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25 February 2021 | 07:51am StockMarketWire.com - Luxury carmaker Aston Martin Lagonda kept its guidance for 2021 unchanged after reporting wider annual losses as sales fell sharply owing to the pandemic impact and an ongoing plan to cut dealer inventory. For the year ended 31 December, pre-tax losses widened to £119.6 million from £466 million, as revenue fell 38% to £611.8 million. Retail sales fell 32% to 4,150 vehicles and wholesales fell 42% to 3,394 vehicles reflecting its action to reduce dealer stock levels and the Covid-19 impact, the company said. The rebalancing process to match supply to demand was expected to be largely completed in Q1 2021. For 2021, the first full year of the plan, the company said it expected to see the first steps towards improved profitability. ....
25 February 2021 | 08:38am StockMarketWire.com - The FTSE 100 climbed almost 20 points to 6,678.32 this morning, continuing its resurgence from yesterday on the back of stronger oil prices. The Government s roadmap out of lockdown, announced at the start of the week, has continued to provide a boost to the outlook for many businesses. Associated British Foods today said it expected to reopen 83% of Primark stores by 26 April, and forecast better-than-expected first-half performance for its grocery, sugar, agriculture and ingredients businesses. Its share price continued on its upward trajectory, reaching £24.38 this morning. Spectris Shares price was down 1.39% at £30.45 in spite of announcing a 5% increase in its full year dividend for 2020, alongside a £200 million share buyback programme. ....
19 February 2021 | 13:51pm StockMarketWire.com - Luxury carmaker Aston Martin Lagonda has announced that Amr AbouelSeoud, who has served as a director of the company since 7 September 2018, has stepped down from the board with effect from 18 February 2021. Aston Martin Lagonda announced that the shareholding of the Adeem/Primewagon shareholder group is now less than 7% of its issued share capital. In accordance with the relationship agreement between the company and the Adeem/PW Group, AbouelSeoud, the representative director of the Adeem/PW Group, agreed to step down and the relationship agreement has been terminated. AbouelSeoud was the longest serving director within the group since March 2007. ....