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Aston Martin announces £653m capital raise; Saudi's PIF takes 17% stake
Luxury car maker Aston Martin has announced a £653m equity capital raise to "meaningfully" de-leverage the balance sheet, in a move that will result in Saudi Arabia’s sovereign wealth fund becoming its second-biggest shareholder.
DCC delivers "strong growth" in Q1, Burberry Q1 sales impacted by Chinese lockdowns
London pre-open The FTSE 100 was being called to open 22. 2 points higher ahead of the bell on Friday after closing 1. 63% points lower in the previous session at 7,039. 81.
London pre-open: Stocks seen up as rate hike fears ease
London stocks were set to rise at the open on Friday as worries about more aggressive rate hikes by the US Federal Reserve eased.
Friday newspaper round-up: UK shoppers, Heathrow, Frasers
As the cost of living crisis builds up UK shoppers are slashing their budgets in almost all areas. But there is a notable exception – the money spent on clothing is above pre-pandemic levels, the return of weddings, holidays and socialising fuelling a boom in “revenge spending” or buying those treats missed over months of pandemic lockdowns. Shoppers are forking out almost a fifth more on clothing than last year, research from Kantar for the Guardian has found, taking the value 1% ahead of the 2019 figure.
DCC delivers 'strong growth' in 'less significant' Q1
Sales, marketing, and support services group DCC said on Friday that it delivered "strong growth" in the "seasonally less significant" first quarter of its new trading year.
Burberry Q1 sales impacted by Chinese lockdowns
Luxury fashion house Burberry said on Friday that first-quarter same-store sales increased just 1% year-on-year as sales were impacted by lockdowns across mainland China.