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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Feb 26, 2013 at 03:08

  • Daily Political: National Grid’s stock had its ‘outperform’ rating restated by equities researchers at Credit Suisse; a target price of $11.63 has been fixed on the stock

Rio Tinto PLC

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  • Fox Business: Rio Tinto faces losing its single-A credit rating if iron ore prices slide from current levels or if the mining company doesn't sell off assets, Standard & Poor's Ratings Services has warned

Royal Dutch Shell Plc

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  • Fox Business: Spain's Repsol SA may announce this week the sale of several of its liquefied natural gas assets to Shell for a total between €1.50 billion and €1.7 billion
  • Reuters: US federal prosecutors have been asked to take legal action over safety and environmental violations discovered on one of two drillships Shell used last year in Arctic waters off Alaska, officials said on Monday
  • Economic Times: The share transaction between Shell India and its global parent can be scrutinised by the Indian income-tax department for violation of transfer pricing rules, tax experts say
  • Daily News Egypt: Shell Egypt has signed a partnership agreement with Nile Petroleum, identifying the latter as the primary distributor of Shell marine lubricants in Egypt, to serve ships passing through the Suez Canal
  • AME Info: Qatar Shell has partnered with Qatar Development Bank to open the doors for local Small to Medium Enterprises (SMEs) to supply contracts for Shell businesses in Qatar

Weir Group PLC

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  • Daily Political: Weir Group’s stock had its ‘buy’ rating reiterated by UBS AG; a $34.75 target price has been fixed on the stock

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