MoPh Markets

Aston Martin, Alpha FX, Joules, Belvoir: Morning Roundup

Check out some of the biggest stories from London-listed stocks on Monday…

Aston Martin

  • Aston Marin provided a fully committed and underwritten £578.8 million Rights Issue on Monday.
  • Irrevocable commitments from PIF, the Yew Tree Consortium, and Mercedes-Benz AG to take up their full entitlements, amounting to 44.7% of the total Rights Issue.
  • The final element of the capital raise provides a clear pathway for significant shareholder value creation.
  • Aston Martin shares declined 6.64% so far this morning.

Alpha FX Group

  • Alpha FX announced its interim report for the six months ended 30 June 2022.
  • The group posted H1 revenue up 35% to $46.1 million, and reported underlying H1 profit before tax increased 16% to £18 million.
  • Furthermore, they proposed an interim dividend of 3.4p per share, an increase from 3p per share in the prior year.

Joules

  • According to The Times, Credit insurer Allianz Trade last week pulled cover for suppliers to fashion retailer Joules.
  • Joules shares have plummeted 86% this year and have declined 6.94% so far this morning.
  • Furthermore, it was reported Joules was struggling to come to agreements with Next and that Next was yet to make a formal proposal.

Belvoir

  • Belvoir, a UK property franchise, reported its interim results for the six months ended 30 June 2022.
  • The group saw a 12% increase in revenue to £15.4 million and profit before tax was down from £4.8 million in H1 2021 to £4 million in H1 2022.
  • Its interim dividend of 4p was unchanged from the previous year.
  • Belvoir shares dropped 6.67% following its report.

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