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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Jan 31, 2014 at 03:19

Citywire Top Stocks Daily News Digest

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

HSBC Holdings PLC

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  • Bloomberg: The UK has chosen HSBC Holdings to arrange and advise on its debut Islamic bond planned for as early as this year in an effort to become the first non-Muslim nation to sell the debt, a Treasury official said
  • Reuters: A trader may have lost about $662,100 in under 30 seconds on Thursday after causing a 10% spike in the shares of HSBC, which traders blamed on human error - a "fat finger" trade

Lloyds Group PLC

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  • Ticker Report: Lloyds Banking Group’s shares had their “neutral” rating reaffirmed by Credit Suisse in a research note issued on Thursday, with a $1.12 target price on the stock

Mitchells & Butlers PLC

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  • Financial Times: Mitchells & Butlers posted like-for-like sales growth of 2% for the 17 weeks to 25 January, although this performance was flattered by poor weather in the corresponding period last year and still lags behind the rest of the sector

Rio Tinto PLC

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  • The Land: Australia’s NSW Planning Assessment Commision has approved an extension of Rio Tinto’s Warkworth open cut coal mine in the Upper Hunter Valley

Royal Dutch Shell Plc

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  • Financial Times: Shell is to suspend its controversial drilling in Arctic waters off Alaska as part of a multibillion-dollar scaling back of spending on new projects under Ben van Beurden, chief executive

Travis Perkins PLC

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  • Builders Merchant Journal: Travis Perkins finance director Tony Buffin said the company has built up its cash reserves to £139.1 million in the 12 months to December 2012, from £62.9 million two years earlier

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  • Mitchells & Butlers PLC
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  • Rio Tinto PLC
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