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View the article online at http://citywire.co.uk/wealth-manager/article/a723902

Citywire Top Stocks Daily News Digest

by Himanshu Singh on Dec 11, 2013 at 05:23

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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  • Bloomberg: Puerto Rico tapped its Government Development Bank to repay a $400 million short-term loan with Barclays that was due 1 December, sources said
  • The Guardian: Barclays is preparing to ditch its controversial sponsorship deal for Boris Johnson's flagship bicycle hire scheme, delivering only half the £50 million the London mayor had claimed the bank would pay

BP PLC

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  • ABC News: A federal judge agreed on Tuesday to dismiss some of the manslaughter charges against two BP supervisors in the deaths of 11 workers when the Deepwater Horizon drilling rig exploded in the Gulf of Mexico

Drax Group PLC

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  • 4-traders: Drax is set to become the UK's largest single renewable electricity generator through the operation of the new biomass facilities being launched on the site on Tuesday

easyJet PLC

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  • Bloomberg: Standard Life Investments’ Thomas Moore is increasing stakes in companies from low-cost airline EasyJet to recruitment manager Staffline Group as the Office for Budget Responsibility predicts that 2014 will witness the fastest economic growth since 2007

GlaxoSmithKline PLC

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  • 4-traders: GlaxoSmithKline is to invest another $330 million on advanced manufacturing in Britain, the company said, underlining the draw of a tax break designed to encourage research and development
  • AP: Utah will receive $8.5 million from GlaxoSmithKline which has been accused of making misleading claims about a new drug for diabetes
  • 4-traders: GlaxoSmithKline on Tuesday purchased 692,000 of its Ordinary Shares of 25 pence each

HSBC Holdings PLC

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  • Reuters: HSBC said on Tuesday it had agreed to sell its 8% stake in Bank of Shanghai to Banco Santander, as part of its plan to sell off non-core assets

International Consolidated Airlines Group SA

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  • Reuters: HSBC said on Tuesday it had agreed to sell its 8% stake in Bank of Shanghai to Banco Santander, as part of its plan to sell off non-core assets

ITV PLC

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  • The Guardian: ITV has sold its remaining stake in Scottish broadcaster STV for £7.5 million, bringing to an end a shareholder relationship dating back to the 1990s

Lloyds Group PLC

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  • Barclays PLC
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  • BP PLC
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  • Drax Group PLC
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  • easyJet plc
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  • GlaxoSmithKline PLC
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  • HSBC Holdings PLC
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  • International Consolidated Airlines Group SA
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  • ITV PLC
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  • Lloyds Banking Group PLC
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  • Unilever PLC
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