Updates
** Shares of Premier League club Manchester United MANU.N rise 10.5% to $15.26
** Co lifts its adjusted core profit forecast to between 180 million pounds ($244 million) and 190 million pounds for the year ending June, up from an earlier projection of 145 million to 160 million pounds
** Soccer club is coming off its worst season since their relegation in 1974 after losing to Tottenham Hotspur in the UEFA Europa League last month
** Ticket sales jumped more than 50% to 44.5 million pounds in the three months to March
** CEO Jim Ratcliffe, who holds an about 29% stake, has been carrying out a cost-cutting drive to revive the club's glory and fortunes, including cutting jobs, raising ticket prices and stopping free lunches
** As of last close, MANU stock down 20.4% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.