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Citywire Top Stocks Daily News Digest
Markets
by Himanshu Singh on Mar 04, 2013 at 03:15
All the news from across the web about the companies featured in Citywire's Top Stocks
AstraZeneca PLC
- The Insurance Insider: Ace Bermuda and XL Insurance have won a preliminary victory in a landmark case against AstraZeneca over up to $200 million in claims relating to the anti-psychotic drug Seroquel
Barclays PLC
- Times of Oman: Barclays, which is cutting 3,700 jobs as it reduces costs by $2.6 billion a year, said it plans further expansion in the Middle East and North Africa on rising demand for wealth management and investment banking services
BP PLC
- The Moscow Times: BP CEO Bob Dudley was offered a seat on the board of directors of Rosneft, in which BP is soon to raise its stake, a decree signed by Prime Minister Dmitry Medvedev on Friday states
- Daily Mail: BP is likely to be told on Friday that the deal to sell its half of the Russian joint venture TNK-BP to oil company Rosneft has been cleared by EU competition authorities
- Bloomberg: BP won an appeals court ruling giving it access to $750 million in Transocean Ltd’s insurance to pay costs from the 2010 Gulf of Mexico oil spill
easyJet PLC
- Bloomberg: EasyJet is set to ascend to the FTSE 100 Index, joining British Airways on the UK benchmark and confounding senior shareholder Stelios Haji-Ioannou’s opposition to its expansion strategy
HSBC Holdings PLC
- MarketWatch: HSBC Holdings is due to post a 2012 pre-tax profit of $23.4 billion, just short of its record $24 billion posted in 2007
- Fox Business: HSBC and Standard Chartered will report a reduction in their bonus pools, reflecting separate settlements with US authorities over probes into money laundering and sanctions violations, Sky News reported on Sunday
Lloyds Group PLC
- BBC: Lloyds Banking Group has narrowed its pre-tax losses for 2012 to £570 million, from £3.5 billion the previous year
Rio Tinto PLC
- The Australian: Rio Tinto has put up for sale its iron ore operations in Canada, which could fetch more than $1.7 billion
- Mining.com: Rio Tinto's uranium unit in Namibia will cut 276 jobs following losses on reduced demand for the metal since the 2011 Japanese tsunami
Royal Dutch Shell Plc
- Bloomberg: Ophir Energy is turning into a takeover target for producers including Shell as its limited cash hampers the ability to develop finds on its own
Tullow Oil PLC
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- AstraZeneca PLC
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- Royal Dutch Shell PLC
- Tullow Oil PLC
- Xstrata PLC
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