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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

BP PLC

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  • Tampa Bay Business Journal: A federal appeals court has halted BP settlement payments for oil spill damages to businesses “whose injuries are not traceable to the spill”

HSBC Holdings PLC

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  • The Guardian: HSBC has played down the prospect of spinning off its UK business in a separate stock market listing in a move that would undo its takeover of Midland Bank 20 years ago

Lloyds Group PLC

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  • Financial Times: Lloyds Banking Group is set for a £670 million capital boost after the taxpayer-backed bank pressed the button on the sale of its remaining stake in the wealth manager St James’s Place
  • MarketWatch: Lloyds Banking Group is preparing to sell De Vere Group in a move that could push write-offs on the taxpayer-supported bank's backing of the hotel and leisure operator to almost £900 million

Rio Tinto PLC

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  • IT News: Rio Tinto will have a new head of technology and innovation from next year, after the mining giant announced the retirement of Preston Chiaro

Royal Dutch Shell Plc

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  • Zacks: Shell has received approval from the Canadian government to expand its Jackpine oil sands project in northern Alberta
  • Bloomberg: Shell Energy Europe will act as intermediary for the Warwick-based supplier by sourcing its energy from the wholesale market, First Utility said on Monday in an e-mailed statement

Tullow Oil PLC

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  • Independent.ie: African-focused oil and gas miner Tullow says a well it drilled in Ethiopia had failed to find oil

Unilever PLC

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  • Cosmetics Design: Unilever’s US division has confirmed an agreement with United States government authorities that will see the company pay a $1 million fine for pollution relating its now closed Clinton, Connecticut personal care production facility
  • Cosmetics Design: Unilever’s US division has confirmed an agreement with United States government authorities that will see the company pay a $1 million fine for pollution relating its now closed Clinton, Connecticut personal care production facility

Weir Group PLC

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  • Daily Mail: Punters pumped up the volume at Weir Group, 20 pence better at 2,072 pence, on Monday, as rumours suggested that General Electric could be weighing up a possible £5.9 billion or £28 a share bid for the Glasgow-based group

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