|Bid||3,124.00 x 0|
|Ask||3,125.00 x 0|
|Day's range||3,048.50 - 3,126.00|
|52-week range||2,688.50 - 3,633.50|
|Beta (5Y Monthly)||0.12|
|PE ratio (TTM)||24.03|
|Earnings date||29 Jan 2020 - 3 Feb 2020|
|Forward dividend & yield||0.69 (2.24%)|
|1y target est||2,916.05|
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
London's exporter-heavy FTSE 100 inched lower on Monday as oil majors and Asia-exposed financials fell on China growth worries and as the pound strengthened, while a 72% slump in Tullow Oil single-handedly dragged down midcaps. The blue-chip index was gave up 0.1%, with its dollar earners including spirits company Diageo and pharmaceutical giant AstraZeneca taking a hit from gains in sterling ahead of UK general election later this week. The FTSE 250 midcap index was also down by the same level, with Tullow Oil recording its steepest one-day fall since early 2004 after the oil and gas explorer scrapped dividend and announced the exit of its CEO.
David Duncan, Silver Oak Cellars CEO, told Yahoo Finance his brand is actually increasing in popularity with millennials.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
British household goods maker Reckitt Benckiser Group Plc said on Tuesday it was extending its paid leave globally for new mothers from 16 weeks to 26 weeks, but the change will take time to implement in the United States due to regulatory issues. Mothers will also have the option to take a further six months of leave without pay. The Durex condom and Lysol disinfectant maker also said it would increase paid paternity leave for fathers and partners to four weeks, with the option to take a further four weeks of leave without pay.
London's FTSE 100 surged more than 1% on Friday after two days of selling, as investors turned cautiously optimistic about a Sino-U.S. trade deal and exporter stocks rose after the pound weakened on downbeat U.K. Purchasing Managers' Indexes (PMI) data. The FTSE 250 added 0.6%, though gains were capped by data that showed British business this month suffered its deepest downturn since mid-2016 amid uncertainty around the general election and Brexit. Further keeping gains in check was a 9% slide in Hochschild Mining after its 2020 output targets disappointed, and an 8% drop in thread manufacturer Coats Group after it warned on annual profit.
(Bloomberg Opinion) -- It’s a grim time in Washington, and not just because of the impeachment hearings. The Washington Redskins, for decades the city’s most beloved institution, are simply awful.So far this season, they’re 1-9, and with six games left, they’ll be lucky to win another. Last Sunday they were thoroughly outplayed by the lowly New York Jets, losing 31-17. That loss prompted the Washington Post’s great sportswriter Thomas Boswell to declare that, with the Washington Nationals winning the World Series this year and the Washington Capitals the Stanley Cup in 2018, Washington no longer lives and dies by the Redskins.The game photograph that accompanied Boswell’s column showed something that has rarely been seen at Redskins games: lots and lots of empty seats.Everyone in Washington knows exactly who to blame for this state of affairs: 54-year-old billionaire owner Dan Snyder. After making his fortune with a marketing business (he eventually sold it for $2.1 billion), Snyder bought the Redskins in 1999 for $750 million. In the subsequent 20 years, they’ve had six winning seasons, eight last-place finishes, and exactly two playoff victories — and the last one was in 2005.Snyder has hired bad coaches and fired good ones. He’s made terrible free-agent signings. He would sometimes dictate to his coaches who to bench and who to play. In early October, when Snyder fired head coach Jay Gruden five games into the season, Mark Cannizzaro, the New York Post’s pro football columnist, wrote, “If the Redskins owner truly wanted what was best for his franchise, he would have fired himself.”But why would he? Despite Snyder’s 20-year record of football ineptitude, he’s made a boatload of money as the team’s owner. Last year, according to Forbes, which publishes annual rankings of sports franchises, the Redskins had $120 million in operating income(1)on $493 million in revenue. Among the 32 teams in the National Football League, only six teams earned more. Forbes also ranks the Redskins the seventh-most-valuable franchise, with an estimated valuation of $3.2 billion. (The Dallas Cowboys are ranked first with a $5.5 billion valuation.) Last year, despite another losing record, the team still rose 10% in value, according to Forbes.Which leads to the obvious question: Does it even matter whether Snyder — or any other pro football owner — has a winning team or a losing one? From a financial standpoint, the answer, plainly, is no. As the sports consultant Marc Ganis told me, “NFL teams don’t lose money.”This is in large part because the NFL has a “share the wealth” philosophy. (Or to put it the way the late Cleveland Browns owner Art Modell once did, the NFL is run “by a bunch of fat-cat Republicans who vote socialist on football.”) The NFL has multiyear, multibillion-dollar contracts with CBS, NBC, Fox, ESPN and DirecTV. That money is equally divided among the 32 teams, along with certain marketing and licensing deals negotiated by the NFL. In 2018 that pool of money amounted to $8.1 billion, or $255 million per team.The biggest expense for any team is player contracts. But don’t forget the salary cap, which places a limit on how much any NFL team can collectively pay all the players on its roster. It is currently $188.2 million. Michael Ozanian, who compiles the sports franchise rankings at Forbes, told me that when you include insurance, pensions and the like, most teams pay well over $200 million