The motor marketplace Auto Trader published full year results this morning and whilst this delivered some punchy headlines of profit, revenue and margin improvement, market sentiment wasn’t quite as supportive. With little in the way of stand-out news being seen in the outlook, the solid gains posted over the last month have been eroded and in early trade the Autotrader share price was down more than 11%.
FTSE-250 listed Spanish copper miner Atalaya published Q1 numbers this morning which received a warm reception from investors. The company saw its best production level since Q2 2021 with extraction costs well below previously stated guidance and management expressing optimism over the year ahead. Guidance remains unchanged but the Atalaya share price had jumped by more than 6% shortly after the open.
The big macroeconomic story this morning is coming out of the US where courts have ruled that Trump’s imposition of tariffs on overseas trading partners is illegal. The market reaction has been somewhat jumbled as initial optimism appears to have given way to questions being asked as to what happens next, but there have been some winners. One key example is sports car manufacturer Aston Martin whose valuation lost as much as 50% in Q1 alone. The Aston Martin Share price extended a recent run of gains, adding more than 4% before 9am on Thursday.
Most read news on Investegate this morning
Final Results - - Rockhopper Exploration (RKH)
Proposed Transfer of Listing and Notice of GM - - Supermarket Income Reit (SUPR)
Statement Regarding Argentex Group PLC - - Argentex Group (AGFX)
