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Citywire Top Stocks Daily News Digest

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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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  • The Daily Telegraph: Barclays is to rewrite its rules on pay and multi-million pound bonuses in an attempt to drive down costs and stop criticisms that the bank incentivised its executives to take the wrong type of risks

BP PLC

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  • Biz Journals: BP’s settlement with businesses and individuals over the Deepwater Horizon rig disaster and subsequent oil spill has been approved by the U.S. District Court judge overseeing the case

BT Group PLC

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  • Fox Business: BT Group is to repay £94.8 million in total to British Sky Broadcasting Group, TalkTalk, Virgin Media, Cable & Wireless Worldwide and Verizon Communications for overcharging over wholesale ethernet services, OfCom said on Friday

HSBC Holdings PLC

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  • South China Morning Post: Reports that a secretive Chinese businessman played a key role in Thai group's plan to buy HSBC's Ping An stake raise fresh questions about the real buyer and the source of funding for the deal

ITV PLC

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  • 4-traders: ITV on Saturday announced that it has agreed to acquire a controlling stake in Gurney Productions, a fast-growing producer of factual entertainment and reality programmes for leading US cable television networks

National Grid PLC

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  • WPRI: According to the Providence Journal, National Grid customers can expect to pay more for electric and gas in the New Year
  • 4-traders: National Grid on Friday said that the Rhode Island Public Utilities Commission approved rate case settlements for its Narragansett gas and electric utility businesses, adding that the rate plan should provide enough revenue to support its operations

Smith & Nephew PLC

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  • Tampa Bay Business Journal: Smith & Nephew’s wound management division will double its sales in the United States, with the planned acquisition of Healthpoint Biotherapeutics

Vedanta Resources PLC

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  • The Pioneer: A judicial probe has squarely blamed officials of Vedanta Resources-controlled Balco, a Chinese firm SEPCO and its Indian partner GDCL for the September 2009 chimney collapse at an under-construction power plant that killed poor workers in Korba town of the Indian state of Odisa

Vodafone Group PLC

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  • Times of India: Vodafone has expressed concern over the recent Indian Cabinet decision on spectrum auction, saying compulsory participation in the auctions is "coercive in nature, at an exorbitant price and on unreasonable terms"

Xstrata PLC

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  • 4-traders: Xstrata has raised its estimate for the initial cost of a planned copper-and-gold mine in Papua New Guinea
  • ShareCast: Xstrata Copper has completed construction on its Lomas Bayas operation in northern Chile, the company announced on Friday
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