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JPMorgan, Aston Martin’s joint house broker, forecasts £360mn of cash burn in 2025 and a further £230mn in the first half of 2026.

Seasonality is one of the many peculiar things about Aston Martin, with the company making the bulk of its sales in the second half. That means cash burn should ease by the end of 2026.

Still, to keep the lights on in the meantime, Aston Martin may need to raise another £200mn, JPM says. It expects a cash call on similar terms to the previous two, which were done at a £2.3bn enterprise value.

Another thing lacking, in addition to profit and cash flow, is a break-even target. Today’s profit warning came with a small cut to capex and a pledge to reduce sales and administration costs, but no guidance more specific than 2026 should be better than 2025.

With a very concentrated ownership base and no big debt refinancings due before 2029, a route to profitability may be less of a concern to Aston Martin’s bosses than to independent shareholders.

https://www.ft.com/content/8012aa40-c5a1-4807-aaa9-2a5e3727d60b

Price nears $4,000 per ounce for the first time in history

Gold prices are on the verge of a historic breakout, surging 50% in 2025 to nearly $4,000 an ounce as central banks ramp up buying and investors flee the weakening US dollar.

https://www.google.com/amp/s/www.financialexpress.com/market/gold-pulse/gold-price-nears-4000-per-ounce-for-the-first-time-in-history/4000999/lite/

Aston Martin Lagonda Global Holdings PLC (LSE:AML) has downshifted its expectations for full-year wholesale volumes, underlying profits and cashflows due to a tougher global environment and impacts from trade tariffs.

In the third quarter, it delivered around 1,430 vehicles on a wholesale basis, below prior guidance and 12.9% below last year’s figure

https://www.proactiveinvestors.co.uk/companies/news/1079717/aston-martin-warns-on-profits-as-tariffs-and-weak-demand-hit-volumes-1079717.html

Https://www.autoexpress.co.uk/best/new-cars-coming-soon?utm_source=taboola&utm_medium=cpc&utm_campaign=TBAEXBestNewCars20242025AndBeyond&utm_content=yahoo-android-finance&tblci=GiBs-tjHayt3H0he7nN0Wsv9H5uxCoHrX-opwf9XREp81iCRuD0olNS6iZCt1a5HMKbbXg#tblciGiBs-tjHayt3H0he7nN0Wsv9H5uxCoHrX-opwf9XREp81iCRuD0olNS6iZCt1a5HMKbbXg

As the price of gold chalks up yet another all-time high, there are two “aggressor bids” in the market right now that are responsible for the surge: central banks and exchange-traded funds, a leading bank says.

https://www.marketwatch.com/story/gold-hit-a-new-record-what-deutsche-bank-says-is-driving-the-price-of-the-metal-a20c125d

When the tide goes out, you see who has been swimming without trunks.

In banking, replace trunks with the word hedge. No, not shrubbery, but the book of interest rate swaps that helps smooth earnings when rates move.

https://www.proactiveinvestors.co.uk/companies/news/1079261/have-lloyds-banking-group-and-natwest-got-their-swimming-trunks-on-1079261.html

I had another top-up today looking very good 🚀

Aston Martin (@astonmartin) posted at 3:01 pm on Wed, Sep 24, 2025:

Taking centre stage at the 2025 Monaco Yacht Show. Aston Martin Valhalla.

Discover: https://t.co/UfHexcVZaf

#AstonMartin #Valhalla #MASTERYDRIVEN https://t.co/d8e7e8vEKY

(https://x.com/astonmartin/status/1970850980326461451?t=_nIEfokGQa7L-f0MNDWdBQ&s=03)

Share_Talk ™ (@Share_Talk) posted at 0:04 pm on Wed, Sep 24, 2025:

@AlienMetals Additional High-Grade Silver Intercepts & Phase 2 Drilling Contract Awarded at Elizabeth Hill #UJO The Phase 2 program will comprise: 1,000 metres of diamond drilling, and 2,000–3,000 metres of air core drilling 🇦🇺

https://t.co/Gxrzs1CVq5

(https://x.com/Share_Talk/status/1970806648915779973?t=l2QXx7OOMvcdle9IpL-1qg&s=03)

Aston Martin Racing (@AMR_Official) posted at 11:05 am on Fri, Sep 19, 2025:

The Valkyrie and Vantage hit the track later today for practice at the Brickyard 🧱

⏱️ You can follow the live timings from the upcoming session here: https://t.co/hUlfHcREvd

#AstonMartin #ValkyrieHypercar #Vantage #IMSA https://t.co/RNRmyBmcDt

(https://x.com/AMR_Official/status/1968979863814955381?t=4cyYVaimtK22-mjDP4bZAw&s=03)

GEO update on drilling this morning no news here what's going on 🤷

Looks like UK got screwed again by trump the deals are in the US favour, hopefully lawrence stroll won't copy Porsche delisting from Germany's DAX blue-chip index AML from london stock exchange

Up 13% good set of results 🚀

The airport’s busiest-ever day was 1 August, with more than 270,000 passengers – about 250 for each minute of Heathrow’s operating hours.

https://www.independent.co.uk/travel/news-and-advice/heathrow-airport-passengers-flights-baggage-b2824401.html

Https://cryptorank.io/news/feed/ee926-wld-price-surges-122-as-gold-hits-record-highs-treasury-strategy-boosts-momentum

Https://www.proactiveinvestors.co.uk/companies/news/1077982/gold-miners-climb-higher-as-yellow-metal-breaches-3-600-1077982.html

Tristan Pottas (@TristanPottas) posted at 8:13 am on Mon, Sep 08, 2025:

#FDR Here we go! https://t.co/Mf1e7wrtpJ

(https://x.com/TristanPottas/status/1964950324323705161?t=Y4K_SmMHmYA7eFQL7KL_Ig&s=03)

Abacus 🤦

SP up 10% lots of big buys coming in 🚀🚀

Trump’s attacks on the Fed ‘could send gold price up to $5,000

https://www.thetimes.com/business-money/economics/article/trumps-attacks-fed-gold-price-5000-wdchsnzqj