in salary-related expenses. Even so, the national TV contract alone more than covers the owners’ biggest expense.Then there’s gate revenue. In the National Basketball Association and Major League Baseball, the home team keeps all the money generated from ticket sales. In the NFL, the visiting team gets 40 percent of the gate. The Redskins, for instance, had $43 million in gross ticket sales last year, and netted $28.5 million after giving the visiting teams their cut.All told, about 75% of the revenue that a team gets comes via money that is shared among all the teams. That still means that the other 25% has to be self-generated. Here is where you would think the Redskins would have a problem, given the way they’ve alienated their fans.But you would be wrong. One of the first things Snyder did after buying the team was cut a $205 million, 27-year deal with FedEx Corp. to change the name of the team’s stadium in Landover, Maryland, from Jack Kent Cooke Stadium to FedEx Field. (Cooke owned the team from 1974 until his death in 1997.) Snyder has since plastered FedEx Field with corporate sponsorships. In 2002, he cut a deal with Diageo Plc, the big liquor company, to put billboards in FedEx Field; they were strategically located to make sure that TV cameras would have to show them.The median ticket price for a Redskins game is $235. By one estimate, when you throw in parking and food, two people will pay $567 to attend a game, the ninth-highest cost for attending a league game. Snyder charges for fans to attend preseason practices (he charges for parking, too). He has come up with all kinds of schemes to extract fees from fans: fees to cut the security line on game day, for instance, or to get season tickets ahead of people who had signed up earlier. Indeed, all those empty seats may be held by season ticket holders who decided not to bother going to the game.One area where revenue has fallen for the Redskins is their haul from premium seating and luxury suites. In 2016 and 2017, that number was around $70 million, according to league data. More recently, it has dropped to around $65 million. It is hard to know whether that’s a function of the Redskins’ losing ways or the result of the elimination of the 50% tax deduction for client entertainment expenses that was part of the 2018 tax bill (corporations have traditionally liked booking suites to entertain clients).Of course, what smart team owners understand is that the best way to field a winning team is to hire really good football minds — and get out of their way. Robert Kraft, the owner of the New England Patriots, was a meddler like Snyder in the early years of his ownership. But once he hired Bill Belichick as his head coach, he stopped getting involved in most football decisions.Twenty years in, it seems unlikely Snyder will ever learn that lesson. Redskins fans loathe him and most other NFL owners view him as a lightweight. But given the NFL’s business model, none of this matters. Most likely, Snyder will keep wrecking a once-great franchise while he keeps raking in the profits. Why should he change when there’s no consequence?(1) Forbes defines operating income as earnings before interest, taxes, depreciation and amortization.To contact the author of this story: Joe Nocera at email@example.comTo contact the editor responsible for this story: Timothy L. O'Brien at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
I think these two international FTSE 100 (INDEXFTSE:UKX) stocks have the quality to reward holders generously for years to come.
London's main bourse retreated on Wednesday as traders grew weary of mixed trade signals from U.S. President Donald Trump, while mid-caps slid on the back of weak economic data and a plunge in Tullow Oil. The more internationally-exposed FTSE 100 fell 0.2%, trimming some early losses as exporter stocks such as Diageo and AstraZeneca benefited from a weaker pound. The jump in exporter shares also helped the bourse outperform the broader European benchmark index.
I think these two FTSE 100 (INDEXFTSE:UKX) shares offer good value for money and could improve your retirement savings prospects.
These two FTSE 100 (INDEXFTSE: UK) stocks could be well suited to those who are aged 50 and over and looking for both growth and stability, says Edward Sheldon.
London's FTSE 100 edged up on Wednesday, adding to a 2% gain over the past three sessions, as investors waited for news on U.S.-China trade talks before making further bets, while mall operator Intu dropped on signs it may seek to sell more shares. The FTSE 100, which had been holding at a near one-month high this week, rose 0.1%, while the FTSE 250 dipped 0.4% as the pound weakened slightly ahead of a Bank of England's interest rate decision on Thursday.
LONDON, Nov. 5, 2019 /PRNewswire/ -- DIAGEO and HBO® are proud to introduce the final piece of the exclusive Game of Thrones Limited Edition Single Malt Scotch Whisky Collection – Six Kingdoms - Mortlach Single Malt Scotch Whisky Aged 15 Years. Inspired by the finale of HBO's iconic series, the ninth and final bottling in the Game of Thrones Limited Edition Single Malt Scotch Whisky Collection pays tribute to the fate of Westeros, whose long-held Seven Kingdoms ultimately became six at the conclusion of the show's climactic battle for the Iron Throne.
It has long been understood that cheap stocks have a tendency to outperform expensive stocks in the stock market. While this is not true every single year, ove8230;
Edward Sheldon reveals two stocks he bought for his own portfolio during October, including a recession-proof FTSE 100 (INDEXFTSE:UKX) dividend stock.
The executives on the list — who identify as LGBT+ — reflect the incredible achievements of LGBT+ people in the business community.