Aston cuts price on market listing

Aston Martin has cut the top end of its stock market listing price range, meaning the car-maker looks set to be kept out of the FTSE 100.

The firm has narrowed the range of its initial public offering from between £17.50 and £22.50 per share to between £18.50 and £20 per share. The new range gives Aston Martin an expected valuation of £4.2 billion to £4.5bn.