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FTSE 250 movers: Aston Martin powers ahead
(Sharecast News) - London's FTSE 250 was 1.1% higher in afternoon trade on Friday at 18,548.41. Aston Martin Lagonda was the standout gainer after its Formula One Team said it had agreed on an investment by US private equity firm Arctos Partners in exchange for a minority shareholding.
Executive chairman Lawrence Stroll said: "As investors in several leading sports franchises, Arctos brings deep industry knowledge, and I am thrilled that Aston Martin will be joining such a prestigious portfolio.
"The team has enjoyed tremendous success this season with eight podium finishes and our biggest points haul as a team, but our collective ambition is greater.
"Arctos see the potential and value of this project as we continue to build a world-class Formula One team. They share our vision for our ultra-luxury brand, and they are extremely passionate about the sport and its prospects."
The deal reportedly values the racing unit at around £1bn.
Elsewhere, Liontrust Asset Management was a high riser after results on Thursday.
FTSE 250 - Risers
Aston Martin Lagonda Global Holdings (AML) 225.00p 5.93% Liontrust Asset Management (LIO) 608.50p 5.73% Ceres Power Holdings (CWR) 215.00p 4.67% British Land Company (BLND) 367.50p 4.61% OSB Group (OSB) 385.00p 4.17% Marshalls (MSLH) 231.00p 3.87% Ninety One (N91) 182.90p 3.74% Balanced Commercial Property Trust Limited (BCPT) 67.90p 3.66% Jupiter Fund Management (JUP) 86.80p 3.58% Paragon Banking Group (PAG) 496.60p 3.50%
FTSE 250 - Fallers
Digital 9 Infrastructure NPV (DGI9) 46.90p -7.31% Bakkavor Group (BAKK) 86.20p -3.36% Abrdn Private Equity Opportunities Trust (APEO) 450.00p -1.96% ICG Enterprise Trust (ICGT) 1,228.00p -1.92% Octopus Renewables Infrastructure Trust (ORIT) 92.50p -1.70% Apax Global Alpha Limited (APAX) 165.00p -1.67% Vietnam Enterprise Investments (DI) (VEIL) 566.00p -1.57% North Atlantic Smaller Companies Inv Trust (NAS) 3,850.00p -1.28% Essentra (ESNT) 159.00p -1.24% Greencoat UK Wind (UKW) 146.20p -1.22%
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