5 Killer Stats
Starbucks shares hit record
Strong sales in US in China have contributed to the coffee chain’s impressive share price jump up 2%. 94% of new store openings were outside the US bringing the total of stores globally to 30,184 an increase of 7% against this time last year.
Fine for Facebook
The social networking site, Facebook, is expecting a $5bn fine from the US regulators. This is all the hangover of the Cambridge Analytica scandal from 2011 violations of data privacy. Whilst this is the largest fine Facebook would have incurred, revenue is higher than expected ($15.08bn vs. $14.97bn expected) as is the number of active users 2.38bn (vs. 2.37bn).
Microsoft market value
One of only three US public firms to have hit $1trillion, Apple and Amazon being the others. The market value was announced this week following better than expected sales and profits. Microsoft’s stock has risen by about a third in the past year, helped by the growth of its cloud business.
Stock valuation for Uber
The ride-hailing service targeting a valuation of $80bn to $90bn – substantially less than bankers had suggested the business could be worth but still the highest valuation for a US tech company since Facebook floated in 2012. Uber is set to list on the New York Stock exchange in early May.
Carpet Right shares
Shares in the flooring retailer Carpet Right have finally made a jump from 12.7p to 28p. After three years of low poor results, the retailer has closed 65 under-performing stores in the UK, refurbished its remaining shops and changed its finance head which is said to contribute to the improved results.
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