List of All Articles with Tag 'son'

American Equity Investment Life Holding Co. shares soared to an all-time high after an arm of Canadian investment

President Joe Biden is ready to take full political ownership of the U.S. economy -- a reflection of the White House belief that inflation is fading, job growth is solid and voters need to know about it

California Gov. Gavin Newsom and state legislative leaders have reached an agreement on how to spend the state's tax dollars over the next year

Manchester United have projected record annual revenue of up to £640million in the current financial year as the takeover saga surrounding the club rumbles on. United’s owners, the Glazer family, are weighing up offers for the club from Qatari banker Sheikh Jassim and Sir Jim Ratcliffe, the founder of chemicals firm Ineos. The Glazers first indicated they could sell by initiating a strategic review last November but the bidding process has dragged on. Reports have suggested Sheikh Jassim’s bid – which is for 100 per cent of the club – is now the most likely to be accepted. Sources close to the Qatari bid have indicated their eagerness to close the deal, with the summer transfer window now open. Supporters staged fresh protests against the Glazers at Old Trafford on Tuesday as the club launched the kit for next season. Revenue guidance for the current financial year was raised to a record £630m to £640m in the third quarter financial results for the period ending March 31, 2023, which were released on Tuesday. This is driven by record match attendance and matchday revenues. Ticket sales for the 2022-23 season surpassed the previous record set in 2016-17, with 2.4m sold. Global memberships also hit 360,000, which United said was the largest paid membership programme in world sport. Revenue for the third quarter was up 11 per cent on the same period last year. Broadcasting revenue was slightly down on the corresponding period due to the club being in the Europa League rather than the Champions League, but was partially offset by the club’s performance in domestic cup competitions. Cash and cash equivalents are at £73.7m, down from £95.8m in the same period last year, reflecting the investment that has been made in the team. However, the figure is £31m higher than in the second quarter, boosted by money coming in from sponsorship and ticket sales. Summer recruitment will not be affected by the results, according to sources close to the club, with enough cash available to enable United boss Erik ten Hag to invest in the team. The limiting factor is understood to be the requirement to stay within financial sustainability rules.

BRASILIA Brazil's central bank signaled on Tuesday that a majority of its policymakers see a possibility of initiating

Pakistan’s prime minister says he hopes the International Monetary Fund will make its decision in a day or two on the fate of the much-needed $6 billion bailout package for his country

The UK and EU pact is being seen as a step towards better relations over financial services.

U.S. stock index futures edged higher on Tuesday following a recent bout of losses on Wall Street, as

The Federal Reserve’s stress test is usually the most dreaded part of Wall Street firms’ annual capital planning.

John Goodenough, who shared the 2019 Nobel Prize in Chemistry for developing the lithium-ion battery that revolutionized modern life, has died at the age of...

The U.S. ambassador to Thailand has dismissed claims of American interference in recent elections as a “disservice” to the Thai people

Indonesia’s anti-graft court has opened a trial for a former communication and information technology minister who was charged with corruption over the construction of mobile phone transmission towers in remote parts of the country