3 days ago - proactiveinvestors.com

Manchester United Plc (NYSE:MANU) has reportedly proposed to cut about 250 jobs as part of a club-wide redundancy program. A source close to the company told Reuters that the job cuts would come across all departments and levels of the club except for its charitable arm, Manchester United Foundation.

1 week ago - proactiveinvestors.co.uk

Manchester United owners the Glazer family are facing a potential bill running into hundreds of millions of dollars after a court judgement affecting all NFL team owners. A California jury ruled that the National Football League (NFL) violated antitrust laws, ordering it to pay $4.7 billion in damages to customers who purchased its Sunday Ticket package for live games via satellite television.

2 weeks ago - proactiveinvestors.co.uk

Jim Ratcliffe, the billionaire co-owner of Manchester United Plc (NYSE:MANU), has publicly backed Labour ahead of July's general election, citing dissatisfaction with current Conservative policies and leadership. Ratcliffe, who holds a minority stake in the football team through the chemicals giant Ineos, said he “had enough” of Sunak's policies and the string of failed prime ministers.

3 weeks ago - businesswire.com

MANCHESTER, England--(BUSINESS WIRE)--Manchester United plc (NYSE: MANU), will commence work to modernize the men's first team building at Carrington Training Complex next week, with a focus on creating a high-performance collaborative environment for players and staff. The £50 million project will result in all areas of the building being refurbished to deliver a world-class football facility with a positive culture to support future success. The architectural practice Foster + Partners, led b.

4 weeks ago - marketwatch.com

They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good.

1 month ago - https://www.prnewswire.com

SINGAPORE, May 19, 2024 /PRNewswire/ -- OKX, a leading crypto exchange and Web3 technology company, today announced a strategic partnership with Hidden Road Partners (Hidden Road), the global credit network for institutions. This partnership aims to offer a turn-key experience for Hidden Road's clients, enabling them to execute advanced trading strategies and facilitate delta rolls more efficiently. This partnership centers on the integration of OKX's Nitro Spreads, a venue to execute basis, futures spreads, and funding rate arbitrage strategies, into Hidden Road's prime brokerage offerings. This will provide Hidden Road's robust institutional client base with the following benefits and capabilities: Hidden Road International CEO and Global Head of Business Development Michael Higgins said: "Hidden Road continually seeks to increase market access and capital efficiency through expanded prime brokerage offerings. Integrating OKX's Nitro Spreads product builds upon this philosophy by extending our counterparties' ability to execute risk-managed arbitrage strategies." OKX Global Chief Commercial Officer Lennix Lai said: "Leveraging the superior liquidity of Nitro Spreads, our strategic partnership with Hidden Road enables us to extend the reach of OKX's deep liquidity and efficient execution of advanced strategies to an expanded network of institutional traders. Our collaboration further streamlines the trading experience for Hidden Road clients and underscores our technical expertise in the institutional trading space." This collaboration follows OKX's recent achievement of surpassing its all-time high in monthly futures spreads trading volume on Nitro Spreads, reaching nearly US$5 billion* in March 2024. The milestone is a testament to the exchange's dedication to enhancing its institutional offerings. For example, OKX recently launched a 'Quick Trading' mode on Nitro Spreads, which enables users to instantly select the 'Top of Book' on any spread/side with a double-click, removing the need to manually open order books or input details. *Source: Laevitas (as of April 5, 2024) For further information, please contact: [email protected] About OKX OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world. As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1 and Olympian Scotty James, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Film Festival as part of an initiative to bring more creators into web3. The OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com About Hidden Road Hidden Road Partners is the global credit network for institutions, enabling seamless access to traditional and digital markets. Conflict-free and built on a modern technology stack, Hidden Road removes complexity and cost in prime brokerage, clearing, and financing. For more information, please visit: hiddenroad.com Disclaimer This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances.

2 months ago - businesswire.com

MANCHESTER, England--(BUSINESS WIRE)--Manchester United plc (NYSE: MANU), has made two further changes to its executive leadership. By mutual consent, Patrick Stewart, interim Chief Executive Officer, and Cliff Baty, Chief Financial Officer, have decided to leave the club at the end of the season. Patrick will be replaced as CEO by Jean-Claude Blanc until the arrival of Omar Berrada on July 13th. Cliff Baty will be replaced as CFO by Roger Bell. Joel Glazer said: “I would like to thank Patrick.

3 months ago - businesswire.com

MANCHESTER, England--(BUSINESS WIRE)--Manchester United and Malaysia Airlines have announced a multi-year partnership which will see the award-winning airline become the club's official commercial airline. As an established and respected name in global aviation, Malaysia Airlines prides itself on representing Malaysia and providing best-in-class customised experiences for its passengers, reflecting the Malaysian culture of a welcoming and hospitable service. The partnership was announced by Mal.

3 months ago - zacks.com

Manchester United (MANU) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

3 months ago - proactiveinvestors.co.uk

Manchester United Plc (NYSE:MANU) shares represent a significantly less attractive investment in the wake of Sir Jim Ratcliffe's INEOS taking its influential stake in the business, that's according to analysts at Deutsche Bank. The German bank, in a note, has cut its share price target to $16.00 from $20.30 - versus a market price of $14.67 – and retained a ‘hold' rating.

3 months ago - benzinga.com

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

3 months ago - proactiveinvestors.com

Manchester United Plc (NYSE:MANU) said it's relying on new co-owner Jim Ratcliffe to help the club “deliver success on the pitch”, while management continues to deliver record revenues. Sales during the group's second quarter, which covered the three months to 31 December 2023, reached a record £225.8 million as the football team continues to enjoy the financial benefits of UEFA Champions League participation.

3 months ago - businesswire.com

MANCHESTER, England--(BUSINESS WIRE)--Manchester United (NYSE: MANU; the “Company,” the “Group” and the “Club”) – one of the most popular and successful sports teams in the world – today announced financial results for the 2024 fiscal second quarter ended 31 December 2023. Cliff Baty, Chief Financial Officer, said: “We delivered strong revenues during the first half of the fiscal year and have reiterated our guidance for record revenues for the full fiscal year. This is an exciting time at Manc.

3 months ago - zacks.com

Manchester United's (MANU) second-quarter fiscal 2024 results are expected to reflect solid contributions from its reportable line of businesses, along with high costs and expenses.

4 months ago - seekingalpha.com

Manchester United's share price has fallen rapidly since Sir Jim Ratcliffe's investment was completed last month.

4 months ago - businesswire.com

MANCHESTER, England--(BUSINESS WIRE)--Manchester United plc (NYSE: MANU), one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports, today announces that it will report results for the second quarter fiscal 2024 period ended 31 December 2023 via press release on 12 March 2024 at 7:00 AM EST. About Manchester United Manchester United is one of the most popular and successful sports teams in the world, playing one of the most popular specta.

4 months ago - cnbc.com

New Manchester United co-owner Jim Ratcliffe said on Friday that return on investment had nothing to do with his decision to invest in the English soccer giant.