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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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  • Daily News Egypt: Barclays Bank Egypt’s profit spiked in the third quarter of 2013 to reach EGP 325 million, representing a 49% increase compared to the corresponding period last year
  • Reuters: Barclays and Credit Suisse laid to rest any doubts about the strength of global investor demand for Additional Tier 1 capital from European banks when they attracted the US dollar equivalent of more than $35 billion of demand for their bonds in the past week

BP PLC

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  • Daily Mail: BP was given another boost at the weekend in its fightback against crippling claims against the multinational in the US courts over the Gulf of Mexico oil spill in 2010, when a federal judge refused to allow a class action by investors alleging fraud by the UK oil company
  • NWI: BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions

HSBC Holdings PLC

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  • Financial Times: HSBC has sounded out investors about a flotation of its UK arm, in a move that would realise value from its high street banking business and address regulatory pressures
  • Reuters: Fitch Ratings has affirmed HSBC France's Long-term Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook and its Viability Rating (VR) at 'bbb+’

Lloyds Group PLC

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  • Nasdaq: Lloyds Banking Group said Friday it has sold a portfolio of non-performing Irish retail mortgages to Tanager Ltd, an entity affiliated with Apollo Global Management, for $420.4 million in cash

Prudential PLC

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  • Ventures Africa: Prudential has acquired LeapFrog Investments’ majority stake in leading Ghanaian insurer Express Life for an undisclosed sum

Reed Elsevier PLC

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  • London South East: Reed Elsevier Friday said CEO Erik Engstrom exercised share options in the company Thursday, and subsequently sold most of the resulting shares; he got got 154,517 shares in the firms for 533.50 pence each and sold 150,517 of them at 877.3643 pence

Rio Tinto PLC

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  • London South East: Reed Elsevier Friday said CEO Erik Engstrom exercised share options in the company Thursday, and subsequently sold most of the resulting shares; he got got 154,517 shares in the firms for 533.50 pence each and sold 150,517 of them at 877.3643 pence
  • Bloomberg: Rio Tinto Group’s Energy Resources Australia said a tank at its Rangers uranium mine in Kakadu National Park split, spilling a mixture of acid, ore, mud and water

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