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Citywire Top Stocks Daily News Digest

Citywire Top Stocks Daily News Digest

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

Barclays PLC

BARC.L share fact sheetEmail alertsPortfolio

  • Today Online: Moody's has warned it may cut the credit ratings of 17 global and 114 European financial institutions, including Barclays’
  • Irish Times: Barclays has introduced an app called PingIt, using which customers can send up to £300 daily to another person knowing only their mobile number and as long as the receiver’s bank details are registered with ‘PingIt’


BP.L share fact sheetEmail alertsPortfolio

  • Bloomberg: Reliance Industries and partner BP have won approval from India’s government to prepare a plan to develop a natural gas discovery in the Bay of Bengal
  • The Wall Street Journal: BP Capital Markets, the funding unit of UK energy company BP, aims to raise $300 million from an offering of five-year debt
  • BP PLC: BP has awarded its top directors, including Bob Dudley, share bonuses worth hundreds of thousands of pounds under a long-term incentive plan
  • RT: BP will bring its technology to Russia’s Skolkovo hi-tech hub under a $14.6 million project that aims to improve oil refining in Russia and make it ecologically friendly

GlaxoSmithKline PLC

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  • Fox: The net profit of the Indian unit of GlaxoSmithKline rose to INR1.37 billion ($27.8 million) in the last quarter of 2011 from INR1.16 billion a year earlier
  • Fox: GlaxoSmithKline has submitted regulatory applications in Europe and the US related to Tykerb/ Tyverb (lapatinib) and its use in combination with trastuzumab to treat patients with HER2 (ErbB2)-positive metastatic breast cancer

HSBC Holdings PLC

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  • Bloomberg: The liquidator of Bernard Madoff’s firm has asked an appeals court to reinstate $30 billion of his claims against banks including HSBC and JPMorgan Chase

Lloyds Banking Group PLC

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  • Fox: Styles & Wood Group has signed a two year framework with Lloyds Banking Group expected to be worth in excess of £40 million in revenue

National Grid PLC

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  • Bloomberg: National Grid and Iberdrola SA awarded Siemens AG and Prysmian $1.6 billion contract to build an undersea link to transmit renewable power between England, Wales and Scotland

Reed Elsevier PLC

REL.L share fact sheetEmail alertsPortfolio

  • Bloomberg: The underlying operating profit of Reed Elsevier rose 5% to £1.6 billion last year after new online product launches and a cost-cutting drive
  • RTTNews: Reed Elsevier Thursday announced that David Brennan has been appointed as a non-executive director of the company

Royal Dutch Shell Plc

RDSa.L share fact sheetEmail alertsPortfolio

  • Bloomberg: JX Nippon Oil & Energy Corp, Japan's biggest refiner, agreed to buy about 3.4 million metric tonnes of liquefied natural gas over 17 years from Shell

Tullow Oil PLC

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  • Bloomberg: Tullow Oil, the UK explorer that unlocked billions of barrels in frontiers from Uganda to French Guiana, wants to repeat those landmark finds drilling onshore East Africa as peers target natural gas offshore

Unilever PLC

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  • Himalayan Times: Unilever Nepal resumed operations from Thursday following a 11-day long wage dispute between workers and the management
  • The Guardian: Workers at Unilever's UK operations are to vote on proposals by the consumer goods group to resolve an industrial dispute over pension changes

Weir Group Plc

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  • The Daily Telegraph: Weir Group is facing a battle to acquire Ludowici after Danish group FLSmidth trumped its bid and increased its offer from A$7.20 a share to A$10
  • The Wall Street Journal: Weir Group Thursday reported the issuance of $1 billion of senior unsecured fixed rate notes at an average interest rate of 4.16%

Xstrata PLC

XTA.L share fact sheetEmail alertsPortfolio

  • The Wall Street Journal: As mining giants Xstrata and Glencore aim to pull off an industry-redefining merger, the deal's fate depends largely on one investor, BlackRock Inc, which has 5.8% stake in Xstrata
  • Mining Weekly: Xstrata has completed the sale of two Mpumalanga collieries to black economic-empowered group Imbawula, for an undisclosed amount

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