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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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  • Trinidad Express: BP has sold its 10% stake in the Power Generation Company to National Enterprises Ltd at an undisclosed sum

GlaxoSmithKline PLC

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  • 4-traders: GlaxoSmithKline on Friday said the US Food and Drug Administration has given its malaria treatment tafenoquine a designation that aims to speed up the approval process for drugs used to treat life-threatening diseases

HSBC Holdings PLC

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  • Finextra: Hong Kong Securities and Futures Commission has reprimanded HSBC Securities Brokers (Asia), a wholly owned subsidiary of HSBC, and fined it $5 million for providing inaccurate information to the SFC during a licence application process

ITV PLC

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  • The Daily Telegraph: The BBC, ITV and Channel 4 are expected to join forces in the new year in a fresh push to force BSkyB and Virgin Media to pay to carry their channels

Rio Tinto PLC

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  • Alaska Dispatch: Rio Tinto chief executive Sam Walsh has been told to divest Rio Tinto’s 19% stake in the huge copper-and-gold prospect located in Southwest Alaska
  • ABC News: Rio Tinto has revealed that its Gove alumina refinery in the Northern Territory, Australia, will be closed by July next year, throwing more than 1,000 people out of work

Royal Dutch Shell Plc

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  • The Daily Telegraph: Shell is to start a sale of up to $30 billion of assets next year after weak refining margins and oil theft in Nigeria caused a sharp fall in profits

Unilever PLC

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  • The National: Unilever is partnering with UAE firms to tap the growing online market in the Gulf nation

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