5 Killer Stats
Uber Technologies announced this week that it was planning to offer around $10 billion worth of stock in its Initial Public Offering, which would value the disruptive transport company at around $100 billion. Interest in the offer will be closely followed, given the performance of Lyft which made its market debut last month and has seen its shares slide around 12% at the time of writing.
Sports Direct loses on Debenhams
The stalwart of many UK High Streets has been the subject of an intense battle this week. Saddled with debts, Sports Direct and its CEO Mike Ashley had been trying to take control, but instead it was the company’s lenders who won out. Shareholders are likely to get noting – including Sports Direct who had spent an estimated £150 million buying up 30% of the company’s stock in recent months.
Tesco pre-tax profits
Full year results from Tesco this week served to impress, with the company claiming that the majority of its turn-around goals have now been met. Revenues increased by 11% to almost £64 billion, although margins fell just short of target at 3.45%. Shares in the company jumped around 3.5% off the news to levels not seen in six months.
Shares at ASOS
The online fashion retailer published results this week which showed a marked decline in profits, but investors were reassured by the guidance. The CEO said the company could do better and a series of capital expenses are now close to being fully deployed within the business. Shares jumped by over £5 at one point on Wednesday, equal to a 16.5% gain, before finishing the day 8% ahead.
Up £10 million
Online sales at Dunelm
The soft furnishings retailer remains a bright spot in the sector, with quarterly results impressing yet again this week. The company’s push into online channels is proving hugely successful, with digital sales up by a third, compared to a 10% increase from its physical stores. The company’s valuation jumped by around £50 million as a result of the news.
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