European companies cut jobs as economy sputters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 15 2024
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Source: reuters
- Impact of Inflation and War in Ukraine on European Companies: Many companies across Europe are freezing hiring or cutting jobs due to elevated inflation levels and the impact of the war in Ukraine.
- Announced Layoffs Since April: Several companies such as TSB, Metso, Thyssenkrupp, Unilever, Novartis, and others have announced significant job cuts ranging from a few hundred to over a thousand positions.
Analyst Views on MANU
About MANU
Manchester United plc and its subsidiaries are a men’s and women’s professional football club together with related and ancillary activities. It generates revenue from multiple sources, including Commercial, Broadcasting and Matchday. Within the Commercial sector, it monetizes its global brand via two revenue streams: sponsorship and retail, merchandising, apparel, and product licensing. It benefits from the distribution of live football content directly from the revenue it receives and indirectly through increased global exposure to its commercial partners. Its broadcasting revenue is derived from the television rights relating to the Premier League, UEFA club competitions and other competitions. In addition, its wholly owned global television channel, MUTV, delivers Manchester United programming to territories around the world. Matchday operates Old Trafford, a football club stadium with over 74,197 seats, inclusive of accessible platforms accommodating 556 disabled supporters.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
