AML.L - Aston Martin Lagonda Global Holdings plc

LSE - LSE Delayed price. Currency in GBp
58.50
+7.75 (+15.27%)
At close: 4:40PM BST
Stock chart is not supported by your current browser
Previous close50.75
Open53.60
Bid55.90 x 0
Ask56.25 x 0
Day's range51.00 - 58.50
52-week range1.44 - 353.13
Volume56,097,775
Avg. volume14,529,112
Market cap889.206M
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)-87.60
Earnings date13 May 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est1,849.11
  • Aston Martin shares leap as CEO replaced with Mercedes chief
    Yahoo Finance UK

    Aston Martin shares leap as CEO replaced with Mercedes chief

    Shares in the struggling car maker jumped over 30% after the leadership change that was leaked over the weekend was confirmed by the board.

  • British retail reopening plan lifts blue chip index
    Reuters

    British retail reopening plan lifts blue chip index

    The mid-cap FTSE 250 <.FTMC> rose 3.3% to its highest close in more than 2-1/2 months after Johnson said Britain will reopen thousands of high street shops, department stores and shopping centres next month. "The consumer will need to do the bulk of the heavy lifting so confidence to get out of the house and start to live a normal life will be critical to this recovery," Stephen Innes, markets strategist at AxiCorp, said. The FTSE 100 has recovered sharply from its March sell-off and is now on course for its biggest two-month percentage gain in two years.

  • Aston Martin confirms Mercedes boss Moers will replace CEO Palmer
    Reuters

    Aston Martin confirms Mercedes boss Moers will replace CEO Palmer

    Aston Martin confirmed on Tuesday that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer who stepped down on Monday. The Financial Times newspaper reported over the weekend that Palmer would step down, before he had been informed. "The board has determined that now is the time for new leadership to deliver our plans," Lawrence Stroll, Aston Martin Lagonda's Executive Chairman said.

  • Aston Martin chief Andy Palmer reported to leave luxury car giant
    Yahoo Finance UK

    Aston Martin chief Andy Palmer reported to leave luxury car giant

    Ailing luxury carmaker Aston Martin is expected to announce the resignation of chief Andy Palmer later this week.

  • Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source
    Reuters

    Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source

    The luxury carmaker said in an emailed statement that it is reviewing its management team but declined to comment on Palmer's fate. Palmer and Germany's Daimler AG <DAIGn.DE>, which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment.

  • Fast and Furious Debt Pile-Up Threatens U.K.’s Luxury Carmakers
    Bloomberg

    Fast and Furious Debt Pile-Up Threatens U.K.’s Luxury Carmakers

    (Bloomberg) -- British luxury carmakers’ bonds have tumbled amid sluggish sales and the prospect of a brutal global recession, just as the heavily-indebted companies mull raising more cash to cope with the Covid-19 pandemic.McLaren Group Ltd.’s notes have fallen to a record low after the carmaker was forced to halt production and this year’s Formula 1 racing series was postponed. Debt of Aston Martin Lagonda Global Holdings Plc and Jaguar Land Rover Plc are also languishing below face value, according to data compiled by Bloomberg.These companies may well need to get debt investors on side as they require more cash to battle the impact of the pandemic. McLaren is seeking up to 300 million pounds ($367 million) of financing while Aston Martin has said it may raise more funds just months after securing a cash injection from its new billionaire owner Lawrence Stroll.“Many of these companies were already burning through cash before this crisis,” said Uli Gerhard, a senior portfolio manager at Insight Investment Management Ltd. “More debt won’t solve the problem. If equity is not there, they’ll have to repair their balance sheets.”A spokesman for McLaren Group said the firm is exploring “a variety of different funding options to help navigate these short-term business interruptions.”An Aston Martin spokesman said the company is exploring additional funding and re-financing options to increase liquidity, as it’s prudent given “ongoing uncertainties.”Representatives for Jaguar Land Rover, owned by India’s Tata Motors Ltd., didn’t reply to a request for comment on the company’s debt pile and whether it plans to raise more funds.While these junk borrowers don’t have immediate debt maturities, the prospect of mounting losses adds further pressure to their already levered balance sheets, according to Joel Levington, director of fixed income research at Bloomberg Intelligence.“A business shock of just a few weeks has created chaos in the sector,” he said. These carmakers “simply don’t have the product breadth, geographic reach or financial flexibility to withstand this crisis as other mass carmakers do.”U.K. car sales have been hit hard by the pandemic with new registrations falling 97% in April to a level not seen since just after World War II. Even as some factories start to reopen, there are questions about what demand will look like for luxury vehicles as the world’s economy shrinks.Supercar maker and racing team owner McLaren requires new funding just months after completing a similar-size capital raise in March. The new borrowing could take the form of debt secured against the value of its Surrey headquarters and car collections, Sky News reported last week.The company is also negotiating breathing room on debt tests with its banks as liquidity deteriorates, management told investors last month. S&P Global Ratings and Moody’s Investors Service have downgraded McLaren’s rating to eight levels below investment grade.Aston Martin reported a wider first-quarter loss and a 60% slump in revenue last week. The pandemic has dealt a fresh blow to the comeback plan outlined by Canadian billionaire Stroll. Aston Martin has already warned it may need more funds just months after Stroll provided a 536 million-pound cash injection.“Fine Balance”The company’s Chief Executive Officer Andy Palmer said last week that deliveries of the firm’s game-changing SUV model DBX are on track to begin in summer, but that it still needs to invest in new products to come out of the coronavirus crisis in a position of strength.That’s a common problem. In many cases new models and electric vehicles are crucial for these companies and months of depressed sales risks jeopardizing those plans.“It’s a fine balance between spending what they can spend without damaging their financial profile too much,” said Ilana Elbim, a senior credit analyst at Federated Hermes.Jaguar Land Rover was forced to keep it factories closed for almost two months before reopening this week, damaging sales. S&P and Fitch have downgraded the company to B, five levels below investment grade.For Gerhard at Insight, all three companies face a grim outlook as consumers curtail spending on big ticket items.“This crisis is likely to make everyone poorer and more cautious,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    LIVE MARKETS-EZ industrial production: Long way back to 2017 highs

