Shares of Aston Martin surged 13% after announcing plans to raise over £125 million through funding from Chairman Lawrence Stroll’s investment vehicle and selling a minority stake in the Formula One racing team. Yew Tree Consortium, led by Stroll, will increase its stake to roughly 33% from 27.7%, with the company also intending to sell its minority investment in the Aston Martin Aramco Formula One Team to raise at least £74 million. The move aims to strengthen the balance sheet and provide support for future product innovation and business transformation, boosting confidence in the company’s sustainable profitability.
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More hot weather forecast as Canada battles fires and smoke billows south
Wildfires are ravaging Saskatchewan and Manitoba, prompting states of emergency and evacuations for thousands, including all 5,000 residents of Flin Flon. With hot, dry weather expected to continue, air quality alerts are issued across Canada and parts of the U.S. Midwest, with smoke impacting areas as far away as Chicago. Despite a cold front bringing some rain to Saskatchewan, strong winds threaten to exacerbate the wildfire situation, marking one of the worst seasons in recent...
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