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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

BP PLC

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  • The Daily Telegraph: BP reported a 96% plunge in profits to just $238 million for the second quarter
  • Reuters: BP plans to bring the largest of three crude distillation units at its Whiting, Indiana, refinery offline in the fourth quarter as part of a $4 billion upgrade project at the refinery
  • The Guardian: BP has set aside a further $847 million to pay for the Deepwater Horizon disaster, raising the potential cost to $38 billion

Centrica PLC

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  • Evening Mail: Centrica is one step closer to building a biomass power station in Barrow after the Planning Inspectorate said the energy company has met all its obligations

Devro PLC

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  • Reuters: Pretax profit of Devro rose to 20.2 million pounds ($31.70 million) for January-June from 19.1 million pounds a year earlier

First Quantum Minerals PLC

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  • Reuters: Canada's First Quantum Minerals has applied for environmental approval for its planned Zambian smelter that is expected to produce 300,000 tonnes of copper a year

GKN PLC

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  • The Daily Telegraph: GKN said sales rose 16% to £3.3 billion in the first half of 2012 with pre-tax profits up 43% to £289 million

GlaxoSmithKline PLC

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  • MarketWatch: GlaxoSmithKline has begun shipping the first lots of 2012-2013 FluLaval (Influenza virus vaccine) and Fluarix (Influenza Virus Vaccine) to CDC distribution centers and US healthcare providers

HSBC Holdings PLC

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  • Financial Times: KDB Financial Group has ended talks to buy HSBC’s retail operations in South Korea because of differences over employment conditions
  • The Wall Street Journal: HSBC said its subsidiary HSBC Europe (Netherlands BV) has sold its 100% interest in its Hungarian subsidiary, HSBC Credit Zrt, to Central-Fund Kockazati T kealap for an undisclosed sum

ITV PLC

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  • Daily Mail: No Olympics coverage means ITV will suffer death by 1,000 cuts over the next few weeks, and some analysts are taking that as their cue to dump the broadcaster’s stock

Premier Oil PLC

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  • BBC: Premier Oil contracts have created 350 jobs at Fife firm Burntisland Fabrications

Rotork PLC

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  • Daily Mail: Half-year pretax profits at Rotork rose 17% to £58.1 million and its order book rose 13% to a record high of £177.7 million

Royal Dutch Shell Plc

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  • Bloomberg: Shell Oil is downsizing its plan for off-shore drilling in the Arctic this year amid delays completing a spill containment barge required by the federal government
  • Reuters: State oil company Nigerian National Petroleum Corp and a local company bought an onshore oil block operated Shell on Tuesday
  • Bloomberg: OAO Rosneft, Russia’s largest oil producer, sold four cargoes of 100,000 metric tons each of Primorsk Urals crude to Shell and Vitol Group

Unilever PLC

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  • CNBC: Unilever is selling its North American frozen meals business which includes licensing rights to the Bertolli and PF Chang's brands to ConAgra Foods for $265 million
  • Tristate: Unilever will hand out pink slips to nearly 140 full-time employees at its plant in Daviess County in the US
  • Fox: Unilever said on Tuesday it has priced a $1 billion bond on the US market which it will use for general corporate purposes

Weir Group PLC

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  • Daily Mail: Weir Group reported 27% increase in half year profits to £226 million and an 11% hike in the dividend to 8 pence

Xstrata PLC

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  • Fox: Xstrata Tuesday said mined copper output dropped 18% on year to 354,612 metric tons while consolidated coal production rose 13% to 43.4 million tons in the first half
  • Reuters: Xstrata will boost copper production in Australia by 140,000 tonnes over the next five years from Mount Margaret mine, which will also yield more than a half-million tonnes of iron ore

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