    * EZ industry output suffers record fall in March Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. The pandemic came as a huge blow to EZ manufacturers, with industry output suffering its deepest monthly fall on record.

  • Reuters - UK Focus

    LIVE MARKETS-When will a vaccine be ready? Here's a guess!

    * EZ industry output suffers record fall in March Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. A limited number of vaccine doses could be available before year end, says the European pharma team at Credit Suisse.

  • What to Watch: Aston Martin losses deepen, GDP slump, TUI job cuts
    Yahoo Finance UK

    What to Watch: Aston Martin losses deepen, GDP slump, TUI job cuts

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Reuters - UK Focus

    LIVE MARKETS-Opening snapshot: Risk-off mood hits banks, Vodafone up

    You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Risk-off mood gripped the financial markets on fresh fears about a second wave of the coronavirus outbreak, while the gradual easing in lockdowns is under way. While utilities, retail and telcos are standing their ground even if in negative territory.

  • Reuters - UK Focus

    LIVE MARKETS-On the radar: L'Oreal, banks, Aston Martin and Volvo

    You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Commerzbank posted a worse than expected net loss of 295 million euros, as the lender undergoes a restructuring due to the coronavirus outbreak. Commerzbank shares are down 2.3% in early trade.

  • Aston Martin posts deep quarterly loss as pandemic slams brakes on sales
    Reuters

    Aston Martin posts deep quarterly loss as pandemic slams brakes on sales

    Aston Martin <AML.L> posted a deep first-quarter loss after sales dropped by nearly a third due to the impact of the coronavirus crisis, though the luxury car maker said production of a crucial sport utility vehicle was on track. Aston Martin, popular for being James Bond's carmaker of choice, suffered a torrid time since it floated in October 2018, seeing its share price tumble from 19.00 pounds to around 40 pence. Dire conditions forced the company to bring in Canadian billionaire Lawrence Stroll to invest in the firm, while Aston said it will continue to review future funding and refinancing options to boost liquidity.

  • Aston Martin posts deep loss as coronavirus outbreak hits sales
    Reuters

    Aston Martin posts deep loss as coronavirus outbreak hits sales

    Aston Martin posted a first-quarter pretax loss of 119 million pounds ($146 million) after sales dropped by nearly a third due to the impact of the coronavirus outbreak and the destocking of dealers, the carmaker said on Wednesday. "COVID-19 and the resulting global economic shutdown has had a material impact on our performance this quarter," said Chief Executive Andy Palmer. The carmaker, which has seen core retail sales slump by an annual 31%, has furloughed staff, introduced additional safety measures and cut the pay of its senior management as part of measures to handle the crisis caused by the pandemic.

  • Reuters - UK Focus

    Nissan plans to restart output at UK's biggest car factory in June

    Nissan will restart phased production in early June at its northern English Sunderland factory, Britain's biggest car plant, as the sector tries to resume operations amid the coronavirus outbreak. BMW's Rolls-Royce car factory looks set to be the first British car factory to resume output with a start date of May 4. Aston Martin, Bentley and Britain's biggest carmaker Jaguar Land Rover are also due to resume some production next month.

