Aston Martin drops out after fundraising


Aston Martin drops out after fundraising

09:10 GMT – Aston Martin Lagonda Global Holdings tumbles 9% after a report claimed the sports car maker is looking to raise money to boost its finances as it ramps up investment in new technologies such as electrification. A spokesman for Aston Martin said the company does not comment on rumors or speculation, according to the report in industry publication Autocar. “Investors put the brakes on shares of Aston Martin, which fell 9% after a report suggested it was looking to raise more money to protect its future,” the chief investment officer said. AJ Bell, Russ Mold, in a note. “Anyone looking to support the business now would no doubt want to offset the risk a lot.” ([email protected])

 
Companies News: 

Smiths secures uninsured pension liabilities via £640m deal with Rothesay Life

Smiths Group PLC said on Thursday it had reached an agreement to secure its remaining uninsured pension liabilities through a £640 million ($775.7 million) block annuity buyout with specialist Rothesay Life PLC. British pensions.

Frasers Group buys 28.7% stake in MySale for undisclosed amount

Frasers Group PLC announced on Thursday that it has bought a 28.7% stake in Australian fashion market MySale PLC.

WPP acquires Australian marketing technology services agency

WPP PLC announced on Thursday that it has agreed to acquire Bower House Digital, an Australian-based marketing technology services agency, for an undisclosed amount.

Bunzl Updates 2022 Views on Organic Revenue Growth and Acquisitions

Bunzl PLC said on Thursday it had raised its full-year guidance and currently expects robust revenue growth and operating margins to be slightly above historical levels, driven by acquisitions. and organic revenue growth.

IAG converts 14 A320neo Family options into firm orders

British Airways owner International Consolidated Airlines Group SA said on Thursday it had converted 14 A320neo family aircraft options into firm orders for 11 A320neos and three A321neos.

M&C Saatchi sees 2022 profit in line with forecasts

M&C Saatchi PLC said on Thursday that its overall pre-tax profit for 2022 was in line with internal expectations of around 31 million pounds ($37.6 million).

MyHealthChecked sees better than expected 1H performance on strong momentum

MyHealthChecked PLC said Thursday that it started 2022 in a strong position in terms of revenue, customer service and delivery after positive momentum in 2021.

Virgin Money to buy up to £75m worth of shares

Virgin Money UK PLC said on Thursday it had launched a buyback program to buy back up to 75 million pounds ($90.9 million) of its shares.

GB Group shareholder AG Acuant sells 5m shares at 400p each

Numis Securities Ltd. announced on Thursday that it had sold 5 million ordinary shares of identity data specialist GB Group PLC at 400 pence (484.84 US cents) each.

Inland Homes Widened first-half pre-tax loss on contract costs, reduced net debt

Inland Homes PLC said on Thursday its pre-tax loss widened due to rising costs, but it reduced its net debt.

Hunting expects Ebitda to rise in 2H after first-half performance meets expectations

Hunting PLC said on Thursday its first-half performance was in line with expectations and forecast a return to profitability for the full year.

Civitas Social Housing FY2022 pre-tax profit, revenue increase

Civitas Social Housing PLC on Thursday reported an increase in pre-tax profit for the financial year 2022 and said its plans will bring additional benefits to its shareholders

Orcadian Energy to raise £1m via share issue

Orcadian Energy PLC on Thursday announced plans to raise around 1 million pounds ($1.2 million) through a share issue to fund the development of its Pilot oil field in Britain’s North Sea.

Unbound Group to Launch Multi-Brand Platform, Online Performance Hotter Shoes

Unbound Group PLC announced on Thursday that it will be launching a multi-brand platform and expects to benefit from increased subscriber engagement as well as increased cross-selling and up-selling opportunities.

Similarly, sales more than doubled in 1 hour

Similarly, Group PLC said Thursday that sales more than doubled in the first half of 2022 compared to the same period a year earlier.

Verditek shares fall as it raises £1.5m via underwriting discounted shares

Shares of Verditek PLC fell on Thursday after the company said it raised 1.5 million pounds ($1.8 million) through a subscription for 101.3 million shares at a reduced price per share.

7Digital publications expanded the loss of 2021; Fall in stocks

Shares of 7Digital Group PLC fell on Thursday morning after the digital music solutions company announced a widened loss for 2021 and said it had taken out a loan from its director and shareholder Tamir Koch.

REACT moved to 1H loss on higher costs, sees stable 2H sales pipeline growth

REACT Group PLC said on Thursday it turned to a net loss in the first six months of the 2022 financial year due to rising costs following the acquisition of fellow Fidelis Contract Services, and despite the fact that its revenue more than doubled after acquiring the company.

Cornerstone shares fall after widening 2021 pre-tax loss, non-executive chairman steps down

Shares of Cornerstone FS PLC fell on Thursday after the company announced an expanded pre-tax loss for 2021 on large administrative expenses, and said non-executive chairman Elliott Mannis was stepping down.

Shield Therapeutics takes out $10 million loan after failing to raise equity; Fall in stocks

Shares of Shield Therapeutics PLC fell on Thursday after it said it could not complete a $30 million equity financing and reported an expanded net loss for 2021.

 

Contact: London NewsPlus; [email protected]

(END) Dow Jones Newswire

June 30, 2022 05:35 ET (09:35 GMT)

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