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by Himanshu Singh on Feb 27, 2013 at 04:45
- Jags Report: Legal & General Group had its price target upped by JPMorgan Chase from $1.85 to $2.18 in a research report released on Tuesday
Lloyds Group PLC
- Financial Times: The Co-operative Bank is facing a capital hole of up to £1 billion, equivalent to half its capital, which is further undermining the lender’s planned acquisition of more than 600 Lloyds Banking Group branches
- The Daily Telegraph: Nearly 1.4 million complaints were made to Lloyds Banking Group during 2012 about payment protection insurance, figures released on Tuesday showed
Micro Focus International PLC
- Daily Political: Credit Suisse boosted price target on shares of Micro Focus International from $9.67 to $11.52 in a research report issued to clients and investors on Tuesday
Next PLC
- Jags Report: Next had its price target raised by Nomura from $59.14 to $67.48 in a research note released on Tuesday
Rio Tinto PLC
- Financial Times: Rio Tinto has been put on notice for a possible credit rating downgrade because of concerns over rising debts
- Economic Times: Rio Tinto has said that it would not shut down its 2.75 million tonne Gove alumina refinery in India
Royal Dutch Shell Plc
- Financial Times: Repsol, the Spanish oil company, has sold a collection of liquefied natural gas assets to Shell for an enterprise value of $6.7 billion
- Houston Business Journal: LNG Canada Development Inc, a Shell-led consortium, has gained regulators’ approval for a liquefied natural gas export facility in British Columbia, Cananda
Unilever PLC
- The Express Tribune: Net revenue of Unilever Pakistan for the financial year ending 31 December 2012 stood at $608.1 million, up 15%
- Ad Age: Unilever has struck global partnerships with Samsung, Sony’s Arcade Creative Group and EA Sports as the packaged-goods giant looks to expand its universe of deals on the heels of a nearly 40% increase in digital spending last year
Xstrata PLC
- Mining Australia: Xstrata said successful commissioning of the Ravensworth North, Ulan West and Ulan open cut projects had helped it boost thermal coal production 7% higher to a record 90.4 million tonnes in the year to 21 December
- Dominican Today: Xstrata Nickel has denied $100 million tax dodge at a Dominican mine
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