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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Feb 14, 2014 at 04:20

Citywire Top Stocks Daily News Digest

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

BP PLC

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  • Reuters: A US appeals court on Thursday revived a shareholder lawsuit against BP over statements the company made in the wake of a 2006 oil spill in Alaska
  • Bloomberg: BP declared force majeure on exports of Angolan Plutonio crude after a Marlin fish damaged a hose connected to the floating, production, storage and offloading facility
  • Reuters: Output at BP-led oilfields in Azerbaijan fell 2.2% in 2013 while gas output from the Shah Deniz field rose, BP-Azerbaijan said on Thursday
  • Bloomberg: BP dropped plans to invest in a refinery in China and “dismantled” a team assigned to the project late last month, said the International Energy Agency

easyJet PLC

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  • The Guardian: Large institutional investors have ensured the safe passage of a £6.5 million pay package for EasyJet chief executive Carolyn McCall

Glencore Xstrata PLC

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  • American Metal Market: Glencore Xstrata Plc's warehousing arm, Pacorini Metals AG, has delisted 14 warehouses in Vlissingen, the Netherlands

Lloyds Group PLC

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  • The Daily Telegraph: Lloyds confirms its chief executive Antonio Horta-Osorio will accept £1.7 million in shares as the taxpayer-backed lender reports pre-tax profit of £415 million

Rio Tinto PLC

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  • Financial Times: Rio Tinto is boosting its dividend by 15% after it made $3.7 billion of net income last year, marking a revival of fortunes for the Anglo-Australian mining group
  • Wall Street Journal: Rio Tinto’s chief executive said Thursday the company didn't need to sell its Canadian iron ore business, although he indicated the miner would still be willing to shed the asset at an attractive price
  • Reuters: Rio Tinto's iron ore business is getting a boost from China's moves to modernize its steel industry to cut down on pollution, its chief executive said

Royal Dutch Shell Plc

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  • The Guardian: Shell is to sell off three oil and gas producing assets in the North Sea as the new chief executive's divestment gathers pace
  • Reuters: Shell said on Thursday it resumed commercial service on its Houston-to-Houma (Ho-Ho) pipeline after it completed planned maintenance work

Vodafone Group PLC

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  • Reuters: Indian mobile phone market leaders Bharti Airtel and Vodafone bought airwaves worth about $3 billion each in a hotly contested auction that raised nearly $10 billion, far exceeding the government's target
  • Financial Times: Vodafone said it would drop Deloitte as its auditor and replace it with its rival PwC following the completion of the audit for the year ending March 2014
  • Scoop: Vodafone New Zealand and network specialist Ciena® Corporation have completed a successful field trial of 400Gb/s data transmission over an existing optical link carrying live network traffic
  • Wall Street Journal: India's government will approach the cabinet to reconsider a plan to hold talks with Vodafone, to try and resolve a long-pending tax dispute with the UK mobile giant
  • Business Standard: Vodafone and television network Star India have entered strategic partnership to create the multi-sports offering, ‘Vodafone Sports’ portal on Vodafone Live

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