, Aston Martin Lagonda has downgraded forecasts for this year due to weak demand in China and the impact of supply chain disruption. Adjusted earnings are now expected to be slightly down on last year, with the company no longer expecting to achieve positive free cash flow in the second half of this year. It said: “External factors within the global automotive industry, including supply chain disruption and weak demand in China, are now impacting Aston Martin's volume outlook for the remainder of 2024.
” The company said it remains focused on achieving its targets for 2025 It added: “From now on, and for the first time in many years, Aston Martin will be in the enviable position of commencing the new year with a fully reinvigorated portfolio of ultra-luxury high performance models.” , The Shanghai Composite has jumped by another 7%, continuing the strong run for China stocks ahead of tomorrow’s week-long holiday. The surge of 19% in the past week comes after a series of stimulus measures in support of the world’s second largest economy.
The Hang Seng index is also up by 3% but the Nikkei 225 slumped 4% In Tokyo. In London, the FTSE 100 index is forecast to fall by about 26 points to 8295. , House prices are rising at their fastest rate for nearly two years as lower mortgage rates boosts buyer demand, latest figures show today.
Leading lender Nationwide said the average price of a home in the UK was up 3.2% in the year to September, up from 2.4 in August, having jum.