Luxury car manufacturer Aston Martin has seen its shares plummet to a two-year low in London after announcing a cash call and warning of lower profits. The company, facing softening demand in China, raised £211 million by issuing new shares and debt. Delays in delivering its ultra-exclusive Valiant models have also impacted profitability.
Aston Martin’s shares dropped to 98.1p this morning, the lowest since 2022, before slightly recovering. Executive chairman Lawrence Stroll remains optimistic, promising long-term value to shareholders as the company faces challenges in delivery and demand.
In other news, the financial regulator in Britain has fined a former Wizz Air executive over £125,000 for trading shares in breach of rules. Trump’s tariffs are expected to impact consumer prices, and US core PCE inflation could increase significantly. Chinese stocks rallied on hopes of new stimulus measures to counteract the tariffs.
Meanwhile, easyJet reported an increase in profits despite Middle East turmoil affecting demand. Trump has appointed a new trade representative, suggesting a continued focus on tariffs in his administration. And policymakers around the world are analyzing the consequences of his proposed trade policies, with concerns about potential economic impact and the risk of a global trade war.
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