About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Group 1 - Manchester United Plc has reduced its earnings guidance due to its exit from the UEFA Champions League and a decrease in broadcasting revenue [1] - The club now expects revenue to be between £635 million and £665 million for the year ending June 30, down from previous expectations of £650 million to £680 million [1] - Adjusted EBITDA guidance has also been lowered from a range of £140 million to £165 million to a range of £125 million to £150 million [1] Group 2 - In the quarter ending September, Manchester United reported a 9.3% increase in revenue to £157.1 million compared to the previous year, but a 1.3% decline in adjusted EBITDA to £23.3 million [1] - Commercial revenue for the quarter rose by 3.4% to £90.4 million year-over-year [1] - The club's ownership situation has been under scrutiny, with UK billionaire Jim Ratcliffe acquiring a 25% stake after a prolonged sale process [2]

At face value, European private equity appears to be in good shape. Despite soaring borrowing costs and tighter leverage conditions, new Pitchbook data underscored a near-record level of PE fundraising across continental Europe, the UK and Ireland. Nearly €120 billion (£1.3 billion) in capital was raised across 117 funds and while deal value was down 26.5% year on year, this at least made for a resilient year given prevailing macroeconomic conditions. Furthermore, deal value was still 10% to 20% higher than ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Ryanair Holdings PLC (LSE:RYA) chief executive Michael O'Leary has indicated potential further delays in Boeing aircraft deliveries could to drag on the airline's expansion plans. After a panel of a Boeing 737 Max 9 fell off mid-flight earlier this month, the Irish budget carrier said last week that fares are likely to rise due to delivery delays curtailing capacity. O’Leary told reporters today that he was not yet concerned the incident would have a significant impact on expansion, but said “you couldn’t r ...

Nvidia Corporation (NASDAQ:NVDA) stock hit another all-time high on Tuesday, in a sign that the bubble may not be over yet for the semiconductor megacap. Shares reached $563.89 at NASDAQ’s closing bell, bringing Nvidia’s market capitalisation to an eye-watering $1.39 trillion. Nvidia’s market valuation has tripled in the past 12 months thanks to an artificial intelligence premium. The company’s top-spec microchips became synonymous with the AI revolution after OpenAI used thousands of Nvidia H100 units to t ...

The Walt Disney Company (NYSE:DIS) has formally rejected board member candidates put forward by activist investors, including Nelson Peltz. Chief executive Bob Iger wrote that the company had embarked on an “unprecedented transformation” in becoming cost efficient and that he did “not endorse” the nominees in a letter to shareholders on Tuesday. Activist investor Trian Fund Management put forward two candidates for Disney's board in December, including its chief executive Peltz. Former Disney chief financia ...

Freshly minted bitcoin exchange-traded funds are seeing exceptionally large trading volumes since last week’s landmark debuts from BlackRock Inc (NYSE:BLK), Grayscale, Fidelity and VanEck, among others. Bloomberg data shows a total of $10 billion in trading volumes across 10 ETF products in the first three trading days, an “insane” volume, according to Bloomberg’s ETF seer Eric Balchunas. He stated on social media: “Let me put into context how insane $10b in volume is in first 3 days. There were 500 ETFs la ...