MARKET REPORT: Aston Martin shares go back into reverse as rumours emerge that Geely is cooling on idea of buying stake in car maker
Aston Martin shares went back into reverse last night as rumours emerged that Chinese motoring group Geely is cooling on the idea of buying a stake in the James Bond car maker.
Formula 1 billionaire Lawrence Stroll is reported to be the front-runner to help prop up the ailing luxury marque.
The City grapevine believes Canadian racing tycoon Stroll is in talks to invest around £200m into Aston, though Jefferies analysts believe it needs at least £400m to stay afloat.
The company is keeping tight-lipped, though many are expecting an update as soon as next week. It follows a surprise profit warning earlier this month, which followed a glum December and what chief executive Andy Palmer described as a 'very disappointing year'.
In the update, Aston said it was in talks with several 'potential strategic investors'.
Shares in Aston skidded down 7.2 per cent, or 35p, to close at 452p.
Private hospital group NMC Health was on the up after it appointed a former high-profile FBI director to investigate allegations about its finances made in an attack by US hedge fund Muddy Waters last month.
Louis Freeh, a former FBI boss and federal judge, will examine the company's debt levels, th ..
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