Aston Martin loses £670m in value after share price crash
Shares in luxury car manufacturer Aston Martin fell more than 20% after it revealed pre-tax losses of £68m.
The market value of the Gaydon-based group dropped by £670m yesterday, continuing the downward trend since it floated in October.
The company went public with a £4.3bn valuation but it closing share price of £10.80 now values it at less than £2.5bn.
Russ Mould, investment director at AJ Bell, said: "It may still be James Bond’s favourite model but shares in luxury car maker Aston Martin Lagonda appear to have... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
