Business
Aston Martin in profit warning amid US tariff woes
Getty ImagesAston Martin Lagonda has warned of further losses as it faces US tariffs, and also raised fears over supply chain pressures from Jaguar Land Rover’s cyber-attack fallout.
The Warwickshire luxury carmaker said it was now braced for underlying losses greater than £110m, which was the bottom of the previous expected range.
The announcement marks the second downgrade to its outlook since early July.
Aston Martin bosses said they had launched an “immediate” review of costs and spending in light of tougher trading.
It sent shares tumbling by as much as 11% at one point during trading on Monday.
The firm said wholesale volumes were set to drop by a mid-high single-digit percentage due to “heightened challenges in the global macroeconomic environment, including the ongoing impact of tariffs” – with a weaker performance being seen across North America and Asia.
Getty ImagesIn a statement on Monday, the firm said: “The global macroeconomic environment facing the industry remains challenging.
“This includes uncertainties over the economic impact from US tariffs and the implementation of the quota mechanism, changes to China’s ultra-luxury car taxes and the increased potential for supply chain pressures, particularly following the recent cyber incident at a major UK automotive manufacturer.”
Tariff quotas
The group has seen shares come under pressure this year over concerns about the impact of Donald Trump’s tariff war.
The firm limited shipments to the US in the second quarter after the president imposed a 25% tariff on car imports in April.
It then resumed shipments in June as the UK reached an agreement with the US for a lower 10% tariff on UK-made cars for the first 100,000 vehicles per manufacturer.
Anything above that threshold will be hit with a 27.5% duty.
But Aston Martin said the tariffs were still having an impact on performance.
It said: “For UK automotive manufacturers, the introduction of a US tariff quota mechanism adds a further degree of complexity and limits the group’s ability to accurately forecast for this financial year end and, potentially, quarterly from 2026 onwards.
“The group continues to engage with both the US and UK governments to secure greater clarity and certainty.”
Aston Martin said while “positive dialogue” had been achieved with the US government directly, the firm was still seeking proactive support from the UK.
It hopes that profitability and free cash flow will “materially” improve in 2025-26 as it cuts costs and ramps up delayed production of its Valhalla model – the group’s first plug-in hybrid mid-engine supercar.
In February, before tariffs were announced, Aston Martin cut 170 jobs after seeing losses widen by a fifth last year and debts pile up.
Its results for the first half of 2025 showed core profitability (EBIT) slumped to £121m, compared with £99.8m in the same period of 2024.
Business
Trade outlook: India’s exports hold steady amid Donald Trump tariffs; new markets offset US slowdown – The Times of India
India’s export performance has remained steady even as global markets face volatility, according to SBI Research, which shared its assessment. As per news agency ANI, the report states that merchandise exports between April and September in FY26 touched $220 billion, a 2.9 per cent rise from $214 billion in the same period last year. Exports to the United States also increased by 13 per cent to $45 billion, although shipments in September dipped nearly 12 per cent year-on-year.The US continues to be a key market, but its share in India’s total exports has fallen since July 2025, reaching 15 per cent in September. SBI Research highlights mixed sectoral trends. The US share in India’s marine product exports declined from 20 per cent in FY25 to 15 per cent in September, and its share in precious stones fell sharply from 37 per cent to 6 per cent. However, both marine products and ready-made cotton garments still registered growth during the April–September period.At the same time, as per ANI, India’s export basket has become more geographically diverse. Countries including the UAE, China, Vietnam, Japan, Hong Kong, Bangladesh, Sri Lanka and Nigeria saw higher shares across several product groups. SBI Research suggests that some of this may indicate indirect routing of Indian goods, noting that Australia’s share in US imports of precious stones rose from 2 per cent to 9 per cent, while Hong Kong’s share increased from 1 per cent to 2 per cent.On the trade policy front, India is grappling with higher US tariffs under the Trump administration, which have hit textiles, jewellery and seafood — particularly shrimp. To support exporters, the government has approved Rs 45,060 crore in assistance, including Rs 20,000 crore in credit guarantees.The rupee also faced pressure, slipping to 89.49 against the dollar on Friday amid global financial turbulence. According to ANI, the Reserve Bank of India reiterated that it does not defend any fixed exchange rate, and analysts see the decline as a temporary adjustment.India’s current account deficit narrowed to 0.2 per cent of GDP in Q1 FY26, improving from 0.9 per cent a year earlier, supported by services exports and remittances. SBI Research expects the deficit to widen slightly in the next two quarters before turning positive by fiscal year-end, projecting a full-year deficit of 1.0–1.3 per cent of GDP and a balance-of-payments gap of up to $10 billion.
