Aston Martin shares come under pressure – London Business News | Londonlovesbusiness.com

Aston Martin has said their shares have come under pressure for the second time in as many months.

The luxury carmaker said they have asked investors for more money and are planning to raise funds after warning underlying earnings will be lower than predicted between £270 and £280 million.

Following the financial update, at one stage on Wednesday share fell to as low as 9% and have now settled at 5%.

Adrian Hallmark, chief executive of Aston Martin, said, “We thank our investors, including our strategic investors who continue to show strong support for the company, for their commitments and confidence in Aston Martin.

“With this financing successfully secured, we are now well positioned for growth.”

Lawrence Stroll, the group’s executive chairman, added, “With the strong backing of Aston Martin’s strategic shareholders and the board, Adrian now leads the company into an exciting 2025 with a stronger and more resilient balance sheet.”