LONDON, June 27, 2014 /PRNewswire/ --
Today, Earnings Review released its analysts' notes regarding HSBC Holdings Plc (LON: HSBA), BP Plc (LON: BP), GlaxoSmithKline Plc (LON: GSK), Royal Dutch Shell Plc (LON: RDSA) and British American Tobacco Plc (LON: BATS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/4212-100free.
HSBC Holdings Plc Analyst Notes
On June 24, 2014, HSBC Holdings Plc (HSBC) announced that its indirect wholly-owned subsidiary HSBC Private Bank (Suisse) SA has agreed to sell a portfolio of its private banking assets in Switzerland to LGT Bank (Switzerland) Ltd, a wholly-owned subsidiary of the LGT Group Foundation. HSBC informed that the portfolio had $12.5 billion in assets under management as at December 31, 2013. HSBC expects the transaction to be completed in Q4 2014. The full analyst notes on HSBC are available to download free of charge at:
BP Plc Analyst Notes
On June 24, 2014, BP Plc (BP) announced that it has made a $2.5 million donation to the 2015 Chicago Architecture Biennial and will serve as the major sponsor of the three-month long exhibition. Commenting on the development, John Mingé, BP America Chairman and President, said, "BP has a long history of supporting programs, events and institutions that make Chicago great, and we're proud to sponsor this celebration of the city's significant contribution to world architecture." The first-ever Chicago Architecture Biennial, to be held from October 1, 2015 through January 3, 2016, will include a number of exhibitions and educational programs featuring many of the world's leading architects. The full analyst notes on BP are available to download free of charge at:
GlaxoSmithKline Plc Analyst Notes
On June 14, 2014, GlaxoSmithKline Plc (GSK) presented new data from secondary analyses of four randomised phase III studies at the 74th Scientific Sessions of the American Diabetes Association (ADA) in San Francisco. The new data showed that patients enrolled in the studies who remained on Tanzeum/Eperzan (albiglutide), a once-weekly glucagon-like peptide (GLP-1) receptor agonist, continued to show blood glucose lowering at three years, consistent with results at the one year or 52 week primary endpoint. Vlad Hogenhuis, Senior Vice-President and Head, Cardiovascular, Metabolic and Neurosciences Franchise, GSK, said, "While many phase III trials in type 2 diabetes are typically six months in duration, we set out to assess weekly-administered albiglutide for up to three years. We are proud to be able to present these data which further characterize the efficacy and safety profile of albiglutide." The full analyst notes on GSK are available to download free of charge at:
Royal Dutch Shell Plc Analyst Notes
On June 18, 2014, Royal Dutch Shell Plc (Shell) announced that its wholly-owned subsidiary Shell Midstream Partners, L.P. has filed for an Initial Public Offering (IPO) with the U.S. Securities and Exchange Commission (SEC). According to a Reuters report dated June 18, 2014, the proposed IPO seeks to raise up to $750 million and the offer proceeds will be used to acquire stakes in Shell's other pipelines. Shell Midstream Partners intends to apply to list the common units on the New York Stock Exchange under the ticker symbol "SHLX". According to the Company, the offering is expected to occur in the second half of this year. Shell Midstream Partners was formed as a vehicle to own, operate, develop and acquire pipelines and other midstream assets. The full analyst notes on Shell are available to download free of charge at:
British American Tobacco Plc Analyst Notes
As per the Financial Calendar available at British American Tobacco Plc's (BAT) official website, the Company will publish its Half-yearly Report on July 30, 2014. In an announcement dated April 30, 2014, the Company had informed that the half-yearly report will also include announcement of declaration of interim dividend. In Q1 2014, the Company had reported a decline of 1.2% YoY in cigarette volumes, as growth in markets including Bangladesh, Pakistan, Indonesia, Japan and the GCC was offset by lower volumes in Russia and Poland. Group revenue for Q1 2014 grew by 2% at constant rates of exchange, indicating towards lower volume and the timing of price increases, in comparison to Q1 2013. The full analyst notes on BAT are available to download free of charge at:
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