  • Reuters - UK Focus

    Coronavirus slashes UK car output as industry warns of big hit

    The British car industry faces losing output worth more than 8 billion pounds ($10 billion) due to the coronavirus outbreak, which cut production in March by a third, falling to its lowest level since 2009, an industry body said on Thursday. The sector, Britain's biggest exporter of goods which employs more than 800,000 people, saw factories and dealerships begin to close from mid March with only some having set reopening dates for May. Automakers around the world have warned of the scale of the challenge affecting manufacturers already struggling to deal with tougher emissions rules, the hit to diesel sales and the cost of electrification and autonomous technology.

  • UK's Aston Martin plans to restart St Athan unit, cuts executives' pay
    Reuters

    UK's Aston Martin plans to restart St Athan unit, cuts executives' pay

    The company also announced pay cuts of between 5% and 35% for its senior leadership team on Thursday, with new boss and Formula 1 team owner Lawrence Stroll electing to receive a nominal salary of 1 pound per annum. Earlier in the week, Aston Martin, popular for being James Bond's carmaker of choice, said it was focusing on launching production of its first sport utility vehicle under Stroll.

  • Aston Martin plans to restart St Athan unit, cuts executives' pay
    Reuters

    Aston Martin plans to restart St Athan unit, cuts executives' pay

    The company also announced pay cuts of between 5% and 35% for its senior leadership team on Thursday, with new boss and Formula 1 team owner Lawrence Stroll electing to receive a nominal salary of 1 pound per annum. Earlier in the week, Aston Martin, popular for being James Bond's carmaker of choice, said it was focusing on launching production of its first sport utility vehicle under Stroll.

  • New Aston Martin boss says focus on SUV launch, restarting factories
    Reuters

    New Aston Martin boss says focus on SUV launch, restarting factories

    Like thousands of UK firms, Aston Martin suspended production at two factories in late March under the country's stringent lockdown against the coronavirus outbreak. "In this first year we will reset the business," Stroll, the company's new executive chairman, said on Monday. "Our most pressing objective is to plan to restart our manufacturing operations, particularly to start production of the brand's first SUV, DBX, and to bring the organisation back to full operating life."

  • New Aston Martin chief says focus on SUV launch, restart
    Reuters

    New Aston Martin chief says focus on SUV launch, restart

    "In the midst of the most challenging environment, globally, that any of us have ever experienced, all of my and the management team's energies will now be dedicated to building on the inherent strengths of the Company," Stroll, now the company's executive chairman, said in a statement.

  • Mercedes F1 boss Wolff takes a stake in Aston Martin
    Reuters

    Mercedes F1 boss Wolff takes a stake in Aston Martin

    Mercedes Formula One boss Toto Wolff has taken a stake in British sportscar maker Aston Martin, whose executive chairman Lawrence Stroll runs the Racing Point F1 team, according to company filings. A Mercedes F1 spokesman said Wolff's move was purely an investment on the Austrian's part and would be diluted by a rights issue on Monday from 4.77% to less than 1%.

  • Aston Martin extends manufacturing suspensions by a week over coronavirus
    Reuters

    Aston Martin extends manufacturing suspensions by a week over coronavirus

    Aston Martin <AML.L> is extending by a week the manufacturing suspensions in place at its two car factories, ahead of the arrival of its crucial first sport utility vehicle, whilst lockdown measures to combat coronavirus continue. The luxury automaker, which secured fresh investment earlier this year after struggling since a stock market flotation in late 2018, is banking on the DBX model to drive sales in a new segment, appealing more to female buyers.

  • Aston Martin furloughing some staff after coronavirus plant closures
    Reuters

    Aston Martin furloughing some staff after coronavirus plant closures

    Britain's Aston Martin said on Monday it is furloughing some employees as it handles the fallout from the coronavirus outbreak which has closed its car factories. The pandemic has shut both the luxury brand's plants, just as it starts production of its first sport utility vehicle, the DBX, crucial to a turnaround after disappointing sales last year contributed to a plunge in its share price. Aston confirmed its capital-raising plans on Monday that will see a consortium led by Canadian billionaire Lawrence Stroll take a stake in the company.

  • Aston Martin share price – momentum weakens
    Stockopedia

    Aston Martin share price – momentum weakens

    Momentum is sticky and persists for longer than investors tend to anticipate. The downside of this is that stocks with recent negative momentum are likely to c8230;

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