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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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  • Daily Mail: BP hopes to be allowed to bid for US government contracts again soon, after it was hit with a ban in the wake of the 2010 Deepwater Horizon disaster
  • Financial Times: Baghdad bureaucracy stymies BP's ambitions to expand its Rumaila oilfields; the company is axing a hundred crucial jobs at its flagship Rumaila field in the south of the country due to bureaucratic snarl-ups in Baghdad

Barclays PLC

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  • Daily Mail: Barclays Bank was last night accused of ‘incompetence’ and urged to review hundreds of payouts to victims of the PPI scandal after it emerged some customers could have missed out on compensation while others were paid automatically

Lloyds Group PLC

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  • Daily Mail: Fashion industry millionaire Harold Tillman is considering private criminal prosecutions against ‘individuals’ at Lloyds over the collapse of British fashion brand Jaeger; Tillman has accused Lloyds and private equity firm Better Capital of stitching up a secret deal which triggered the demise of his empire

HSBC Holdings PLC

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  • The Daily Telegraph: HSBC is expected to unveil its highest profits since the onset of the financial crisis on Monday, fuelled by a surge in mortgage lending as the UK’s economic recovery gathers pace
  • The Guardian: HSBC is expected to reignite the debate over theEuropean Union bonus cap by revealing that its top bankers are to be awarded share payouts to compensate them for any potential reduction in income caused by the EU's new rules

Rio Tinto PLC

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  • kdlg.org: Rio Tinto employee resigned from the Northern Dynasty Minerals Board; Stephen Scott is the General Manager with Rio Tinto’s copper division and he was appointed to the Northern Dynasty Minerals Board in 2007
  • The Times: Rio Tinto sold its Alcan estate for £20 million to Crown Estate

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