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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

Afren PLC

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  • RTT News: Afren on Wednesday announced it commenced oil production from its Okoro Field Extension, offshore south east Nigeria

Barclays PLC

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  • The Daily Telegraph: Barclays has been ordered to pay a $470 million in fines and other penalties by the US energy regulatory after being found to have manipulated the American electricity market
  • Financial Times: Barclays generated a quarterly pre-tax loss of £47 million in the third quarter, down from a profit of £2.42 billion a year earlier

BG Group PLC

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  • The Daily Telegraph: BG Group suffered the biggest one-day share price fall in its history on Wednesday, wiping about £6 billion off the value of the company, after warning it would see no growth in its oil and gas production next year
  • The Australian: BG Group says it will sell interests in its Queensland Curtis liquefied natural gas project in Australia to China's CNOOC for $1.93 billion

BP PLC

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  • Fox Business: BP is about to start a major project at its refinery in Whiting, the US, that will temporarily reduce output at the 405,000-barrel-a-day refinery by half
  • Reuters: Russia’s Rosneft, in the process of buying smaller rival TNK-BP, has no obligation towards minority shareholders in TNK-BP's listed unit, Rosneft Chief Executive Igor Sechin has said

GlaxoSmithKline PLC

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  • AFP: GlaxoSmithKline said on Wednesday that third-quarter net profits fell 18.5% from a year earlier to $1.80 billion, hit by weak conditions in Europe
  • The Guardian: GlaxoSmithKline boss Sir Andrew Witty has said pharmaceutical companies could scale back on innovation and decamp to Asia or the US if European governments continued to impose drug pricing cuts as part of austerity programmes

Lloyds Group PLC

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  • Reuters: Lloyds Banking Group is expected to say the cost of compensating customers mis-sold loan insurance will be far higher than previously thought when it reports third-quarter results on Thursday
  • Independent.ie: Four bidders have been shortlisted as potential buyers of €2.2 billion of "non-performing" Irish property loans being sold by Lloyds Banking Group

Royal Dutch Shell Plc

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  • Washington Post: Shell completed its drilling season off the Arctic coast of Alaska Wednesday, falling short of its original goal of drilling as many as six exploration wells
  • Business Day: Shell is yet to pay a total of $946.878 million to the Nigerian government made from gas sales from the Bonga oil field

Weir Group PLC

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  • StockMarketWire: Societe Generale initiates sell on Weir Group, target price 1635 pence

Xstrata PLC

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  • Reuters: Commodities trader Glencore has offered to end an exclusive zinc sales deal and sell its minority stake in world No. 1 producer Nyrstar to win EU approval for its $33 billion takeover of Xstrata, a source said on Wednesday
  • Bloomberg: Glencore International offered unspecified concessions to European Union antitrust regulators examining its $33 billion takeover bid for Xstrata

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Manchester wealth firm hires Coutts director for London launch

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