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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

AstraZeneca PLC

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  • Business Journal: AstraZeneca has formally notified Targacept that it will dissolve its collaboration and license agreement for the anti-depression drug TC-5214 that they had been working on together

Barclays PLC

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  • Daily Telegraph: Barclays has formed a $250 million strategic partnership with Qatar Asset Management Company to invest in natural resource projects across the world

BP PLC

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  • The Guardian: BP is planning to start three new oil drilling rigs in the Gulf of Mexico this year
  • Fox Business: The senior BP executive accused of taking cash payments in return for giving sweetened tanker chartering terms has been suspended pending the outcome of an inquiry

Centrica PLC

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  • Financial: The transaction following Statoil’s divestment and exit from several licenses on the Norwegian Continental Shelf in November last year is now closed; StatOil said the buyer was Centrica and the consideration was $1.525 billion

HSBC Holdings PLC

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  • Stockmarketwire: HSBC's board has declared a first interim dividend of $0.09 per ordinary share for the year ending 31 December 2012; the dividend is payable on 5 July

Hunting PLC

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  • RTTNews: Hunting has announced completion of the sale of Hunting Canadian Airport Holdings, and its subsidiaries including Field Aviation for a consideration of 7.5 million pounds to Amavco

Lloyds Banking Group PLC

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  • Financial Times: Lloyds is poised to increase its £3.2 billion provision to cover loan insurance claims last year in the latest sign of the rapidly rising mis-selling costs facing lenders
  • The Guardian: Lloyds Banking Group is expected to announce on Tuesday that it has edged back into profit in the first quarter of 2012
  • The Daily Telegraph: Profits at Lloyds are forecast to fall 16% next year as the banks face higher funding costs, as a result of their downgrades by Moody's
  • The Independent: Lloyds is understood to have received an initial multi-billion-pound bid approach for Scottish Widows, its life assurance, pensions and savings business

Royal Dutch Shell Plc

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  • O&G Journal: Shell announced plans for one of its subsidiaries to buy Cove Energy for $1.81 billion in a transaction marking Shell's entry into Mozambique and Kenya
  • O&G Journal: Shell has let a $30 million contract to Rolls-Royce to supply two industrial RB211 gas turbines to boost gas output from Malampaya deepwater natural gas field offshore the Philippines
  • Reuters: Shell and Iogen Corp have scrapped plans for a commercial-scale biofuel plant in Manitoba, spelling the loss of 150 jobs
  • Reuters: Shell had an operational upset on Monday at its 75,000 barrel per day refinery at Sarnia, Ontario

Unilever PLC

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  • Fox Business: PT Unilever Indonesia on Monday reported that its first quarter net profit rose by 18% from a year earlier to $126 million

Vodafone Group PLC

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  • Economic Times: Vodafone has approached the Indian finance ministry to discuss a possible settlement, in which the government might agree to waive the penalty and interest amount of about $1.5 billion, reducing the company's tax liability to $2.27 billion

Weir Group Plc

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  • Sharecast: Weir Group on Monday announced the launch of new products by its Oil and Gas division which are expected to expand its addressable market by over $500 million

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