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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

Afren PLC

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  • Scandinavian Oil Gas Magazine: Afren East African Exploration, a wholly owned subsidiary of Afren, has commenced a major 3D seismic programme in the Seychelles

Barclays PLC

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  • Fox Business: Barclays is planning to cut up to 2,000 jobs in its investment bank as part of a broader overhaul as it continues to look for ways to streamline operations
  • Reuters: Barclays has lost Michael Carter, Michal Katz and Erik-Jaap Molenaar, three of its top technology investment bankers in New York, this week to a rival
  • Daily Mail: Barclays is to announce a major overhaul of its businesses in the New Year in an ethical cleansing exercise aimed at regaining trust after its reputation was trashed by the Libor scandal

BG Group PLC

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  • Financial Times: BG Group will replace its chief executive, Sir Frank Chapman, with Chris Finlayson following a protracted run-off for the position that started last year

BP PLC

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  • Reuters: BP is close to reaching a deal with Iraq to cut the final production target for the supergiant Rumaila oilfield to between 1.8 million and 2.2 million barrels per day
  • CBS Houston: BP has been going to the site of the Deepwater Horizon disaster in the Gulf of Mexico with the Coast Guard to see if any more oil is seeping through the capped containment dome

GlaxoSmithKline PLC

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  • Wall Street Journal: Mayne Pharma is poised to raise around $19 million to fund the acquisition of morphine-based pain-relief product Kapanol from GlaxoSmithKline in Australia
  • Daily Political: GlaxoSmithKline was upgraded by investment analysts at Credit Suisse to a “neutral” rating in a note issued to investors on Thursday

National Grid PLC

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  • Wall Street Journal: National Grid president Tom King has apologised for a computer problem that has delayed paychecks for thousands of workers who put in extra hours during Sandy

Rolls-Royce Holdings PLC

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  • 4-traders: Rolls-Royce on Thursday announced an order worth more than £100 million to supply integrated power and propulsion systems for seven offshore drilling vessels in Brazil

Royal Dutch Shell Plc

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  • BusinessWire: Shell and the Technip Samsung Consortium have signed an agreement to enhance collaboration on the design, engineering, procurement, construction and installation of future innovative floating LNG facilities

Shire PLC

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  • 4-traders: Shire has purchased 69,987 of its ordinary shares of 5 pence each

Vodafone Group PLC

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  • Sydney Morning Herald: Several Vodafone Australia staff artificially inflated customer numbers to earn commissions as high as $5000 a month, say former staff
  • PR Newswire: Vodafone Ireland is deploying Tellabs Insight Analytics (SM) Services to analyse the network data contained in its multi-vendor 3G mobile network

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