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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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GKN PLC

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  • WKRB News & Analysis: GKN’s stock had its “buy” rating reiterated by analysts at Cantor Fitzgerald Europe in a research report issued to clients and investors on Thursday; the analysts currently have a $7.09 price objective on the stock

GlaxoSmithKline PLC

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  • AllAfrica: GlaxoSmithKline Consumer Nigeria has announced the appointment of an interim Managing Director, Justin Korteasa, following the voluntary resignation of Chidi Okoro, as the company's Managing Director with effect from 15 March

HSBC Holdings PLC

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  • The Daily Telegraph: Research firm Forensic Asia calculates that HSBC has overstated the value of the assets on its balance sheet by more than £50 billion

Rio Tinto PLC

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  • Mining.com: Rio Tinto beat its 2013 cost-cutting targets and reported on Thursday record high output of iron ore, coal and other minerals
  • ABC News: Rio Tinto is accused of threatening Australia’s New South Wales Government with mass job losses unless it’s given the green light to expand an Upper Hunter mine

Royal Dutch Shell Plc

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  • St Louis Business Journal: Emerson Network Power, a business of Emerson, has been selected to be the main power supply provider for Shell’s $12.6 billion natural gas project
  • Zacks: Zacks Investment Research downgraded Shell to a Zacks Rank #5 (Strong Sell)

Tullow Oil PLC

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  • Independent.ie: Tullow Oil has said that annual revenues would come in at $2.6 billion, with gross profits of $1.4 billion
  • WKRB News & Analysis: Tullow Oil’s stock had its “neutral” rating restated by stock analysts at UBS AG in a report issued on Thursday; the analysts currently have a $15.24 price target on the stock
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