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View the article online at http://citywire.co.uk/wealth-manager/article/a567531

Citywire Top Stocks Daily News Digest

by Himanshu Singh on Feb 17, 2012 at 03:18

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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  • Today Online: Moody's has warned it may cut the credit ratings of 17 global and 114 European financial institutions, including Barclays’
  • Irish Times: Barclays has introduced an app called PingIt, using which customers can send up to £300 daily to another person knowing only their mobile number and as long as the receiver’s bank details are registered with ‘PingIt’

BP PLC

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  • Bloomberg: Reliance Industries and partner BP have won approval from India’s government to prepare a plan to develop a natural gas discovery in the Bay of Bengal
  • The Wall Street Journal: BP Capital Markets, the funding unit of UK energy company BP, aims to raise $300 million from an offering of five-year debt
  • BP PLC: BP has awarded its top directors, including Bob Dudley, share bonuses worth hundreds of thousands of pounds under a long-term incentive plan
  • RT: BP will bring its technology to Russia’s Skolkovo hi-tech hub under a $14.6 million project that aims to improve oil refining in Russia and make it ecologically friendly

GlaxoSmithKline PLC

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  • Fox: The net profit of the Indian unit of GlaxoSmithKline rose to INR1.37 billion ($27.8 million) in the last quarter of 2011 from INR1.16 billion a year earlier
  • Fox: GlaxoSmithKline has submitted regulatory applications in Europe and the US related to Tykerb/ Tyverb (lapatinib) and its use in combination with trastuzumab to treat patients with HER2 (ErbB2)-positive metastatic breast cancer

HSBC Holdings PLC

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  • Bloomberg: The liquidator of Bernard Madoff’s firm has asked an appeals court to reinstate $30 billion of his claims against banks including HSBC and JPMorgan Chase

Lloyds Banking Group PLC

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  • Fox: Styles & Wood Group has signed a two year framework with Lloyds Banking Group expected to be worth in excess of £40 million in revenue

National Grid PLC

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  • Bloomberg: National Grid and Iberdrola SA awarded Siemens AG and Prysmian $1.6 billion contract to build an undersea link to transmit renewable power between England, Wales and Scotland

Reed Elsevier PLC

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  • Bloomberg: The underlying operating profit of Reed Elsevier rose 5% to £1.6 billion last year after new online product launches and a cost-cutting drive
  • RTTNews: Reed Elsevier Thursday announced that David Brennan has been appointed as a non-executive director of the company

Royal Dutch Shell Plc

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  • Bloomberg: JX Nippon Oil & Energy Corp, Japan's biggest refiner, agreed to buy about 3.4 million metric tonnes of liquefied natural gas over 17 years from Shell

Tullow Oil PLC

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