|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||28.52 - 28.52|
|52 Week Range||15.41 - 28.52|
|Beta (5Y Monthly)||1.70|
|PE Ratio (TTM)||19.18|
|Forward Dividend & Yield||1.74 (6.10%)|
|Ex-Dividend Date||May 07, 2021|
|1y Target Est||N/A|
In this article, we are going to talk about the 10 best home insurance companies. You can skip our detailed discussion about property and casualty insurance insights and go to the 5 Best Home Insurance Companies. One of the most significant investments you will ever make is buying a home. It’s critical to safeguard your investment, […]
(Bloomberg) -- Firms are betting on the long-term future of Europe’s offices as vaccine rollouts entice workers back to city centers.AXA IM Alts, part of AXA Investment Managers, has raised about 800 million euros ($949 million) from investors in Asia, the U.S. and Europe to develop offices and homes, according to a statement Thursday. The asset manager will target flexible offices in the U.K., France and Germany as firms adapt their working practices in the wake of the pandemic.“Whilst the office sector has been characterized by uncertainty around future occupier need, it will remain an essential amenity for businesses to attract talent and we expect to see increased demand for CBD locations,” said Ian Chappell, head of development and value-added funds at AXA IM Alts.British Land Co. said Thursday that it had rented out almost a third of a major City of London redevelopment four years ahead of its scheduled completion, in a further boost for the capital’s office market.Real estate broker Jones Lang LaSalle Inc. has agreed to take 134,000 square feet (12,450 square meters) of space at 1 Broadgate in the heart of the financial district. The building will house Chicago-based JLL’s flagship U.K. office upon its expected completion in 2025.The deals contrast with fears that companies and their employees will opt to spend less time in the office even after lockdown restrictions ease across the continent, with many firms vowing to slash their real estate footprint. Still, offices topped the list of targets for more than a third of real estate investors surveyed by CBRE Group Inc. last month, with London the most popular destination for those looking to Europe.“1 Broadgate will be central to our plan as we recognise the importance that offices play in collaboration, innovation and fostering culture and wellbeing,” Stephanie Hyde, JLL’s head of U.K. and Ireland, said in the statement.Bloomberg reported last month that British Land were also in talks to lease about 300,000 square feet of office space at 1 Broadgate to law firm Allen & Overy, according to people familiar with the negotiations. That would be the biggest office lease signed in London since the onset of the pandemic.AXA’s bet on flexible office space comes as financial firms such as Grant Thornton UK LLP are finding from surveys that the vast majority of their workers would like to spend more than half their time working remotely. Rival firm PricewaterhouseCoopers is giving its employees Friday summer afternoons off this year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Stripe Inc.’s valuation almost tripled in less than a year to $95 billion with its latest funding round, making it the most valuable U.S. startup.The online payments processing company drew $600 million in its latest fundraising, Stripe said in a statement.The valuation figure is at the top of the range Bloomberg News reported in November, when Stripe was in talks with investors that would boost its value to more than $70 billion, with the possibility of pushing it to as high as $100 billion. The valuation also overtook billionaire Elon Musk’s SpaceX and Instacart Inc., according to CBInsights data.Stripe was founded in 2010 by two Irish siblings: 32-year-old Patrick Collison and his younger brother John, 30. Their net worth surged to $11.4 billion each with the latest valuation, according to the Bloomberg Billionaires Index, up from $4.3 billion in the last funding round.The company’s software, which competes with Square Inc. and Paypal Holdings Inc., is used by businesses to accept payments. Customers include Amazon.com Inc., Salesforce.com Inc., and Lyft Inc.Stripe will invest in its European operations, in particular its headquarters in Dublin, to support surging demand and expand its global payments and treasury network. It also has a dual headquarters in San Francisco, according to its website.Primary investors in Stripe also include the digital investment unit of Allianz Group, Axa SA, Baillie Gifford, Fidelity Management & Research Co., Sequoia Capital and Ireland’s National Treasury Management Agency, the company said Sunday.Stripe didn’t really need the money in spite of the fundraising, Chief Financial Officer Dhivya Suryadevara said. “I view this as a bit more opportunistic,” she said in an interview on Sunday. The company “is highly capital efficient.”Stripe was valued at $36 billion as recently as April, when it raised $600 million from investors including Andreessen Horowitz and Sequoia Capital.“It will just sit on the balance sheet,” Mike Moritz, partner at Sequoia Capital and a Stripe board member, said in an interview, emphasizing that the money will just be “a rainy day fund -- it pays to have a little more insurance.”Stripe has benefited as some of its customers such as Instacart, which started out small, grew into significant companies. For Stripe, “the growth has been rapid and perhaps more rapid than anticipated,” Moritz said.Both Moritz and Suryadevara said Stripe will continue to seek out acquisitions. The company isn’t focusing on an initial public offering right now, the CFO said, and picked investors who shared its long-term view. “The next 10 years and beyond are even more exciting,” she added.Mark Carney, former governor of both the Bank of England and Bank of Canada, joined its board last month. He will help guide Stripe’s efforts to enable more businesses to bring funding to emerging carbon removal technologies.Stripe, which sells software allowing businesses to accept online payments, has been a beneficiary of the e-commerce boom accelerated by the coronavirus pandemic. The company has recently branched out to offer checking accounts to businesses through e-commerce providers, working with banks including Citigroup Inc., Goldman Sachs Group Inc. and Barclays Plc.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.