Home / Features / Facebook (NASDAQ:FB) Will Open A New London Headquarters Next Year And Create Another 500 Jobs- Star Bulk Carriers (SBLK)

Facebook (NASDAQ:FB) Will Open A New London Headquarters Next Year And Create Another 500 Jobs- Star Bulk Carriers (SBLK)

Facebook, Inc. (NASDAQ:FB) [Trend Analysis] increased reacts as active mover, shares raise 4.06% to traded at $121.77 and the percentage gap among open changing to regular change was 1.01%. Facebook (FB) reported that it will open a new London headquarters next year and create another 500 jobs, the leading social network stated Monday, despite uncertainty over Brexit. The group stated the move will take its UK workforce to 1,500 staff, adding that Britain “remains one of the best places to be a tech firm”, amid  ongoing jitters over the nation’s looming exit from the Eu.

The news comes one week following US tech giant Google confirmed it would expand its vast London campus in a move that could bring 3,000 more jobs. The Facebook announcement will be confirmed later at the yearly meeting of top business lobby group the Confederation of British Industry, which is the country’s top employers’ organisation. “The UK remains one of the best places to be a tech firm and is an important part of Facebook’s story,” stated Nicola Mendelsohn, the firm’s vice president for Europe, the Middle East and Africa. The firm’s current ratio calculated as 11.70 for the most recent quarter. The firm past twelve months price to sales ratio was 14.32 and price to cash ratio remained 13.51. As far as the returns are concern, the return on equity was recorded as 15.30% and return on investment was 8.40% while its return on asset stayed at 13.80%. The firm has total debt to equity ratio measured as 0.00.

Star Bulk Carriers Corp. (NASDAQ:SBLK) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.19% to close at $5.41 with the total traded volume of 397175 shares. Star Bulk Carriers Corp. (NASDAQ:SBLK) reported that its unaudited financial and operating results for the third quarter and nine months ended September 30, 2016.

Petros Pappas, Chief Executive Officer of Star Bulk, commented: “We released recently our THIRD QUARTER and nine months 2016 financial results. Total incomes for the quarter were at $60 million, corresponding to an average daily TCE per vessel of $7,558. Our average daily OPEX per vessel for THIRD QUARTER 2016 was $3,784, reduced by 15.6% y-o-y. Our average daily G&A expenses and management fees for THIRD QUARTER 2016, net for non-cash items, were at $1,047 per vessel. Adjusted EBITDA was $11.9 million, surged by 94% y-o-y, as our cost and process optimization initiatives continue to bear fruit.” The firm has institutional ownership of 68.50%, while insider ownership included 19.80%. Its price to sales ratio ended at 1.28. SBLK attains analyst recommendation of 2.40 with week performance of 5.25%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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