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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• The Daily Telegraph: BP has raised its dividend by 14% for the first time in a year to 8 cents per share
• Bloomberg: BP will exit its liquefied petroleum gas bottle- and tank- filling businesses worldwide
• Reuters: BP Trinidad and Tobago plans to spend $1.1 billion this year in the Caribbean island which will include ocean bottom seismic surveys in its existing acreage
• Reuters: BP ratcheted up the rhetoric around multi-billion dollar claims from the Gulf oil spill by warning it would "vigorously" contest lawsuits over one of the world's worst environmental disasters

BT Group PLC

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• BT Group PLC: BT Group has transferred in connection with its employee share plans 279,325 ordinary shares at a minimum price of 61 pence per share and a maximum price of 185 pence per share

GlaxoSmithKline PLC

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• CBS News: GlaxoSmithKline reported a net profit of £1.25 billion in the fourth quarter compared with a loss of £633 million pounds a year earlier
• Financial Times: GlaxoSmithKline is emptying out tens of millions of euros each day from its bank accounts in Europe’s more fragile countries in order to minimise the risk of exposure to a regional banking or financial crisis
• InPharm: GlaxoSmithKline has said it will invest $65 million to expand its manufacturing and new drug development activities in Australia
• Bloomberg: GlaxoSmithKline was among five companies that paid a total of $25.2 million to settle claims that they overcharged Louisiana for drugs for low-income patients

HSBC Holdings PLC

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• Bloomberg: Standard Chartered is in talks to buy HSBC’s consumer banking operations in Bangladesh

Lloyds Banking Group PLC

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• The Wall Street Journal: Lloyds Banking Group is cutting close to 1,000 UK positions and closing some offices, as the bank continues to reduce costs and streamline its business

Pearson PLC

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• The Wall Street Journal: Pearson, the owner of the Financial Times, will relocate 900 jobs to a waterfront development in Hoboken, New Jersey, rather than moving some operations to New York

Rio Tinto PLC

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• Reuters: Rio Tinto has announced a $3.4 billion expansion of iron ore mining in Australia, where it plans to lift capacity by more than 50%
• Bloomberg: Rio Tinto has held talks with China Guangdong Nuclear Power Group on a possible venture in Namibia, where it owns the Rossing uranium mine
• Fox Business: Rio Tinto sees Africa as a key component of its global growth strategy, the head of its energy division said Tuesday

Royal Dutch Shell Plc

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• Korea Herald: Hyundai Oilbank said Tuesday it will jump into the lubricant business by establishing a joint venture with Shell next month
• The Wall Street Journal: Shell has opened a jetty in the Shat-al-arab waterway, to facilitate shipment of equipment to develop the super-giant Majnoon oil field in southern Iraq

Shire PLC

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