Lawrence Stroll ups stake in Aston Martin

Aston Martin Lagonda shares rallied on Tuesday after Canadian billionaire Lawrence Stroll increased his stake in the luxury car maker.

Stroll lifted his stake in AML to 23.3% from 19.0% on Monday.

According to The Telegraph, Stroll’s investment vehicle - Yew Tree - led a £30m investment in the shares. Other investors include Saudi Arabia’s Public Investment Fund with 16.7% and Chinese car maker Geely with 7.6%.

The move comes after Geely failed over the summer to take control of AML by offering a huge capital injection.

AML shares closed up 5% at 140.65p.