosecution after the Serious Fraud Office and an internal investigation raised concerns about corruption and bribery in Indonesia, China and other overseas markets

Royal Dutch Shell Plc

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  • Bloomberg: Shell said Europe needs a price of $120 per tonne of carbon dioxide for natural gas to compete with imported US coal and subsidised renewable energy in power generation
  • Bloomberg: Shell plans to move its natural-gas business to Singapore from The Hague in response to growing demand for liquefied natural gas in Asia

Weir Group PLC

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  • Financial Times: Weir Group dropped 3.4% to £18.17 on Thursday on news that Caterpillar, the world’s biggest maker of construction equipment, was forming a joint venture to sell shale gas extraction pumps

Xstrata PLC

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  • Wall Street Journal: The merger of Glencore and Xstrata will face another hurdle next week in South Africa, after the country's state-owned electricity provider, Eskom Holdings, said it would raise its concerns that the deal could harm its coal supplies
  • Daily Mail: Xstrata's top two executives - chief executive Mick Davis and finance director Trevor Reid - have enjoyed an £18 million payday, after taking advantage of a brief window to sell shares in the miner

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