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 announced a $2.3 billion charge to cover costs of reducing its headcount by more than 5,000 by 2016, and expressed confidence it could “significantly” beat consensus forecasts of revenues of $21.5 billion in 2018
• Fox Business: AstraZeneca on Thursday announce an exclusive agreement with Moderna Therapeutics to discover, develop and commercialise pioneering messenger RNA therapeutics (TM) for the treatment of serious cardiovascular, metabolic and renal diseases as well as cancer

BP PLC

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• The Guardian: Rosneft has taken over TNK-BP in a $55 billion deal that will make the Russian state-owned oil company by far the world's largest listed oil producer
• Financial Times: Rosneft, the Kremlin-controlled oil company, said it would work with BP in a series of big projects in Russia’s Arctic, opening up a new chapter in BP’s often tempestuous relationship with Russia

GlaxoSmithKline PLC

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• Yahoo! News: The effectiveness of an experimental malaria vaccine developed by GlaxoSmithKline wanes over time, with the shot protecting only 16.8% of children over four years, according to trial data

ITV PLC

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• The Independent: ITV chief executive Adam Crozier's annual pay jumped to £1.8 million from £1.5 million after a third year of rising profits under his leadership
• City AM: ITV has seen profits rise from £327 million to £348 million in the year ended 31 December

Next PLC

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• The Independent: Next posted 9% hike in pre-tax profits to £621.6 million over the year to 26 January, driven by a stunning performance from its 26-year-old catalogue business
• Daily Political: Next Plc’s stock had its ‘equal weight’ rating reiterated by equities research analysts at Morgan Stanley in a research note issued to investors on Thursday

Royal Dutch Shell Plc

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• The Daily Telegraph: Shell owes Iran $2.3 billion for oil purchases made before sweeping sanctions were imposed on the country last year
• Environmental Leader: Chevron, Shell and other natural gas companies and environmental groups have formed a new center that will set standards for drilling by hydraulic fracturing in the Appalachian Basin
• Fox Business: Crude differentials of key Bonny Light grade are set to fall after Shell said Thursday that it lifted its force majeure on Bonny Light crude earlier this week, traders said
• Bloomberg: Shell amended a clause to its contract for trading North Sea crudes to match changes made by Platts, the publisher of the Dated Brent benchmark that is used to price more than half the world’s oil

Weir Group PLC

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• Daily Political: Weir Group’s stock had its ‘buy’ rating reaffirmed by Deutsche Bank in a research note issued on Thursday