|Bid||19.32 x 40000|
|Ask||19.90 x 40000|
|Day's range||19.15 - 19.15|
|52-week range||15.48 - 25.37|
|Beta (5Y monthly)||0.17|
|PE ratio (TTM)||17.60|
|Forward dividend & yield||0.53 (2.70%)|
|Ex-dividend date||24 Apr 2020|
|1y target est||N/A|
Given the current volatility investors face, it is more important than ever to identify high quality stocks over speculative ones with weak fundamentals. This8230;
These high-quality FTSE 100 dividend investments look too cheap to pass up after recent declines says Rupert Hargreaves. The post £5k to invest? 2 FTSE 100 dividend stocks I'd buy after recent declines appeared first on The Motley Fool UK.
Yesterday's 10% FTSE 100 decline and what came before has dragged shares in RELX (LSE: REL) down to a price I find difficult to ignore.The post I think the FTSE 100 crash has made this share a bargain buy for a Stocks and Shares ISA appeared first on The Motley Fool UK.
Issuers sold 5.25 billion euros on Europe's debt capital markets on Tuesday, a day after stocks rallied strongly on hopes of central bank support. UK analytics company Relx raised 2 billion euros of four, eight and 12-year bonds, while U.S. industrial conglomerate Honeywell International, which recently saw a surge in demand for its protective face masks, priced 1 billion euros of four and 12-year bonds.
(Bloomberg) -- Sherwin-Williams Co. and six other companies reopened the U.S. corporate bond markets after a week-long hiatus, following a handful of deals earlier Tuesday in Europe.The offerings mark the return of borrowers to primary debt markets after concerns about the spread of the coronavirus had virtually frozen issuance across the regions. Sherwin-Williams’s deal was the first U.S. sale since Feb. 21, when maintenance supply distributor W.W. Grainger Inc. sold $500 million of five-year notes. New high-grade debt has also suffered in secondary market trading since then.“Even in the worst of times, there will always be demand for good names,” said John Sheehan, a portfolio manager at Osterweis Capital Management. “As bad as things feel in the marketplace, if you put a concession on names people are comfortable with, you’ll get new issues done.”Most deals in the U.S. had already been announced by 9:30 a.m. in New York, before the Federal Reserve said it was cutting interest rates by 50 basis points to protect the economy from the spreading virus. While Chairman Jerome Powell didn’t cite any financial stability concerns, he did say the Fed would have bank supervisors advise banks to work with borrowers as appropriate if they face stresses.McDonald’s DealSherwin-Williams and six others including McDonald’s Corp. and Texas Instruments Inc. sold debt in the U.S., a swatch of fairly high-quality borrowers the market is already familiar with. The paint manufacturer issued $1 billion of senior unsecured notes in two parts. The longest portion of the offering, a 30-year security, yields 1.7 percentage points above Treasuries, after initially discussing around 1.95 percentage points, said a person with knowledge of the matter, who asked not to be identified as the details are private.Companies sold $5.9 billion of U.S. investment grade bonds Tuesday, with most rushing to get deals done as rates volatility picked up after the Fed announcement. Some of today’s deals, such as the McDonald’s $2 billion debt offering, are already trading wider in the grey market, according to traders.In Europe, Honeywell International Inc. and publisher RELX Plc both offered multi-tranche euro-denominated deals, the first company bond sales since Feb. 25. Marketwide issuance will reach at least 5.79 billion euros ($6.43 billion) on Tuesday, with German lender Commerzbank AG also among the borrowers offering notes.Borrowers will likely have to accept that the funding environment won’t resemble what it was just a few weeks ago. Spreads have blown out, rates have rallied to historic lows and global markets remain riddled with uncertainty. This all suggests that issuers may have to sweeten deals in the form of elevated new issue concessions. And should deals go well, it could bode for more issuance in the rest of the week, said Erin Lyons, U.S. credit strategist at CreditSights.Disciplined InvestorsStill, investors will be disciplined in what they buy in the new issue market, said Tony Trzcinka, a portfolio manager at Impax Asset Management.