Man Utd shares up 5% over bid

SHARES in Manchester United gained just over 5% yesterday after the world’s biggest football club confirmed it has received a takeover approach.

Although the short statement from the club did not name the bidder, it is reported to be its second biggest shareholder, Malcolm Glazer, the US businessman.

The news sent shares in United up 13p to 271p on the London stock exchange at one stage yesterday.