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Search resuls for: "Wednesday's Financial"


3 mentions found


☆ Manchester City report record profits to match best season on pitch
  + stars: | 2023-11-15 | by ( Lori Ewing | ) www.reuters.com   time to read: +4 min
"The 2022-23 season saw Manchester City scale new heights and set new benchmarks," City chairman Khaldoon Al Mubarak, said in a statement. "In short, last season saw Manchester City achieve the greatest football and commercial year of its storied history." Commercial revenues accounted for 341.4 million pounds, followed by broadcast at 299.4 million and then matchday at 71.9 million, for a profit of 80.4 million, nearly doubling the previous year's record profit of 41.7 million pounds. Profits also benefited from significant player trading with 121.7 million pounds generated from transfers, up a significant 79.8% over the previous 12 months. On the pitch, manager Pep Guardiola guided City to a third successive Premier League title, an enthralling 2-1 FA Cup final victory over rivals Manchester United, and a first ever Champions League title.
Persons: Lee Smith, Sheikh Mansour, Khaldoon Al Mubarak, Pep Guardiola, Lori Ewing, Toby Davis Organizations: Soccer Football, Premier League, Manchester City, Chelsea, Etihad, Premier, Rights, Manchester City FC Ltd, Broadcasting, Champions League, FA, City, Brand Finance, Real Madrid, Manchester United, Deloitte Football Money League, soccer, Real, Club, Super League, Thomson Locations: Manchester, Britain, Rights MANCHESTER, England, Real Madrid
☆ Morning Bid: Dollar swoons in upbeat inflation vigil
  + stars: | 2023-07-12 | by ( ) www.reuters.com   time to read: +4 min
A look at the day ahead in U.S. and global markets from Mike DolanWorld markets leaned positively into another critical U.S. inflation report later on Wednesday, seeding a dollar (.DXY) slide to two-month lows that's revved-up yen and sterling gains. And June's CPI readout should be a marker if the consensus forecast for almost a full percentage-point drop in the headline inflation rate to two year lows of just 3.1% is borne out. Still, encouraged by a screed of other positive disinflation signals this week, U.S. markets are relatively buoyant going into the release and still feel the end of the Fed rate rise campaign is nigh. UK bank stocks pushed higher on the rates view and a relatively clean bill of health from Wednesday's financial stability report from the BOE. The Reserve Bank of New Zealand paused its long-running rate rise campaign early on Tuesday.
Persons: Mike Dolan, BOE, Thomas Barkin, Raphael Bostic, Neel Kashkari, Loretta Mester, Joe Biden, Nick Macfie Organizations: Federal Reserve, Fed, yearend, Treasury, Bank of Japan, Bank of, recoiling, Reserve Bank of New Zealand, Bank of Canada, Japan's Nikkei, Microsoft, Activision, Richmond Federal, Atlanta Fed, Minneapolis Fed, Cleveland Fed, NATO, . Treasury, Reuters, Reuters Graphics, Thomson Locations: U.S, Asia, Shanghai, Hong Kong, British, Vilnius
☆ Morning Bid: China factory fright, dollar surges
  + stars: | 2023-05-31 | by ( ) www.reuters.com   time to read: +4 min
The yuan , now down more than 3% from its early May peaks, skidded to its lowest level of the year against the dollar as investors considered the possibility of further credit easing by the Chinese central bank. The dollar index hit its highest level since mid-March, with the European inflation news and China demand picture knocking the euro to its lowest in two months too. German import prices fell at an annual rate of 7% in April and the ECB's financial stability report warned about a "disorderly" hit to house prices from higher mortgage rates. The House Rules Committee voted 7-6 on Tuesday to approve the rules allowing a debate and vote by the full chamber. Overall, stock markets slipped back slightly - with Hong Kong's Hang Seng index the big underperformer after the Chinese factory release.
Persons: Mike Dolan, Loretta Mester, Philip Jefferson, Susan Collins, Patrick Harker, Christine Lagarde, Jane Merriman Organizations: Federal Reserve, Cleveland Fed, Wednesday's Financial, European Central Bank, Dallas Fed, Boston, Philadelphia Fed, Consumer, Thomson, Reuters Locations: U.S, Europe, China, Italy, Chicago
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