magazine archive
magazine archive
Story In Numbers
$54.7bn: Netflix’s blockbuster value creation
Thursday 30 Mar 2017This is the amount of value created by streaming movies and TV service Netflix in the 15 years since its $6.4bn IPO in 2002. Today it is worth $61.1bn. Bear in mind the old videos rentals business Blockbuster turned down the chance to buy Netflix just months before the latter joined Nasdaq, a...
Watkin Jones family and directors cash in £70m worth of stock
Thursday 30 Mar 2017This is the total banked by family and directors behind student accommodation business Watkin Jones ( WJG:AIM ) as they sell a near-20% holding. The company joined AIM a year ago and one of the stated reasons for going public was to ‘allow incumbent shareholders to realise a proportion of value’...
80: A rare ‘buy the market’ alert has been sounded for US equities
Thursday 30 Mar 2017The 14-day relative strength index (RSI) for the S&P 500 index of US large cap stocks has gone above the 80 mark for the first time in 20 years. Investment bank Morgan Stanley claims this is good. ‘While elevated sentiment metrics such as this may indicate increased near-term risks, history...
£1m: Acacia’s daily hit from export ban
Thursday 30 Mar 2017Gold producer Acacia Mining ( ACA ) is losing £1m a day from the Tanzania government’s export ban on unprocessed ore. Two of Acacia’s mines are now stockpiling material which would have normally been exported in concentrate form. Last week it said talks to reach a compromise with the government...
Hurricane may be sitting on ‘largest undeveloped discovery’ in North Sea
Thursday 30 Mar 20171,156m oil column Oil explorer Hurricane Energy (HUR:AIM ) brings its latest drilling efforts in the area of the North Sea to the West of Shetland to a successful conclusion by finding a 1,156m oil column with its Halifax well. The company says the results support its contention that the existing...
15%: Rights issue might not solve Tullow’s debt problem
Thursday 23 Mar 2017Oil producer Tullow Oil ( TLW ) is under the cosh as it progresses a $750m rights issue at 130p to reduce the pressure on its stretched balance sheet. It hasn’t raised enough money, in our view, as the rights issue is only 15% of the company’s total net debt of $4.8bn. Tullow’s net debt hit an eye-...
22%: Recruiter enjoys strong growth in Asia
Thursday 23 Mar 2017Japan is a tough market for recruitment agencies because individuals are made to feel guilty if they seek a new job. There is a strong loyalty culture and employers love to play the ‘loyalty card’ if anyone hands in their notice. Robert Walters ( RWA ) says it has taken years of hard work to...
1.01%: BEST RATE FOR CASH ISA
Thursday 23 Mar 2017Everyone should keep some of their money in cash, as you never know what’s around the corner. Unemployment, a broken boiler, a failed MOT; the list is endless. Virgin Money currently offers the best rate for an instant access ISA at 1.01%. The rate falls if you make more than three withdrawals a...
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FTSE 100 Stocks - Best Performing
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