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 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 Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

Deliveroo PLC (LSE:ROO) was a rare flash of green on a day of red in global stock markets, pedalling 3% higher after Barclays upgraded its rating and set out six reasons to own the stock. Moving to an ‘overweight' stance on the shares, the reasons set out by the bank's analysts were as follows: growth should improve in 2024 mid-term margin upside is seen M&A upside once founder Will Shu's special class B shares are due to expire in April possible cash returns valuation support on free cash flow basis and F ...

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 ...