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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

  • Reuters: The Spanish stock market regulator on Tuesday fined the Spanish arm of Barclays $775,600 for under-rating the risk of bonds it sold to clients in 2008
  • FINalternatives: Barclays will spin-off its Los Angeles-based trading operation at the end of the year, Absolute Return magazine reports

BG Group PLC

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  • The Age: Stuart Alfred Fysh, a former executive vice-president at British Gas (now BG Group), was convicted of two counts of insider trading relating to his purchase of Queensland Gas Company shares in December 2007

BP PLC

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  • Reuters: Rosneft will announce within days it has finalised a deal to buy half of domestic peer TNK-BP from AAR for $28 billion, several sources familiar with the situation said
  • The Voice of Russia: TNK-BP subsidiary Samotlorneftegaz has bought a major Russian oilfield Lodochnoye in the Krasnoyarsk region for $151.8 million at an auction

Diageo PLC

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  • Reuters: Diageo has pulled out of talks to buy a stake in top-selling tequila brand Jose Cuervo
  • Reuters: Shares in Diageo fell 1.6 pence from an all time high of 1,887 pence hit on Monday as the firm ended negotiations that had widely been expected to result in a deal to buy a stake in Jose Cuervo

GlaxoSmithKline PLC

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  • Fox Business: GlaxoSmithKline is planning a two-part, sterling-denominated bond issue, one of the banks running the deal said on Tuesday
  • Houston Business Journal: For the first time The University of Texas M.D. Anderson Cancer Center has partnered with GlaxoSmithKline in a deal that could bring in an estimated $335 million over the life of the agreement

HSBC Holdings PLC

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  • The Independent: Senior executives at HSBC are to reportedly defer a portion of any bonuses they are awarded for the next five years under the terms of a record €1.9 billion settlement with the US Department of Justice
  • Financial Times: HSBC will spend $700 million on a global “know your customer” programme, as part of a 26-point plan agreed with US regulators to settle money laundering and sanctions breaches
  • Financial Times: HSBC Global Asset Management has altered the business model of its exchange traded funds operations by adding a second official market maker who will help to improve the trading liquidity of its ETF range

Imagination Technologies Group PLC

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  • Jags Report: Deutsche Bank upgraded shares of Imagination Technologies Group to a ‘buy’ rating, with target price of $8.36 on the stock

Legal and General Group PLC

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  • Daily Political: Legal & General Group’s stock had its “hold” rating restated by analysts at Societe Generale; the stock has $2.32 price target

Lloyds Group PLC

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  • Reuters: Fitch Ratings has affirmed Lloyds Banking Group’s Long- and Short-term Issuer Default Ratings at 'A' and 'F1' respectively

Royal Dutch Shell Plc

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  • Bloomberg: GlassPoint Solar, which is building the first plant in the Middle East that will tap heat from the sun to coax heavy crude oil out of aging fields, obtained $26 million in funding from a group including Shell

Tate and Lyle PLC

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  • 4-traders: Tate & Lyle has signed an agreement with Nandi Proteins, a spin-out of Heriot-Watt University in Edinburgh, to develop an early-stage protein ingredient technology for use in the food texturants space

Tullow Oil PLC

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  • Financial Times: Tullow Oil is to pay up to $672 million to acquire Norwegian explorer Spring Energy

Unilever PLC

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  • Bloomberg: Unilever CEO Paul Polman said Europe is facing 10 years of economic stagnation while the US grapples with the rise of an “emerging poor” class dependent on government benefits

Vedanta Resources PLC

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  • The Hindu: IBM on Tuesday announced that Vedanta Resources has tied up with IBM to create an IT infrastructure for the resource planning system of their power business

Vodafone Group PLC

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  • The New Zealand Herald: Bank of New Zealand has renewed its contract with Vodafone and TelstaClear for another six years

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