Luxury car market Aston Martin has seen its shares drop to a two-year low in London after announcing a cash call to raise funds for future growth opportunities and its electrification strategy. The company also issued a profit warning due to delays in the delivery of its ultra-exclusive Valiant models, leading to a reduction in operating profits. Shares fell as low as 98.1p, the weakest since October 2022. Despite the challenges, executive chairman Lawrence Stroll remains optimistic about delivering long-term value to shareholders.
In other news, the London stock market has been hit by news of food delivery company Just Eat Takeaway delisting from the LSE due to regulatory burdens. The French stock exchange Cac 40 has also dropped to a three-month low, led by bank stocks and exporters.
US tariffs announced by Donald Trump have caused concern among policymakers, with warnings of economic growth risks and potential impacts on global trade. The Bank of England’s deputy governor, Clare Lombardelli, has cautioned against trade barriers, while trade experts fear a global trade war if other countries retaliate with tariffs. Trump’s proposed tariffs could lead to increased inflation in the US, while posing a political dilemma for the UK in terms of trade alignment.
Overall, the global economy is facing uncertainty due to trade tensions and market fluctuations, with various economic data being closely monitored for signs of recovery or further challenges. As the world navigates through these uncertainties, investors and policymakers are closely monitoring developments to assess the impact on various industries and markets.
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