Manchester United shares rise after Erik ten Hag's dismissal as coach

Wall Street displayed positive momentum alongside the Swiss market, with Sonova's stock surging due to a deal with Costco. Conversely, DocMorris experienced a decline.

Investors reacted positively to the dismissal of head coach Erik ten Hag, resulting in a nearly three percent rise in the US-listed shares of Manchester United. This decision comes after a disappointing start to the season, with the team currently in 14th place in the Premier League after nine matches. Ruud van Nistelrooy, a former striker and assistant coach, has been appointed as interim manager until a permanent replacement is found.

Despite investing over £600 million in new players since the beginning of the 2022/23 season, the club's stock price has fallen approximately 20 percent year-to-date.

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