ASTON MARTIN TO MISS OUT ON FTSE 100 SLOT

ASTON Martin has cut the value of its stock market float – meaning it could miss out on a place in the FTSE 100.

The luxury car maker said it will be valued at up to £4.5bn when its shares start trading tomorrow – down from the £5.1bn it previously signalled it could be worth. That means it is likely to be too small to earn a berth in the index of blue-chip shares.

Aston Martin, which has featured in numerous James Bond films including Skyfall ( pictured), is selling around 25pc of the company in the first stock market listing by a British car company for decades. It marks a remarkable turnaround for the company, which has gone bust seven times in its 105-year history and made its first annual profit since 2010 last year of £87m. The firm had initially said its shares would be sold at between £17.50 and £22.50. But the price range has been narrowed to between £18.50 and £20 a share following talks with potential investors.

One source familiar with the deal told Reuters: ‘Feedback was mixed. Bottom of the range is the only level that might work.’