Citywire Top Stocks Daily News Digest

All the news from across the web about the companies featured in Citywire's Top Stocks.

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by Himanshu Singh on Nov 15, 2012 at 03:17

All the news from across the web about the companies featured in Citywire's Top Stocks

The Daily Telegraph: Barclays is set become only the second bank to sell contingent capital that would be used to rescue the firm if it gets into trouble in future.
Financial Times: Barclays raised $3 billion on Wednesday via a bond issue that some analysts say could pave the way for similar deals as banks try to meet rules on absorbing losses in a crisis

Financial Times: BT is considering whether to appeal a recent court decision that blocked attempts to force Sky to lower the wholesale price for its sports programming as the telecoms operator considers whether to sell on its own recently acquired sports rights

Proactive Investors: ITV reported a 4% rise in revenue for the nine months to 30 September and said that it would target £30 million of cost savings this year

Metal Powder: GKN Powder Metallurgy plans to establish new manufacturing facility for GKN Sinter Metals in Yizheng, Jiangsu, China

Bloomberg: Prudential, the U.K.’s biggest insurer by market value, said its Asian business is on course to become self-financing by the end of 2013

Businessweek: Royal Dutch Shell has earmarked more than $20 billion to spend on natural-gas projects through 2015 as profit from extracting, processing and selling the fuel soars
The Wall Street Journal: Royal Dutch Shell plans to build a 120,000-metric-ton-a-year lubricant blending plant in Indonesia, the company said Wednesday

Fox Business: Tullow Oil on Wednesday said it remains on track to deliver average net production of 80,000 to 84,000 barrels of oil equivalent for the full year

Reuters: Vodafone Group chief Vittorio Colao said he could not rule out an exit from the U.S., a day after posting results showing the Verizon Wireless business there has become the main growth engine for the British group
Livemint: Vodafone India Ltd posted an increase of 13.3% in revenue during the six months ended 30 September

The Daily Telegraph: Hedge funds have started buying the voting rights on Xstrata shares in order to force through next week's vote on the miner's £44 billion merger with Glencore
Bloomberg: Qatar Holding, Xstrata’s second- largest shareholder, is poised to approve Glencore International’s $31.2 billion bid for the company and bonuses for about 70 managers

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Barclays PLC

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BT Group PLC

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Itv PLC

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GKN PLC

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Royal Dutch Shell PLC

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Tullow Oil PLC

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Xstrata PLC

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