Advertisement
UK markets close in 7 hours 31 minutes

  • FTSE 100

    8,080.67
    +40.29 (+0.50%)
     

  • FTSE 250

    19,619.17
    -100.20 (-0.51%)
     

  • AIM

    753.96
    -0.73 (-0.10%)
     

  • GBP/EUR

    1.1665
    +0.0020 (+0.17%)
     

  • GBP/USD

    1.2508
    +0.0046 (+0.37%)
     

  • Bitcoin GBP

    51,153.57
    -2,226.97 (-4.17%)
     

  • CMC Crypto 200

    1,383.22
    +0.65 (+0.05%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CRUDE OIL

    83.08
    +0.27 (+0.33%)
     

  • GOLD FUTURES

    2,335.80
    -2.60 (-0.11%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,265.27
    +64.00 (+0.37%)
     

  • DAX

    18,006.29
    -82.41 (-0.46%)
     

  • CAC 40

    8,069.31
    -22.55 (-0.28%)
     
Property:

How to sell your home

Top tips from property investors

Major Aston Martin shareholder cuts stake in British carmaker

Reuters
Updated ·1-min read
Britain's Prince Charles visits the new Aston Martin Lagonda factory in Barry

(Reuters) - A top Aston Martin <AML.L> shareholder cut its stake in the British carmaker by nearly 5%, a regulatory filing showed on Monday.

Italian private-equity firm Investindustrial Advisors Ltd disclosed a stake of 14.99% in Aston Martin as of May 29, compared with its previous stake of 19.92%. It was not immediately clear why the fund cut its stake. https://reut.rs/2XmLRlp

Investindustrial is the company's second-biggest shareholder after Canadian billionaire Lawrence Stroll, according to Refinitiv Eikon data.

The 107-year old luxury carmaker in May posted a deep first-quarter loss after sales dropped by almost a third due to the impact of the novel coronavirus outbreak.

Aston Martin and the PE firm did not immediately respond to requests for comment.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Anil D'Silva)