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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Mar 08, 2013 at 04:13

  • Financial Times: Paul Milsom, 45, a former equities sales trader at the investment arm of Legal & General, has been jailed for two years in the first sentence to come out of the Financial Services Authority’s biggest insider dealing investigation to date

Rio Tinto PLC

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  • Reuters: Mozambican tribal queen Zoria Macajo has stood up against Rio Tinto over Capanga land, which contains one of the world's largest untapped coal reserves
  • Bloomberg: Mongolia will ease limits on foreign investment that requires parliamentary approval even as it restricts overseas ownership in industries such as mining amid a dispute with Rio Tinto
  • China Daily: Rio Tinto expects iron ore prices to drop 50% in 18 months

Royal Dutch Shell Plc

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  • Al Arabia: Shell is set to pull out soon from a joint venture that has searched for gas in Saudi Arabia's Empty Quarter for years, due to disagreements with the government over terms, four industry sources familiar with the matter said
  • Wall Street Journal: Shell said it may be less than two years away from a major advance in shale gas production in China

Virgin Media INC

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  • Bloomberg: Virgin Media CEO Neil Berkett, who is overseeing his company’s buyout by Liberty Global, will walk away with $86.8 million when he leaves his post once the deal is completed

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