“We are definitely choosing our spots,” Trzcinka said. “I don’t see a need to rush to add corporate exposure.”The deals in Europe are low risk. Two deals are from German provinces while Commerzbank’s bonds are eligible for the European Central Bank’s asset purchase program. High quality names and ultra-safe securities offer a “sweet spot to confirm investors’ willingness to engage,” in the market, said Matteo Benedetto, an executive director at Morgan Stanley & Co.Debt sales across Europe and the U.S. ground to a halt last week as the coronavirus spread across the world worsened, with the number of confirmed global cases now topping 90,000. Pledges of central bank support are boosting financial markets, with a gauge of default risk for European companies headed for its first day of tightening spreads -- indicating that sentiment has improved -- since Feb. 19.Charlotte, North Carolina-based Honeywell came through with a 1 billion-euro sale, three weeks after first hiring banks for the deal. It offered notes split between maturities of four and 12 years, with the longer tranche to price at 90 basis points above midswaps, down from around 115 points earlier, according to a person familiar with the matter, who asked not to be identified citing company policy.RELX raised 2 billion euros, spread across notes maturing in four, eight and 12 years. The order book for the deal had grown to more than 11 billion euros, people familiar with the demand said. German states Lower Saxony and Hesse were also among Tuesday’s borrowers.Quick reactions “will be one of the keys to success” for borrowers venturing back into Europe’s primary bond market amid coronavirus-fueled volatility, said Gabriel Levy, global head of debt capital markets for financial institutions at Natixis SA.“The coronavirus has shown that issuers were right to move quickly earlier this year,” Levy said.\--With assistance from Michael Gambale, Brian Smith, Molly Smith, Caleb Mutua and Alice Gledhill.To contact the reporters on this story: Hannah Benjamin in London at email@example.com;Paul Cohen in London at firstname.lastname@example.org;Andrew Kostic in New York at email@example.comTo contact the editors responsible for this story: Vivianne Rodrigues at firstname.lastname@example.org, ;Nikolaj Gammeltoft at email@example.com, Chris Vellacott, Allan LopezFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Warren Buffett makes it sound so easy: find high-quality companies, wait for a good price to buy, and then hold them forever. Some of these high-quality compan8230;
Snowflake Software Ltd (Snowflake), an innovator in fusing and streaming live flight and navigational data, has signed an agreement to become part of Cirium, the expanding aviation analytics group. Cirium, which is part of RELX, expects the acquisition to give the combined group a world-class capability in handling live flight data for the global air transport industry.
When Victoria Beckham sends her models down the London catwalk on Sunday, many of her most important clients will not be sitting in the front row but following from afar as the coronavirus outbreak hobbles international events. The drive by London Fashion Week to communicate with absent Chinese buyers is just one of the ways the global events industry is adapting, quickly, to keep the show on the road. Caroline Rush, head of the British Fashion Council, said it wanted to keep dialogue open and buyers engaged.
These FTSE 100 (INDEXFTSE: UKX) stocks should be long-term winners, says Roland Head.The post Why I think these FTSE 100 dividend stocks could be the best you can buy appeared first on The Motley Fool UK.
Dividend paying stocks like RELX PLC (LON:REL) tend to be popular with investors, and for good reason - some research...
RELX PLC (the "Company") announces in compliance with the EU Market Abuse Regulation that it will implement an irrevocable, non-discretionary programme to repurchase its ordinary shares up to the value of £50 million in total between 13 February 2020 and 22 April 2020 (the "Programme"). This follows the successful completion of a £100 million non-discretionary programme on 10 February 2020. Both programmes are part of the £400 million to be deployed on share buybacks in 2020, as announced on 13 February 2020.
European information group Relx said it could not yet predict how coronavirus would hit its exhibitions business in China after it was forced to reschedule nine events in the country because of the outbreak. In a highly fragmented market, Relx is the world's second biggest provider of events and exhibitions, hosting more than 500 in almost 30 countries that attract more than 7 million people each year. While the exhibitions division is Relx's smallest, representing 16% of total revenue, it is a dependable performer.
Most investors would agree that the best quality companies in the stock market often make the best investments as well. I'm talking about some of the most resp8230;
European information provider Relx Plc has agreed to buy U.S. company Emailage for around $480 million in its latest deal to boost the fraud detection capabilities of its fastest-growing division, a source close to the company said. Once a traditional media publisher, Relx has transformed itself in recent years by selling off print titles and buying data sets and analytics tools to help professionals and business clients make decisions, including spotting fraud. Emailage helps clients spot fraud by using partnerships, proprietary data and advanced machine learning technology to build customer profiles associated with email addresses.
Matthew Dumigan puts forward a case for two exceptional UK-listed companies.The post 2 FTSE 100 stocks I’d buy now and hold forever appeared first on The Motley Fool UK.
