LONDON BROKER RATINGS: Exane raises Rentokil; RBC cuts Centrica
18th Mar 2024 09:11
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning: Read More
Aston Martin Lagonda Global Holdings PLC - Gaydon, England-based luxury sports car maker - Announces the successful pricing of a GBP1.15 billion refinancing exercise which says will further strengthen the company's financial position and support its long-term growth. Says subsidiary, Aston Martin Capital Holdings Ltd, priced USD960 million aggregate principal amount of 10.00% senior secured notes due 2029 and GBP400 million aggregate principal amount of 10.375% senior secured notes due 2029. In addition, states existing lenders have entered into a new super senior revolving credit facility agreement, which increases by around GBP70 million to GBP170 million. Aston Martin says this provides additional liquidity as it continues to accelerate its growth strategy. Settlement is expected on or around March 21. Proceeds will be used to redeem existing senior secured notes and second lien split coupon notes, and repay in full the borrowings under its existing revolving credit facility. Executive Chair Lawrence Stroll says the "successful pricing of this planned refinancing marks another significant step in transforming our balance sheet and aligning Aston Martin for a positive financial future". Stroll adds: "With Aston Martin's long-term financing now secured, we can focus on the continued execution of our brand and product strategy which will underpin the attainment of our near and medium-term financial targets." Read More
Aston Martin Lagonda Global Holdings PLC - Gaydon, England-based luxury sports car maker - Launches offer of GBP1.14 billion in five-year senior secured debt notes. Also enters new super senior revolving credit facility with its existing lenders, who have agreed to increase their commitment to GBP170 million from GBP100 million. Aston Martin says the proceeds from the note offer will be used to repay other notes, as well as all borrowings under its current RCF. Read More
(Alliance News) - Plans for a "British Isa" were among the marquee policies announced by the UK Chancellor Jeremy Hunt, in a move which could breathe some life into the UK stock market. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning: Read More
(Alliance News) - Aston Martin Lagonda Global Holdings PLC has pushed back plans for its first electric car by a year as the group revealed it remained heavily loss-making and missed already-lowered production targets. Read More
(Alliance News) - Aston Martin Lagonda Global Holdings PLC on Wednesday said it is on track to hit a key margin target after posting a narrowed annual loss and a modest fourth-quarter profit. Read More
(Alliance News) - Stock prices in London opened in the red on Wednesday, following some disappointing results from large-cap constituents, with the market awaiting key US data. Read More
(Alliance News) - Stocks in London are set to open flat on Wednesday, with investors awaiting US data which will inform expectations of the path of interest rates in the world's largest economy. Read More
(Alliance News) - Stock prices in London pushed higher on Tuesday, with the FTSE 100 registering its first rise in four trading days, with oil major BP the star performer. Read More
(Alliance News) - Aston Martin Lagonda Global Holdings PLC is on the hunt for a successor to Amedeo Felisa as chief executive officer, according to Bloomberg. Read More
(Alliance News) - Stock prices in Europe closed mixed on Wednesday, with a confident start giving way to more cautious trade ahead of the first of a trio of central bank decisions later. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: Read More
(Alliance News) - Stocks in London took their lead from a positive start on Wall Street to close higher as investors prepare for interest rate decisions in the UK and US. Read More
(Alliance News) - Stock prices in London were lower at midday Wednesday, as investors eye two key interest rates from the US Federal Reserve and the Bank of England. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More