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0 -0.000344827586206872 0.00125391849529778 0.0069216300940439 -0.00689655172413789 -0.00815047021943579 -0.0163009404388715 -0.00940438871473356
Stock impact report

Manchester United post profit after Sir Jim Ratcliffe's cuts [Yahoo! Finance]

Manchester United Ltd. Class A Ordinary Shares (MANU) 
Last manchester united ltd. class a ordinary shares earnings: 2/25 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.manutd.com
Company Research Source: Yahoo! Finance
There was an operating loss of almost £7m in the corresponding period last year. United said this turnaround was down to the “impact of operating cost and headcount reduction programmes” in which staff numbers have been reduced by over a third to around 700 over the past 18 months. Nonetheless, United's finances remain tight as they continue to navigate the delicate balance between cost-cutting and investment in Ruben Amorim's first team squad at a time when revenues continue to be hit by the absence of European football and the loss of the training kit partner. Although wages have fallen by over eight per cent for the quarter to £73.6m thanks to the loan exits of the high earning Marcus Rashford and Jadon Sancho to Barcelona and Aston Villa respectively, Amorim is under pressure to get United back into Europe next season. Sponsorship income also dropped by 9.3 per cent because of the failure so far to find a replacement for their training kit deal with Tezos, which expired in Show less Read more
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