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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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  • Economic Times: BP and its Indian partner Reliance Industries will invest $ 5-10 billion to quadruple natural gas production in India by 2020

GlaxoSmithKline PLC

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  • 4-traders: GlaxoSmithKline on Wednesday purchased 317,000 of its Ordinary Shares of 25 pence each

ITV PLC

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  • Hollywood Reporter: ITV Studios Global Entertainment has renewed its multi-year output deal with Australian network Seven; Seven will continue to have first-look picks of ITV's programming across all genres for the territory
  • ITV: The BBC and ITV have confirmed the split of matches for this summer’s 2014 FIFA World Cup in Brazil

Lloyds Group PLC

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  • The Irish Times: Lloyds Banking Group has been fined a record £28 million after the UK’s financial regulator uncovered “serious failings” in its bonus schemes that put pressure on sales staff to hit targets or avoid being demoted

Prudential PLC

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  • Ticker Report: Prudential’s stock had its “underweight” rating reiterated by equities research analysts at JP Morgan Chase in a research note issued to investors on Wednesday

Rio Tinto PLC

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  • The Australian: Rio Tinto says it has already exceeded its target of cutting $2 billion in operating costs by the end of the year and said it will prioritise paying down debt next year
  • Financial Times: Rio Tinto’s chief executive has signalled that he is not afraid of a downgrade by credit rating agencies, saying that he will not run the company according to their demands, in spite of possible consequences for borrowing costs at the indebted miner

Royal Dutch Shell Plc

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  • Reuters: Shell on Wednesday said its reversed Houston-to-Houma crude oil pipeline is "operational," and scheduled to start up by mid-December

Travis Perkins PLC

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  • Reuters: Shell on Wednesday said its reversed Houston-to-Houma crude oil pipeline is "operational," and scheduled to start up by mid-December

Unilever PLC

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  • Global Times: Unilever might cut its China staff, despite the company's ongoing growth in the country, as part of plans to cut 2,000 staff worldwide
  • Campaign India: Unilever has launched Project Sunlight, a global long term initiative to motivate millions of people to adopt more sustainable lifestyles

Weir Group PLC

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  • City AM: Weir Group said it has hired Mary Jo Jacobi, a former adviser to Prime Minister David Cameron, as a non-executive board director

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