All the news from across the web about the companies featured in Citywire's Top Stocks
Barclays PLC
- Financial Times: Hector Sants will join Barclays as head of its newly centralised compliance and government relations functions
BG Group PLC
- Latin American Herald Tribune: Honduras’ government has signed a memorandum of understanding with BG Group covering oil and gas exploration in the northeastern jungle region of La Mosquitia, which borders Nicaragua
BP PLC
- Reuters: Rosneft has finalised a deal to buy half of TNK-BP for $28 billion
- Bloomberg: BP’s guilty plea in the 2010 deaths of 11 crew members of the Deepwater Horizon drilling rig in the Gulf of Mexico will be considered by a federal judge in New Orleans on 29 January
- Bloomberg: BP purchased Forties lot F1216 at 60 cents a barrel more than Dated Brent for loading 29-30 December
BT Group PLC
- Wall Street Journal: BT Group has sold its remaining 9.1% stake in India outsourcing company Tech Mahindra for about $183 million
GlaxoSmithKline PLC
- StockMarketWire: Panmure Gordon has upgraded GlaxoSmithKline from hold to buy, with target price raised from 1450 pence to 1500 pence
HSBC Holdings PLC
- Bloomberg: HSBC’s Mexican branches had become so well-known to drug traffickers as the place to launder proceeds from illicit sales that cartels began using special boxes to speed transactions, US prosecutors said
Imagination Technologies Group PLC
- ShareCast: Imagination Technologies Group posted a 27% rise in its half-year revenue to £71.4 million
Lloyds Group PLC
- The Daily Telegraph: Lloyds Banking Group is to offer a new online annuity comparison service; the service will compare quotes from 11 annuity providers
Royal Dutch Shell Plc
- The Bangkok Post: Shell's Thai unit is embarking on a $32.7 million investment programme to revamp and increase the number of its service stations next year
- Reuters: Waitrose, the British supermarkets chain owned by John Lewis, would not go ahead with plans to expand a joint venture with Shell at the oil company's petrol stations
Tullow Oil PLC
- StockMarketWire: Credit Suisse has downgraded Tullow Oil from outperform to neutral, with target price cut from 1550 pence to 1480 pence
- AllAfrica: Tullow Oil has denied that it is planning to pull out the Uganda oil market because of the delays in resolving outstanding issues in the sector
Unilever PLC
- Reuters: Shares of PT Unilever Indonesia slumped as much as 12% on Wednesday after the consumer goods producer said it agreed to pay a higher royalty fee to parent company Unilever NV
Xstrata PLC
- Philippine Daily Inquirer: Xstrata has set back the commercial production of its $5.9 billion project in the Philippines to 2019 due to problems with security and the government
- Mining Weekly: The Xstrata-Merafe chrome venture would close five of its twenty furnaces at various of its plants in South Africa for three months next year to participate in State utility Eskom’s electricity buy-back programme
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