Aston Martin shares have fallen nearly 420p since peaking in early February. After this slump, should I buy AML, or wait for an even lower share price?
London open: FTSE hits fresh post-pandemic high amid deal news
Fri, 7th May 2021 08:04
(Sharecast News) - London stocks rose in early trade on Friday, with the top-flight index hitting a new post-pandemic high as deal news and strong commodity prices provided a boost ahead of the latest US non-farm payrolls report.
At 0900 BST, the FTSE 100 was up 0.4% at 7,101.95.
Neil Wilson, chief market analyst at Markets.com said: The overriding market themes remain pretty well unabused: A monster commodity rally continues as the global economy heats up, and massive but messy rotation out of the tech/growth/momentum plays into more cyclical/value parts of the market.
Aston Martin Lagonda Q1 Loss Narrows, Volume Surges; Maintains Outlook; Stock Up
Adjusted EBITDA was 20.7 million pounds, compared to last year s loss of 38.1 million pounds.
Revenue increased 153 percent to 224 million pounds from prior year s 88.8 million pounds, principally due to wholesale growth and stronger pricing dynamics as dealer GT/Sport stock reduced as planned.
Total wholesale volumes surged 134 percent to 1,353 units from last year s 578 units.
Looking ahead, the company said its expectations and guidance for 2021, remain unchanged with first-quarter trading in-line with expectations and good forward visibility for both GT/Sport and DBX.
For the year, the company plans adjusted EBITDA margin in mid-teens, and Wholesales of about 6,000 units.
LONDON BRIEFING: Next cautious on outlook even as its raises guidance
Thu, 6th May 2021 08:15
(Alliance News) - UK clothing and homewares retailer Next on Thursday remained as dour as ever on Thursday, even while boosting its full-year profit guidance following a strong first quarter.
Investors were more positive. Next shares were up 1.9% in early trade.
Next said full price sales were down 1.5% in the 13 weeks to May 1 on two years ago, before the Covid-19 pandemic, which the company said was a more meaningful comparison.
The FTSE 100 constituent said it had assumed full-price sales during period would be down 10%, but beat this forecast by GBP75 million. Next raised its central guidance for full-year pretax profit by GBP20 million to GBP720 million.
LONDON MARKET CLOSE: DAX underperforms in rocky European session
Tue, 4th May 2021 17:08
(Alliance News) - A bright start to an abbreviated trading week in London soured into the afternoon, with stocks closing Tuesday in the red despite some upbeat UK manufacturing data.
Frankfurt s DAX 30 was particularly hard-hit amid Tuesday s sea of red after Infineon Technologies warned of continued chip supply problems.
The FTSE 100 index closed down 46.64 points, or 0.7%, at 6,923.17 on Tuesday. Markets in London were shut on Monday.
The FTSE 250 ended down 167.33 points, or 0.7%, at 22,330.04 on Tuesday, and the AIM All-Share closed down 23.09 points, or 1.8%, at 1,261.67.
The Cboe UK 100 ended down 0.8% at 688.47, the Cboe UK 250 closed down 0.7% at 20,007.61, and the Cboe Small Companies ended up 0.2% at 14,691.07.