Aston Martin Stake Sale Set to Value F1 Team at £2.4 Billion
Aston Martin Lagonda Global Holdings Plc, the listed carmaker, has agreed to sell its minority stake in the racing team for £110 million, it said Wednesday. A binding letter of intent has been signed with a buyer at a £2.4 billion valuation, Chief Executive Officer Adrian Hallmark said in an interview. He declined to name the buyer, saying the deal had yet to complete.
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Newsweek
3 minutes ago
- Newsweek
F1 Insider Concerned About Lewis Hamilton's Future at Ferrari after Hungarian GP
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Former Formula One driver and Sky Sports F1 reporter Martin Brundle has shared his concern about the future of Lewis Hamilton at Ferrari. Given the seven-time world champion's struggles since his Ferrari move early this year, Brundle stated he couldn't see Hamilton endure two more seasons if the situation were to continue this way. Apart from his Chinese Grand Prix sprint race victory, Hamilton has for the most part been outperformed by his teammate Charles Leclerc. While the factor of adapting to his SF-25 F1 car could be taken into consideration, last weekend's race at the Hungaroring reached a new low in his Ferrari career. Hamilton was knocked out of Q2 in the qualifying session, leading him to start the race from P12. On race day, Hamilton was unable to recover positions, and he finished the race in the same position as he started. An incident involving Max Verstappen also occurred during the race at the Hungaroring, after the four-time world champion nearly pushed Hamilton off the track. While Verstappen was eventually cleared of any wrongdoing by the FIA, Hamilton appeared so dejected after the race that he didn't even attend the stewards' enquiry. Twelfth placed Lewis Hamilton of Great Britain and Scuderia Ferrari in parc ferme during the F1 Grand Prix of Hungary at Hungaroring on August 03, 2025 in Budapest, Hungary. Twelfth placed Lewis Hamilton of Great Britain and Scuderia Ferrari in parc ferme during the F1 Grand Prix of Hungary at Hungaroring on August 03, 2025 in Budapest, stated his observations in his Sky F1 column, writing that while the summer break could offer Hamilton a much-needed break, the future looks slightly hazy. He wrote: "I'm not looking forward to writing this next section, it's about Lewis Hamilton, who endured what must have been one of the worst weekends of his career, in and out of the car. "He struggled for ultimate pace in qualifying, and with the pack so close he would start only 12th when his team-mate Leclerc was on pole. He would then describe himself as 'useless' in post-qualifying interviews and suggest the team should change the driver. That was best left unsaid, but he obviously wanted to openly punish himself. "He's clearly in a difficult place personally, and during the race he would finish in that same 12th position, never really showing signs of progress. He sat in the car in parc ferme post-race for what seemed an age, was very downbeat in interviews again, and then declined to attend a stewards' enquiry about a rather ambitious move Max Verstappen made on him during the race in the blind and fast Turn 4, in which Lewis chose to drive off the road to avoid contact. "He didn't want to contest the incident and conceded via his team, but Max did attend the meeting with a rational explanation from his viewpoint, and avoided a penalty. The summer break couldn't be more timely for Lewis to have a reset." Brundle then revealed the harsh reality that could face Hamilton if he fails to bounce back. He added: "It's painful to observe this great champion in so much strife, and we have to expect that he can weather the storm and return to form given his talent and experience, but otherwise I simply can't see him enduring two more seasons at Ferrari, or anywhere else, like this."
CBS News
3 minutes ago
- CBS News
Why 1-ounce gold bars could be a smart investment this August
Gold has long been a go-to asset in times of economic uncertainty, and unsurprisingly, many investors are once again turning to the precious metal for the protection it can offer in today's economic climate. With geopolitical tensions simmering, rates remaining high, stock market volatility becoming the norm and questions swirling around the Federal Reserve's next move, gold offers some big benefits, especially in terms of its traditional safe-haven appeal. And, while the price of gold has fluctuated in recent months, it has also remained high overall this year, and has hit numerous records since the start of 2025. But while gold has been alluring overall recently, the reality is that not all gold investments are created equal. While gold exchange-traded funds (ETFs) and gold mining stocks offer exposure to the market, for example, many people are gravitating toward physical gold, especially in the form of 1-ounce gold bars. So, why might this specific form of gold be a smart move this August? While no investment is risk-free, there are a few timely reasons these compact gold bars could offer solid value in today's financial climate. Find out how to start adding gold to your investment portfolio today. If you're wondering why 1-ounce gold bars are one of the most compelling ways to invest in the precious metal right now, here's what you should know: While policy changes, economic news and other factors have pushed gold's price up and down over the last couple of months, a price rally could just be getting started. This week, Citi analysts raised their short-term gold price target to $3,500 per ounce, a notable increase from the current price, which has hovered around $3,300 in recent weeks. The firm cited a "negative U.S. outlook," including weaker job market indicators, softening economic growth and increased demand for safe-haven assets as the drivers behind the forecast revision. If that prediction holds, investors who buy physical gold now — especially in manageable, tradable formats like 1-ounce bars — could see substantial appreciation in the near term. And, unlike larger bars, 1-ounce pieces are easier to sell individually, allowing for flexibility as prices climb. That makes it easier for investors to take advantage