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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

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  • Bloomberg: Barclays and Standard Chartered are among banks being asked to curb lending rates in Zimbabwe as the government pressures the financial services industry to aid economic recovery
  • New Zimbabwe: Zimbabwe’s indigenisation push has been cited as the main reason for the exclusion of Barclays’ Zimbabwean unit from the merger of the group’s African operations with those of Absa Group, in a deal valued at $2.1 billion
  • Bloomberg: Barclays will reduce its IT spending by billions of pounds after developing its own cloud-based technology
  • Bloomberg: Barclays is offering as much as $250 million in exchange-traded notes tied to an index of master-limited partnerships and limited liability companies

BG Group PLC

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  • Financial Times: Phil Bentley is to step down from his role as managing director of British Gas amid a strategic review of activities at Britain’s biggest energy retailer by customer numbers

Bodycote PLC

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  • Jags Report: Bodycote had its neutral rating reissued by analysts at Arden Partners; Arden Partners currently has a $6.83 target price on the stock

BP PLC

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  • Bloomberg: BP confirmed an order for 13 of the vessels worth $630 million, 2012’s largest shipbuilding accord for tankers

First Quantum Minerals PLC

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  • Copper Investing News: Inmet Mining shareholders might want to hold out for a better offer than the $5.2 billion that First Quantum Minerals has put on the table

GlaxoSmithKline PLC

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  • Workers Compensation: Maryland has entered into a settlement agreement with GlaxoSmithKline to resolve allegations that the company engaged in various illegal schemes related to the marketing and pricing of drugs it manufactures; GSK has paid $3.62 million to the Maryland Medicaid programme in settlement

HSBC Holdings PLC

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  • New York Times: World’s largest financial institutions, including HSBC and Deutsche Bank, are expected to sell a combined $78 billion of so-called noncore loans this year, a 33% rise compared with 2012

Lloyds Group PLC

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  • Caterer & Hotelkeeper: Lloyds Banking Group has sold pub group Admiral Taverns to an affiliate of Cerberus Capital in a deal rumoured to be worth around £200 million

Rolls-Royce Holdings PLC

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  • The Guardian: Rolls-Royce is facing allegations that it paid $2 billion in bribes to an executive involved with two Chinese airlines, in the latest claims attached to a corruption probe at the aircraft engine maker
  • MarketWatch: Rolls-Royce said on Friday it has won a $52.2 million contract to support AE 1107C engines for V-22 aircraft operated by the US Marine Corps and Air Force

Royal Dutch Shell Plc

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  • Reuters: The US Coast Guard and Shell were making fresh preparations on Sunday to tow a grounded Alaska oil rig, saying crews would keep trying to connect a tow line after rough weather prevented their efforts all Saturday

Vodafone Group PLC

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  • The Daily Telegraph: The Indian government has demanded Vodafone pay $2.5 billion of taxes it claims the British telecommunications giant owes it

Xstrata PLC

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  • Sudbury Star: Contract talks between Xstrata Nickel and Mine Mill Local 598/CAW in Sudbury, Canada, are moving along, with progress being made every day, according to a union leader

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