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View the article online at http://citywire.co.uk/wealth-manager/article/a721838

Citywire Top Stocks Daily News Digest

by Himanshu Singh on Dec 02, 2013 at 04:11

Citywire Top Stocks Daily News Digest

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

Barclays PLC

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  • The Daily Telegraph: Barclays Bank is backing the search for shale gas in Yorkshire and could fund fracking in the area as early as next year
  • Times of Zambia: Barclays Bank Zambia has urged other financial institutions in the country to play their part in ensuring that the economy grows and achieve Government‘s set macroeconomic objectives for 2014

BP PLC

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  • The Motley Fool: Even as it remains embroiled in an intense legal battle over its role in the 2010 Deepwater Horizon disaster, BP is quietly ramping up activity in the Gulf of Mexico
  • Financial Times: BP is expecting a surge in compensation payments over the 2010 Deepwater Horizon disaster, after a slowdown that has lasted almost two months

GKN PLC

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  • The Daily Telegraph: GKN is considering making a bid for two factories in Oklahoma that make wing parts for Boeing aircraft

GlaxoSmithKline PLC

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  • The Day: GlaxoSmithKline has joined other major pharmaceutical companies, including Pfizer, by announcing its intent to focus new attention on innovation centers including Cambridge, Mass.

Invensys PLC

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  • The Wall Street Journal: French electrical equipment company Schneider Electric SA has received European Union antitrust approval for its £3.4 billion ($5.6 billion) acquisition of Invensys

Lloyds Group PLC

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  • 4-traders: US hedge fund Cerberus has bought a £855 million book of commercial real estate loans from Lloyds Banking Group at a 21% discount to their nominal value

Rio Tinto PLC

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  • Financial Times: Rio Tinto is to shut an alumina refinery in Australia in a sign of the prolonged tough conditions facing the aluminium industry

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