Canadian billionaire Lawrence Stroll has tightened his grip on sports car maker Aston Martin, leading a £30m investment in its shares. Yew Tree, Mr Stroll’s investment vehicle, now owns 23.3pc of the company, after he added a 4.25pc stake. Other investors include Saudi Arabia’s Public Investment Fund with 16.7pc and Chinese car maker Geely with 7.6pc. Mr Stroll and co-investors including JCB’s Lord Anthony Bamford and biotech billionaire Ernesto Bertarelli bought in because the shares are cheap,
Aston Martin’s debt interest payments have pushed it to a deeper loss as the luxury car maker warned that renewed supply chain problems mean it will sell fewer cars than expected this year.