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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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  • Financial Times: BP has said it will fight on against ‘inflated, exaggerated or wholly fictitious’ compensation claims over the 2010 Deepwater Horizon disaster
  • The Daily Telegraph: More international oil and gas majors may follow Total's lead in joining the search for British shale gas - but BP and Shell will not be among them, experts have predicted

Drax Group PLC

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  • WKRB News & Analysis: Drax Group’s stock had its “outperform” rating reaffirmed by equities researchers at BNP Paribas in a research report issued on Monday; the analysts currently have a $15.66 price objective on the stock

GlaxoSmithKline PLC

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  • Times of India: India’s Foreign Investment Promotion Board on Monday cleared $1.04 billion FDI proposal of GlaxoSmithKline to acquire additional 24.33% stake in its India arm

HSBC Holdings PLC

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  • BN Americas: HSBC was the leading bookrunner in Brazil in international debt capital markets in 2013, with a hand in $4.29 billion worth of deals for an 11% share of the market

ITV PLC

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  • Hollywood Reporter: ITV has criticized the BBC, saying the public broadcaster is at times too focused on ratings and even copies hit shows of commercial rivals

London Stock Exchange PLC

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  • The Economic Voice: London Stock Exchange on Monday announced several important changes to its International Order Book to bring it in line with the SETS market, home to FTSE 100 and FTSE 250 index constituents

Reed Elsevier PLC

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  • WKRB News & Analysis: Stock analysts at Numis Securities hoisted their price target on shares of Reed Elsevier from $16.38 to $16.99 in a report issued on Monday

Rightmove PLC

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  • WKRB News & Analysis: Research analysts at Numis Securities increased their price objective on shares of Rightmove from $49.88 to $53.89 in a report released on Monday

Rio Tinto PLC

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  • Sydney Morning Herald: Rio Tinto's stake in Canadian miner Turquoise Hill Resources will remain unchanged, after the conclusion of a lengthy rights offering linked to the highly prospective Oyu Tolgoi mine in Mongolia

Royal Dutch Shell Plc

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  • Bloomberg: Shell and OAO Gazprom Neft began a drilling campaign to assess the potential of Siberia’s Bazhenov formation, reckoned to be one of the world’s largest deposits of shale oil
  • 4-traders: Shell and India'sOil and Natural Gas Corp purchased the remaining 35% of a Brazilian offshore oil block from their partner, Brazil's state-run Petroleo Brasileiro, Shell said in a statement

Travis Perkins PLC

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  • Zolmax News: Travis Perkins’ stock had its “outperform” rating restated by equities research analysts at Davy Research in a research note issued to investors on Monday

Tullow Oil PLC

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  • The Guardian: Tullow Oil’s shares were down 26 pence at 883.5 pence on Monday, becoming the biggest faller in the FTSE 100

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