News

CATEGORY: RISERS AND FALLERS

FTSE 250 movers: Aston Martin powers ahead

Fri 17 Nov 2023

LONDON (SHARECAST) - (Sharecast News) - London's FTSE 250 was 1.1% higher in afternoon trade on Friday at 18,548.41.
Aston Martin Lagonda was the standout gainer after its Formula One Team said it had agreed on an investment by US private equity firm Arctos Partners in exchange for a minority shareholding.

Executive chairman Lawrence Stroll said: "As investors in several leading sports franchises, Arctos brings deep industry knowledge, and I am thrilled that Aston Martin will be joining such a prestigious portfolio.

"The team has enjoyed tremendous success this season with eight podium finishes and our biggest points haul as a team, but our collective ambition is greater.

"Arctos see the potential and value of this project as we continue to build a world-class Formula One team. They share our vision for our ultra-luxury brand, and they are extremely passionate about the sport and its prospects."

The deal reportedly values the racing unit at around 1bn.

Elsewhere, Liontrust Asset Management was a high riser after results on Thursday.



FTSE 250 - Risers

Aston Martin Lagonda Global Holdings (AML) 225.00p 5.93%
Liontrust Asset Management (LIO) 608.50p 5.73%
Ceres Power Holdings (CWR) 215.00p 4.67%
British Land Company (BLND) 367.50p 4.61%
OSB Group (OSB) 385.00p 4.17%
Marshalls (MSLH) 231.00p 3.87%
Ninety One (N91) 182.90p 3.74%
Balanced Commercial Property Trust Limited (BCPT) 67.90p 3.66%
Jupiter Fund Management (JUP) 86.80p 3.58%
Paragon Banking Group (PAG) 496.60p 3.50%

FTSE 250 - Fallers

Digital 9 Infrastructure NPV (DGI9) 46.90p -7.31%
Bakkavor Group (BAKK) 86.20p -3.36%
Abrdn Private Equity Opportunities Trust (APEO) 450.00p -1.96%
ICG Enterprise Trust (ICGT) 1,228.00p -1.92%
Octopus Renewables Infrastructure Trust (ORIT) 92.50p -1.70%
Apax Global Alpha Limited (APAX) 165.00p -1.67%
Vietnam Enterprise Investments (DI) (VEIL) 566.00p -1.57%
North Atlantic Smaller Companies Inv Trust (NAS) 3,850.00p -1.28%
Essentra (ESNT) 159.00p -1.24%
Greencoat UK Wind (UKW) 146.20p -1.22%
 
Archived Stories

08 Dec FTSE 250 movers: Grafton in favour; Future still out of favour
08 Dec FTSE 100 movers: Sainsbury's boosted by upgrade; Anglo American slumps
07 Dec FTSE 100 movers: DS Smith recovers; Vodafone in the red
07 Dec FTSE 250 movers: Investors ring AJ Bell; Future looks bleak
07 Dec Bloomsbury set to beat full-year expectations



www.bolsamania.com www.sharecast.com http://www.proshareclubs.co.uk/ www.digitallook.com