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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Mar 19, 2013 at 04:14

Citywire Top Stocks Daily News Digest

All the news from across the web about the companies featured in Citywire's Top Stocks

AstraZeneca PLC

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  • Financial Times: AstraZeneca will cut 1,600 jobs - most of them in the UK and US
  • The Daily Telegraph: AstraZeneca is to invest $500 million to build new headquarters in Cambridge

BP PLC

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  • Bloomberg: BP lost an effort to eliminate the possibility of a finding of gross negligence that might trigger fines as much as $17.6 billion in the trial over the 2010 Gulf of Mexico oil spill
  • Reuters: BP and Shell on Monday assessed changes announced by oil pricing agency Platts to the way it assesses the Brent oil market, and had yet to decide on any endorsement of the new terms
  • RT: Following the company’s sale to Russian oil giant Rosneft, TNK-BP’s top managers will join an international holding for investments in the oil, gas and telecom sectors, which is currently being created by the Alpha Group

BT Group PLC

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  • 4-traders: The £16.2 million deal between Northamptonshire County Council in the UK and BT is set to make fast and affordable fibre broadband available to Northamptonshire homes and businesses by the end of 2015
  • Fox Business: BT Group has purchased 424,000 ordinary shares through JP Morgan Securities at a price of 269.9702 pence per share

easyJet PLC

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  • The Guardian: British ministers have welcomed the introduction of low-cost flights between London and Moscow as a boost to trade and investment, as the first easyJet service for the Russian capital departed on Monday

Experian PLC

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  • RFP Connect: Experian has partnered with KPN to deliver its leading Hunter anti-fraud system and significantly reduce fraud at point of application within the first six months of operation

HSBC Holdings PLC

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  • Fox Business: Argentina's government said on Monday that it has filed charges against the local subsidiary of British bank HSBC Holdings, accusing the company of helping third parties to engage in tax evasion and money laundering for $121 million
  • Fox Business: HSBC Holdings said on Monday that its unit HSBC Retail Services has entered into an agreement to sell its consumer Private Label Credit Card Portfolio to TD Financing Services, a wholly-owned subsidiary of The Toronto-Dominion Bank

Lloyds Group PLC

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  • The Independent: Cala, the upmarket housebuilder, has been sold to private equity buyers, Legal & General and Patron Capital Partners, by Lloyds Banking Group for £210 million

National Grid PLC

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  • IFA Magazine: JP Morgan Cazenove has upgraded its recommendation for National Grid from 'underweight' to 'neutral', saying it is now the lowest risk stock in the UK utilities sector

Prudential PLC

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  • easyJet plc
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