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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 is creating a new business to manage its US onshore oil and gas assets to compete with the smaller independent American shale gas companies
  • Reuters: BP says 'absolutely stands' by Russian investments
  • Reuters: BP to ramp up Whiting heavy crude processing sharply

GlaxoSmithKline PLC

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  • The Economic Times: Indian state-run insurers may stay out of GlaxoSmithKline's open offer
  • FierceBiotech: Theravance bets it can innovate without GlaxoSmithKline as spinoff nears

Glencore Xstrata PLC

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  • Wall Street Journal: Glencore Xstrata swings to net loss following $7.5 billion write-down against Xstrata purchase; company also declared a full-year dividend of 16.5 cents for 2013, 4.8% higher than for 2012
  • Wall Street Journal: Glencore Xstrata's Copper talks with China Minmetals continue; the company will retain Las Bambas Project in Peru unless price is right
  • Wall Street Journal: Glencore Xstrata eyes oil, nickel assets; company considers buying Shell property in Nigeria BHP Project in Australia
  • Irish Times: Glencore Xstrata studies deals with Rio Tinto and BHP Billiton in Australia
  • Financial Times: Glencore on Tuesday said it was in talks to convert $900 million of debt into an equity stake in Russneft, a Russian oil producer

Lloyds Group PLC

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  • Sky News: Lloyds Banking Group will make a series of pledges on Wednesday aimed at combating financial exclusion
  • The Scotsman: The private equity arm of Lloyds Bank yesterday pledged to invest £500 million in specialist manufacturing businesses supplying Scotland’s thriving oil and gas sector.

Regus PLC

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  • Reuters: Office space supplier Regus Plc reported a 23.3% rise in full-year revenue as it saw higher growth at its mature centres
  • Reuters: Regus says to open 300 new centres in 2014

Vodafone Group PLC

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  • The Economic Times: India's communications ministry has decided to clear Vodafone India's proposal of merging its operating units

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