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 [...]
Aston Martin braces for shareholder rebellion against chief executive’s pay June 13, 2019 Aston Martin shareholders are gearing up to rebel against executive pay just months after the firm’s £4.3bn initial public offering last year. Read more: Aston Martin shares crash 18 per cent on investment bank warning Several investors plan to reject chief executive Andy Palmer’s pay packet, according to Sky News. It comes after the world’s [...]