(Bloomberg Opinion) -- For almost two decades, a battle has been raging over access to scholarly research. On the one side have been scholars, librarians, funders and others arguing that in an age of near-costless global communication, research findings and the data that underlie them should be shared freely and openly. On the other side have been publishers, led by Elsevier, a (very large) unit of under-the-radar London-based media giant RELX Plc,(2) fighting to maintain the remarkable profit margins that paywalled scholarly journals can provide.That’s the simple version, at least — things have always been a little more complicated than that. But it was still jarring to observe this week in Berlin how much the battle lines have shifted.An executive with Wiley, the third-largest academic journal publisher by revenue, got up in front of the room at the APE (which originally stood for Academic Publishing in Europe) 2020 conference to extol his company’s commitment to “open access, open data, open practices, open collaboration, open recognition and reward.” A counterpart from Springer Nature, the No. 2 publisher, proudly reeled off the paywall-free share of the papers published in Springer journals by researchers from various countries — Sweden was the champ, at 90%. And Kumsal Bayazit, who took over as chief executive officer of Elsevier last February amid tense standoffs between the company and pro-open-access university systems in Germany, California and elsewhere, declared that “Elsevier fully supports open access, as I think is the case for all scholarly publishers today.”What happened?!? Partly it’s the forward march of digital progress (or disruption, or destruction), which Michael Mabe, the recently retired CEO of industry trade association STM, predicted will render “subscription models and content control by copyright ... untenable by 2030.” Partly it’s the European Union’s Plan S, which will require research funded by public grants to be published without paywalls starting next year. But it’s also that some universities and other research institutions in Europe came up with a plan for taking down subscription paywalls but continuing to pay publishers for what they do. “The key idea was to detach spending flows from subscriptions and reattach them to publishing services,” said Ralf Schimmer, the director of scientific information provision at the Max Planck Digital Library in Munich since 1999.The Max Planck Digital Library serves the Max Planck Institutes, a network of government-funded research centers in Germany that has played a central role in the open-access movement, starting with a 2003 conference in Berlin that resulted in a declaration that has since been endorsed by 648 universities and other research organizations from around the world. At 12 subsequent “Berlin conferences” (not all of them in Berlin), university administrators, librarians, nonprofit publishers and others honed their approach.This approach did not involve, as some open-access fans advocate, doing away with publishing middlemen and putting scholars in charge of the process. “I say open and clear that we want to destroy the subscription system, but I’ve never said we want to destroy the publishers,” Schimmer told me. “I find the idea that the research community could do the publishing itself to be utterly naive. Why should libraries or academia do a better job than publishers?”Adherents of the Berlin approach have aimed instead to flip university library subscription contracts for academic journals into “publish and read” or “transformative” deals in which approximately the same amount of money finances both (1) paywall-free publication of articles by that university’s faculty and (2) access to still-paywalled articles. Berlin-based Springer was the first of the big publishers to agree to a deal tending in this direction, with the Dutch university system in 2014. Since then it, Wiley and other publishers have signed dozens more. Elsevier has agreed to a few such deals, too, most recently with Carnegie Mellon University and the Dutch universities. It has been most notable, however, for its negotiation breakdowns with the Max Planck Institutes, Germany’s universities and the University of California system, among others. The UC system let its Elsevier subscription agreement lapse early last year when it couldn’t agree with the company on the pricing of a publish-and-read deal, and has been making do without access to new Elsevier publications ever since.Bayazit, a UC Berkeley graduate who is new to academic publishing but not to RELX, has been making the rounds of universities and clearly signaling that Elsevier is dialing down its confrontational approach. It did not escape notice at the APE conference that three of the four biggest academic publishers — Elsevier, Wiley’s research-publishing arm and No. 4 Taylor & Francis, a division of Informa Plc — are now run by women with no background in academic publishing. A new era seems to be dawning for the industry, and it has been reshuffling its leadership to meet it.That this new era may end up being dominated by the same big publishing companies that dominated the previous one is, of course, not going to be met with universal acclaim in academia. The turn to open access may well squeeze publishing profit margins, as those who don’t produce much research but do read it (lower-tier colleges and universities, practitioners) find they can do without subscriptions. But Elsevier in particular has been gearing up for years to reposition itself as a data analytics provider. A report prepared last year for the pro-open-access Scholarly Publishing and Academic Resources Coalition speculated that these efforts could reap big profits and give the company even more influence over universities than it wields now. When I ran these concerns by Schimmer, he nodded and said, “They are too good, and the academic community is just too divided.” In other words, getting to open access was hard enough. Completely reinventing the relationship between universities and the companies that profit from providing services to them was a bridge too far.(1) RELX has a market capitalization of about $50 billion, almost six times that of, just to name one example, Rupert Murdoch's News Corp.To contact the author of this story: Justin Fox at firstname.lastname@example.orgTo contact the editor responsible for this story: Stacey Shick at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
European information provider Relx has agreed to buy U.S.-based ID Analytics for $375 million to further boost its ability to spot fraud and produce credit scores for its fastest-growing risk division. Relx has transformed itself in the last decade, shedding its print publications and developing its ownership of data sets and analytics to help corporations make decisions. Listed in London, Amsterdam and New York, it has a market valuation of 37 billion pounds ($48 billion).
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;