Business
Toothbrush packs to go to ‘most vulnerable’ in North Northants
Toothbrush and toothpaste packs worth a combined £20,000 are to be given to foodbanks and other organisations for distribution to vulnerable people.
North Northamptonshire Council said the funding from Northamptonshire NHS Integrated Care Board would help people “who need it the most” fight tooth decay.
Martin Langford, Corby Foodbank’s manager, said the packs would “make a real difference to how people look and feel”.
Brian Benneyworth, the Reform UK council’s executive member for health and leisure, said: “These toothbrushing packs are a simple but powerful way to help those who are most vulnerable, providing not just the tools but the dignity of self-care.”
Mr Langford said: “Access to basic hygiene items, such as toothbrush packs, is often underestimated but they make a real difference to how people look and feel.
“It strengthens our ability to reach those most in need and ensures we can continue making a positive impact within the community.”
Jane Bethea, director of public health, communities and leisure at the council, said: “Poor oral health is a major public health concern and can have a negative impact on our overall health and wellbeing and affect what we eat, how we communicate and our self-confidence.”
Guidelines recommend that people brush their teeth twice at day. Poor dental hygiene can led to tooth decay and gum infections, which can lead to tooth loss and gum disease.
Mr Benneyworth said: “Under current financial pressures, due to the cost of living crisis, some households are having to make very difficult choices about what they can and cannot buy.
“In these situations, items such as new toothbrushes and toothpaste could be seen as less important than essentials such food and heating.”
Business
Nifty, Sensex Continue Rally For Second Week Despite FII Outflows
New Delhi: Indian equity benchmarks made marginal gains for the second week, supported by stronger second quarter (Q2) earnings, easing inflation and optimism around the India-US trade negotiations. Benchmark indices Nifty and Sensex edged higher 0.68 and 0.50 per cent during the week to close at 26,068 and 85,231, respectively.
Analysts said that a moderation in FII selling due to expectations of earnings upgrades in H2 FY26 also supported the rally. However, markets turned volatile on Friday amid weak global cues. The Nifty fell after failing to cross its previous all-time highs of 26,277, ending its two-day advance.
Broader indices underperformed, with the Nifty Midcap100 and Smallcap100 ending the week down 0.76 per cent and 2.2 per cent, respectively. Though IT stocks faced selling pressure due to weakness in the US tech shares, it was the biggest weekly gainer. Nifty Auto and Services followed as the secoral gainers during the week. On Friday, metals and realty were the worst hit, both dropping over 2 per cent, followed by PSU banks, financial services and media.
A better-than-expected non-farm payroll dimmed hopes of a US Federal Reserve rate cut in December putting pressure on global equities. Resultantly gold also witnessed selling pressure while INR declined to a new low. The oil prices declined due to the US’s renewed push for a Russia-Ukraine peace proposal.
“The market may witness some profit booking in the near term if the pressure on Indian rupee persists. In the week ahead, investors will also have a close vigil on trade developments and economic data like IIP and Q2 FY26 GDP data to get the market direction,” said Vinod Nair, Head of Research, Geojit Investments Limited.
Analysts said that they expect markets to remain firm next week supported by buying on dips, improving demand outlook in Q3 and resilient flows.
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