The sports car company to Formula 1 team issued a Q1 trading update this morning which gave investors something to cheer. It has been a torrid few years for the company which has faced a series of challenges, most recently US tariffs, changes to ultra-luxury car taxes in China and now the disruption in the Middle East, but today saw news of significant margin improvement – up by 680bps – and the operating loss contracting by 87%. The expectation is with an enhanced product mix then free cash flow should improve as the year progresses and guidance remains in tact. There are undoubtedly still hurdles but the Aston Martin share price was as much as 6% higher in early trade before handing back some of the upside.
Ingredients manufacturer Treatt saw its shares jump higher on Wednesday morning after a key partner and customer of the business made an all cash offer. That came alongside half year results but it’s management’s endorsement of the takeover approach which comes at almost a 50% premium to last night’s closing price that has been the key driver. The Treatt share price was up 46% shortly after the open.
Airline and tour operator Jet2 issued a trading update this morning which despite the macroeconomic and geopolitical backdrops saw management announce they still expect to post full year figures in line with market expectations. Looking ahead, booked passenger numbers for this summer are up on the comparative and 87% of the company’s fuel requirements are also hedged. The update appears to have reassured investors rather than fired fresh support for the company but the Jet2 share price was up around 1% by 9am.
Most read news on Investegate this morning
Recommended cash acquisition of Treatt plc - - Treatt (TET)
CONVERSION OF PREFERENCE SHARES & ISSUE OF EQUITY - - Zambeef Products (ZAM)
2026 Q1 Interim Management Statement - - Lloyds Banking Group (LLOY)
