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Investor Stroll eyes sharing Formula One tech with Aston Martin road cars

March 4, 2020 admin Comments Off on Investor Stroll eyes sharing Formula One tech with Aston Martin road cars

Canadian billionaire Lawrence Stroll, who is investing in carmaker Aston Martin, sees the opportunity to share Formula One technology with the firm’s range of road cars, he said on Wednesday. “I feel Aston has really missed having a mid-engine programme, having that DNA in their racing, in their blood and now with the opportunity of returning to a works Formula One team for 2021 to be able to share technology from our Formula One team with our road car projects,” he said. “I think this is the final cherry on the cake that Aston Martin really needed to …read more […]

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Day of Reckoning Nears for Intu After It Pulls Share Sale

March 4, 2020 admin Comments Off on Day of Reckoning Nears for Intu After It Pulls Share Sale

(Bloomberg) — Intu Properties Plc has abandoned a plan to raise as much as 1.5 billion pounds ($1.9 billion) of new equity it needs to stave off lenders, throwing the indebted mall landlord’s future into doubt.The company said it’s now exploring alternative capital structures and further asset sales, after receiving “several expressions of interest during the process.” The shares fell the most on record.Uncertainty in the equity and real estate markets kept a number of potential investors on the sidelines, the London-based company said in a statement Wednesday. The value of Intu’s malls and stores plunged by 2 billion pounds …read more […]

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U.S. Stock Futures Rise With Biden Results Adding to Upswing

March 4, 2020 admin Comments Off on U.S. Stock Futures Rise With Biden Results Adding to Upswing

(Bloomberg) — U.S. stock index futures rose, retracing about half of the previous day’s tumble, after Joe Biden’s surprise comeback in the race for the Democratic nomination became the latest development to whip up swings in extremely volatile markets.S&P 500 Index futures expiring in March rose 1.1% as of 1:52 p.m. in Tokyo, erasing a loss of as much as 0.7%, after Biden scored wins in eight states, while Bernie Sanders won the biggest prize of the Super Tuesday primaries with a victory in California. Futures on the Nasdaq 100 Index and those on the Dow Jones Industrial Average both …read more […]

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Hedge Funds Have Never Been This Bullish On Alibaba Group (BABA)

March 4, 2020 admin Comments Off on Hedge Funds Have Never Been This Bullish On Alibaba Group (BABA)

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (read the details.). In these volatile markets we scrutinize hedge fund filings to get a […] …read more […]