Aston Martin shares climb as HSBC says investors should buy its stock November 11, 2019 Aston Martin’s share price climbed today after HSBC advised investors to buy the troubled luxury car maker’s stock despite its latest loss. The manufacturers of James Bond’s favourite ride swung to a £13.5m loss in its latest quarter as Brexit fears dampened demand in the UK and EMEA. Read more: Aston Martin is hoping next [...]
Aston Martin is hoping next year’s James Bond movie will boost sales November 7, 2019 The chief executive of ailing luxury car manufacturer Aston Martin hopes next year’s James Bond movie will give the firm a financial boost. Shortly after announcing the company had fallen to a £13.5m loss in the third quarter of the year, Andy Palmer said the series usually gives Aston Martin a lift in China, a [...]
Aston Martin swings to £13.5m loss as it blames ‘soft’ UK demand November 7, 2019 Aston Martin sank to a loss in its third quarter as demand for its luxury cars dried up, it revealed today, but shares still rose 10 per cent as it looked ahead to sales-boosting new models. The figures James Bond’s favourite car maker found little love from other buyers as it swung to a loss [...]
Aston Martin faces calls for board shake-up October 6, 2019 A year on from its disastrous stock market float, luxury car giant Aston Martin is facing calls to bring in new directors on its board. The British marquee brand has suffered a drop in shares of nearly 75 per cent since it floated in October this year. It has stalled in the face of mounting [...]
Aston Martin: The float that left the City shaken, not stirred October 2, 2019 Over the years, Aston Martin observers have watched the firm’s most famous client, James Bond, career into the river Tiber, skid across the polar ice caps and hurtle off an alpine road in its cars. Each time, ludicrously, he emerges alive. So when chief executive Andy Palmer told investors: “We don’t make cars, we make [...]
Red flag warning as Aston Martin raises $150m from bond issue September 25, 2019 James Bond favourite Aston Martin has successfully raised $150m (£120m) from a bond issue as it seeks to improve liquidity in an uncertain trading environment. Read more: Short sellers target Aston Martin’s debt pile The luxury carmaker’s $150m raise involved 12 per cent notes due in 2022. But shares sank as investors quailed at the [...]
Aston Martin in hedge funds’ cross hairs as short sellers target its debt August 13, 2019 Hedge funds have taken record short positions in Aston Martin’s debt and equity, betting that the firm’s recent stock market struggles are far from over. The car maker has suffered a 73 per cent decline in shares since its October float. The decline has slashed more than £3bn from its market value. As a result, [...]
In a spin: Aston Martin suffers £78m first half loss as shares hit record low July 31, 2019 Aston Martin shares plumbed new depths this morning as the firm reported a first half loss of £78.8m, blaming a slowing global market and tumbling UK and European sales. Read more: Ex-Audi chief Rupert Stadler faces criminal charges for his role in dieselgate scandal The troubled car maker is still reeling from a profit warning [...]
Aston Martin revenue warning leaves shareholders shaken, not stirred July 24, 2019 A week before Aston Martin’s half-year results are due, the James Bond car maker has yet again used its license to kill the share price. The luxury manufacturer this morning cut its sales expectations to 6,300-6,500 vehicles, down from 7,100 to 7,300 cars. Read more: Aston Martin shares crash 24 per cent as it slashes [...]
Aston Martin’s biggest shareholder to make £68m bid to increase its stake July 1, 2019 Aston Martin’s largest shareholder, Investindustrial, is looking to increase its stake in the carmaker by a further three per cent. It comes nine months after the luxury brand saw its shares crash by almost 50 per cent following its initial public offering. Read more: Ford to cut 12,000 jobs across Europe and close down five [...]