Aston Martin Lagonda raced close to the top of the FTSE 250 leaderboard yesterday as traders bet that the £3 billion luxury carmaker would have some reassuring news with its full-year results tomorrow. Short-sellers closing out their positions ahead of the final figures were seen as responsible for the price surge. The growing possibility of a delay to Brexit may have helped to boost the shares. Mark Wilson, Aston Martin’s chief financial officer, told MPs in 2017 that a no-deal outcome would be “semi-catastrophic” for the company, which relies on components imported from the Continent. However, it is less exposed to the European Union than some other carmakers, with most of its…

Source: The Times February 26, 2019 23:58 UTC