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Tag: Aston

Aston Martin drives 'milestone' £5bn float

Aston Martin drives 'milestone' £5bn float

Business
Aston Martin says it is gearing up for a "key milestone" in its history through a stock market listing. The luxury UK sports car manufacturer confirmed a story by Sky News on Tuesday that it had started the flotation process, with the aim of launching the prospectus for its Initial Public Offering (IPO) on 20 September.Further details were expected to be released later on Wednesday when registration documents, submitted to the Financial Conduct Authority (FCA), are due to be published.Sky's City editor, Mark Kleinman, has already reported that the IPO would be expected to value James Bond's favourite carmaker - currently owned by Italy's Investindustrial and Kuwaiti vehicle Investment Dar - at £5bn. Image: The 1964 Aston Mar...
Aston Martin revs up for London listing

Aston Martin revs up for London listing

Business
Aston Martin is expected to confirm plans to list on the London Stock Exchange when it announces annual results on Wednesday morning.The British sports car maker said earlier this year it was considering making its shares available to the public or looking for a buyer.It is understood the company will seek to sell a stake worth about £1bn, valuing it at between £4bn and £5bn.Aston Martin sold 5,000 cars last year making its first profit since 2010.Its main shareholders, Italian private equity fund Investindustrial and a group of Kuwaiti investors, hired an investment bank to advise on options at the start of the year.Under Andy Palmer, who left Nissan to become chief executive in 2014, Aston Martin's fortunes have been revived with the f...
Aston Villa transfer news: Steve Bruce concedes Jack Grealish MUST be sold, with Tottenham Hotspur leading the way

Aston Villa transfer news: Steve Bruce concedes Jack Grealish MUST be sold, with Tottenham Hotspur leading the way

Sports
HIT THE ROAD JACK The 22-year-old has been a star over the past three years for the Villans, but Financial Fair Play restrictions means they must sell Jack Grealish will be sold by Aston Villa in this summer transfer window, Steve Bruce has confirmed. After failing to gain promotion to the Premier League via the play-offs last season, the Villans were crippled by Financial Fair Play. Villa have to sell star man Grealish this summer In order to preserve the status, the Midlands-based side must sell their prized assets – with Grealish expected to lead the way. With nearly £40 million needed in cash injection, Bruce admitted he just hoped clubs act fast so the club can move on. “The first thing we have to address, before w...
Bank trio to lead £4bn Aston Martin float

Bank trio to lead £4bn Aston Martin float

Business
The British luxury car-maker Aston Martin is lining up a trio of banks to lead a prospective £4bn stock market listing that could take place within months.Sky News has learnt that the manufacturer of James Bond's vehicle of choice is close to hiring Deutsche Bank, Goldman Sachs and JPMorgan as the global co-ordinators for a long-awaited initial public offering (IPO).The appointment of the three investment banks is understood to have been recommended by board members and is awaiting sign-off from Aston Martin's two Italian and Kuwaiti shareholders, according to insiders.If confirmed, the move will see Deutsche, Goldman and JPM take the most prized positions on a public listing that has had dozens of Wall Street and City banks clamouring to be involved.Aston Martin, which said in February th
Preston North End 0-2 Aston Villa: In-form Villa move up to fifth in Championship table

Preston North End 0-2 Aston Villa: In-form Villa move up to fifth in Championship table

Sports
Aston Villa moved up to fifth in the Championship table with a comfortable 2-0 win over Preston.First-half goals from James Chester and Robert Snodgrass earned Steve Bruce his first managerial victory at Deepdale and means Villa have won six of their last eight league games.Preston remain 10th having lost their last three league matches, conceding eight goals in the process.Villa had a chance to take the lead inside the opening minute but Snodgrass sliced his effort from 12 yards onto the roof of the net after getting round his marker.And the visitors could have scored again seven minutes later, as Albert Adomah burst down the right before cutting back to Keinan Davis but his strike from 12 yards was well saved by Chris Maxwell.But it only took another four minutes for that goal to come as...