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Adriatic Metals Plc has announced a change in major shareholdings, revealing that UBS Group AG has adjusted its financial instruments related to the company's voting rights. UBS now holds 7.13% of the total voting rights, indicating a strategic shift in its financial involvement with Adriatic Metals. The company currently has a market cap of £674.7M and a year-to-date price performance of -3.33%.
Adriatic Metals Plc has announced a change in major shareholdings, revealing that UBS Group AG has adjusted its financial instruments related to the company's voting rights. UBS now holds 7.13% of the total voting rights, indicating a strategic shift in its financial involvement with Adriatic Metals. The company currently has a market cap of £674.7M and a year-to-date price performance of -3.33%.
Manchester United plc operates as a professional soccer club, generating revenue through Commercial, Broadcasting, and Matchday sectors. Its Commercial revenue comes from sponsorship and retail, while broadcasting income is derived from television rights and its global channel, MUTV. The club's stadium, Old Trafford, accommodates 73,925 fans, including facilities for 556 disabled supporters.
Manchester United, supported by UBS, is optimistic about a return to the Champions League, citing a strong revenue base and new management focused on cost management. UBS projects potential revenues could reach £800 million with Champions League participation by the 2028 season, alongside plans for a full stadium redevelopment at Old Trafford, expected to generate an additional £200 million. Shares rose 0.1% to $17.70 in pre-market trading.
London Stock Exchange Group Plc has been upgraded to a Buy rating by UBS. The company's revenue is primarily generated from the publication and distribution of stock exchange information and data analysis (69.9%), followed by trading services (19.2%) and post-trade services (10.9%). Geographically, revenues are derived from the United Kingdom (30.9%), Europe (14.9%), the United States (36.6%), Asia (12.3%), and other regions (5.3%).
As the new year approaches, investors should be aware of the London Stock Exchange's trading hours during the festive period and into 2025. The exchange will be closed on Christmas Day and Boxing Day, reopening briefly on New Year’s Eve and fully on January 2. In 2025, it will observe 10 days of closure, including bank holidays, with trading hours typically from 8am to 4:30pm on weekdays.
UBS has initiated coverage of Manchester United and Juventus, favoring the former due to its potential for revenue growth linked to Champions League participation. While Manchester United's stock is seen as having a better outlook, Juventus faces challenges with its balance sheet and limited revenue growth unless it advances in European competitions. The bank forecasts Manchester United's revenues could reach £672 million for the financial year ending June 2025, while Juventus is expected to break even with sales of 528 million euros.
The FCA has issued a warning against the Solana-based memecoin Retardio, highlighting concerns over unauthorized financial promotions targeting UK consumers. The project, which has seen significant price fluctuations and speculative bubbles, lacks necessary authorizations, leaving investors vulnerable to scams and without access to consumer protections.
UBS has upgraded the London Stock Exchange (LSE) shares from "Neutral" to "Buy," raising the price target from 11,500 to 13,500 pence. Analyst Michael Werner noted that despite strong recent performance, the shares remain relatively cheap, with expected profit growth of 15% annually until 2027. The upcoming quarterly report is anticipated to be a key price driver, particularly in comparison to competitors.
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