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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

  • Financial Times: Barclays has been blocked from implementing two “highly abusive” tax schemes that could have cost the Treasury £500 million
  • Bloomberg: Barclays and Evercore Partners may split as much as $22 million in fees for advising Kinder Morgan on the $7.15 billion sale of El Paso’s oil-exploration business

BG Group PLC

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  • LiveMint: GVK Power and Infrastructure, which needs to raise $1.1 billion, is said to be in talks with BG Group to sell a part of its stake in seven oil and gas blocks off India’s west coast

BP PLC

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  • The Daily Telegraph: BP is reported to be close to agreeing a $14 billion settlement with the thousands of businesses and individuals over the Gulf of Mexico oil spill
  • BP PLC: Linn Energy LLC is buying natural gas properties in southwest Kansas from BP America for $1.2 billion
  • MarketWatch: BP shares advanced 1.2% on Monday as the company negotiated possible payments to businesses and property owners damaged by the Gulf of Mexico accident
  • MarketWatch: BP shares advanced 1.2% on Monday as the company negotiated possible payments to businesses and property owners damaged by the Gulf of Mexico accident

Centrica PLC

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  • Fox Business: Centrica has planned an investors conference call ahead of a potential sterling-denominated bond

Cookson Group PLC

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  • The Daily Telegraph: Cookson has unveiled an 11.7% increase in full-year profits to £211.6 million, sending its shares 3.5% higher to 694 pence

GlaxoSmithKline PLC

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  • MarketWatch: Angiochem has announced a global collaboration with GlaxoSmithKline to discover, develop and commercialise treatments for lysosomal storage diseases

HSBC Holdings PLC

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  • The Independent: HSBC on Monday reported the largest profit made by any bank in the Western world in 2011 with a 15% rise to $21.9 billion
  • The Independent: Senior UK ‘code staff’ at HSBC received $1.2 million in salaries and bonuses last year while similar positions overseas were given $2.3 million
  • Financial Times: HSBC fell short of a goal to provide £12.9 billion of loans to small and medium-sized enterprises in the UK last year, blaming muted demand from these borrowers

Lloyds Banking Group PLC

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  • Financial Times: Glen Moreno has resigned as deputy chairman of Lloyds Banking Group, adding further to the disruption at the part-nationalised lender
  • The Independent: The Lloyd's of London firm Hiscox has announced profits of £17.3 million, compared with £211.4 million last time, a fall of 92%
  • The Australian: Lloyds International, the Australian arm of British giant Lloyds Banking Group, has posted a $1.2 billion loss for 2011

National Grid PLC

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  • Buffalo Business First: National Grid and Ford Motor have unveiled a $2.7 million energy-efficiency project at Ford’s Buffalo Stamping Plant in Woodlawn in the US

Pearson PLC

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  • Financial Times: Pearson beat analysts’ expectations in 2011 with adjusted earnings per share of 86.5 pence; the group’s board has proposed 9% increase in the dividend to 42 pence

Premier Oil PLC

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  • Scotsman: Wood Group has announced a £250 million contract with Premier Oil which will see the firm provide operations and maintenance services to Premier’s floating oil platform

Reed Elsevier PLC

REL.L share fact sheetEmail alertsPortfolio

  • The Independent: Reed Elsevier has withdrawn its support for controversial legislation in the US that would restrict free access to research papers

Rio Tinto PLC

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  • Reuters: The Oyu Tolgoi copper-gold project in Mongolia is on track to begin initial production in the third quarter, Canada's Ivanhoe Mines, which is majority-owned by Rio Tinto, said

Royal Dutch Shell Plc

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  • The Seattle Times: Shell Oil plans to close its oil blending and packaging plant in Roxana, the US, where Shell began operations in 1918
  • Bloomberg: Shell and Total SA bought European gasoline barges at $1,094 to $1,095 a metric ton, the highest price in nine months

Vodafone Group PLC

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  • Reuters: Vodafone has offered to join forces with rival firms to share the $40 billion bill to build out new superfast fiber networks in Europe
  • Financial Times: Visa has announced a “worldwide partnership” with UK telecoms group Vodafone that will allow mobile phone customers to pay for goods and services using their handset

Weir Group Plc

WEIR.L share fact sheetEmail alertsPortfolio

  • SMH: FLSmidth can go ahead with a $324 million bid for Ludowici, Australia's Takeovers Panel Monday ruled, dealing a blow to rival bidder Weir Group

Xstrata PLC

XTA.L share fact sheetEmail alertsPortfolio

  • Bloomberg: Xstrata received unanimous consent from lenders to waive a so-called change-of-control provision on its $6 billion revolving credit facility

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