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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Dec 06, 2013 at 03:52

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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  • Reuters: Barclays paved the way for other European banks looking to raise Additional Tier 1 in the single currency this week when it priced a heavily oversubscribed EUR1billion perpetual non-call seven-year issue

BP PLC

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  • ABC News: BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions
  • Bloomberg: ConocoPhillips and BP are among companies that have relocated offshore oil workers to the mainland as production is crimped by a storm that is sweeping across the North Atlantic and North Sea

Drax Group PLC

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  • Nasdaq: Drax Group rose 1.6% on Thursday after JP Morgan Cazenove lifted the utility firm to overweight from neutral
  • Zolmax News: Stock analysts at UBS AG hoisted their target price on shares of Drax Group from $13.83 to $15.06 in a report issued on Thursday

DS Smith PLC

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  • StockMarketWire: DS Smith's H1 pretax profit rose 52% to £85 million, from £55.8 million; revenue for the period was £2.08 billion, up 25% from £1.67 billion

easyJet PLC

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  • Financial Times: Carolyn McCall, chief executive of easyJet, is set to take home a pay packet of £6.4 million, up 74% on last year, after a year in which the low-cost airline made record profits
  • Daily Mail: EasyJet founder Sir Stelios Haji-Ioannou has launched a blistering attack on the bosses of the budget airline for pocketing huge pay rises

Essentra PLC

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  • WKRB News & Analysis: Analysts at JP Morgan Chase & Co raised their target price on shares of Essentra from $12.77 to $13.87 in a research report issued to clients and investors on Thursday

HSBC Holdings PLC

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  • WKRB News & Analysis: Analysts at JP Morgan Chase & Co raised their target price on shares of Essentra from $12.77 to $13.87 in a research report issued to clients and investors on Thursday

Prudential PLC

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  • Financial Times: Prudential is to begin selling insurance in Africa for the first time after agreeing to purchase a Ghanaian group that provides protection to individuals who live on less than $2.50 a day

Royal Dutch Shell Plc

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  • Barclays PLC
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  • BP PLC
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  • Drax Group PLC
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  • DS Smith PLC
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  • easyJet plc
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  • Essentra PLC
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  • HSBC Holdings PLC
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  • Prudential PLC
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  • Royal Dutch Shell PLC
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