of short-term price rallies without requiring a large upfront investment. But even if gold doesn't hit that $3,500 mark, the upward momentum and institutional bullishness suggest there's room for growth, or at least a reliable store of value, this month and beyond. Find out more about the many benefits of gold investing now. After months of cooling, inflation has been creeping upward again. Recent consumer price index (CPI) data shows modest increases in shelter and food costs, stoking concerns that the Federal Reserve's inflation fight may not be over just yet. And, sticky inflation — especially when coupled with stagnant wages or slow economic growth — can eat away at the purchasing power of cash and low-yield investments. Gold, however, has historically served as a hedge against inflation. As fiat currencies weaken in real terms, the relative value of hard assets like gold tends to rise. This is particularly relevant now, with inflationary pressures resurfacing at a time when traditional stock and bond markets are facing heightened volatility. So, for investors looking to preserve purchasing power while sidestepping market turbulence, owning gold — especially in tangible, easy-to-store formats like 1-ounce bars — may be a strategic move. While large gold bars can be efficient for institutional buyers or ultra-wealthy investors, 1-ounce bars offer a level of liquidity and versatility that makes them ideal for the average investor. They're small enough to sell in portions, easier to store securely at home or in a safety deposit box, and widely recognized by dealers and buyers alike. In uncertain economic times, having an asset you can liquidate quickly, without having to offload an entire portion of your portfolio, can offer peace of mind. Whether you're looking to sell during a price surge or use gold as collateral for a loan, 1-ounce bars provide more flexibility than bulkier formats. These bars also tend to carry lower premiums per ounce than fractional gold coins. That makes them a cost-effective way to gain exposure to the gold market without overpaying for collectability or rarity. There are several compelling reasons why 1-ounce gold bars may be worth a look this August, from the revised price forecast increase to inflation concerns and investor-friendly versatility. These bars combine the security of physical gold with the flexibility of smaller denominations, and with expert forecasts pointing toward a potential surge in value, timing could be on your side. As with all investments, though, it's important to consider your broader portfolio and financial goals before buying any type of gold. But if you're looking to protect against inflation, add diversification or capitalize on potential short-term growth, 1-ounce gold bars could be worth investing in now.
Yahoo
31 minutes ago
- Yahoo
Truss ‘carries quite a lot of blame' for Tory record, Badenoch claims
Truss 'carries quite a lot of blame' for Tory record, Badenoch claims Liz Truss 'carries quite a lot of' responsibility for the Conservatives' record, Kemi Badenoch has said amid a row over the party's direction. The current Tory leader said she was 'very focused on what the Conservatives are going to do now', after former prime minister Ms Truss accused her of 'repeating spurious narratives'. Speaking on a farm near Saffron Walden in her constituency, Mrs Badenoch also described herself as an 'Essex girl', and added that people from the county 'are grafters; they work hard'. The Leader of the Opposition faced questions about Ms Truss's claim that under the Conservatives, 'the economy was wrecked with profligate Covid spending by (Rishi) Sunak' and that 'the huge increase in immigration has been a disaster'. Mrs Badenoch told ITV Anglia: 'I know that, as a former prime minister and a former foreign secretary, (Ms Truss) carries quite a lot of that blame. 'The party's now under new leadership. 'I wasn't in charge during those 14 years; she was. 'That's a criticism she's probably levelling at herself.' The Tory leader also said she was 'telling the truth' about her party's record. 'I'm telling the truth that immigration was too high – that's why we have much tougher policies to fix immigration,' she continued. 'I am telling the truth that taxes were too high, that we were putting a lot of regulation on businesses, and what we're seeing is Labour making every single thing worse. 'They're doing that because they haven't learned many of the lessons that we learned. They haven't learned from our mistakes. They're making worse mistakes.' The Labour Government's mistakes include making 'no cut in spending at all – the books were not balanced', Mrs Badenoch claimed. 'We're spending more on welfare than we are on defence – that cannot continue,' she said. Mrs Badenoch had previously told The Telegraph that 'for all their mocking of Liz Truss, Keir Starmer and Rachel Reeves have not learnt the lessons of the mini-budget and are making even bigger mistakes'. Ms Truss, who spent 49 days in Number 10, hit back when she said that 'instead of serious thinking', Mrs Badenoch was 'repeating spurious narratives'. She continued: 'I suspect she is doing this to divert from the real failures of 14 years of Conservative government in which her supporters are particularly implicated. 'It was a fatal mistake not to repeal Labour legislation like the Human Rights Act because the modernisers wanted to be the 'heirs to Blair'. 'Huge damage was done to our liberties through draconian lockdowns and enforcement championed by Michael Gove and Dominic Cummings. 'The economy was wrecked with profligate Covid spending by Sunak. The huge increase in immigration has been a disaster.' Mrs Badenoch also took questions about her identity, after she told the Rosebud podcast: 'I have not renewed my Nigerian passport, I think, not since the early 2000s. 'I don't identify with it any more, most of my life has been in the UK and I've just never felt the need to.' The North West Essex MP told ITV Anglia: 'I am definitely an Essex girl, that is a fact.' A London Assembly member before she took her Commons seat in 2017, Mrs Badenoch said: 'I represent an Essex constituency, these are my people. 'I was a Londoner, but Essex people asked me to be their MP, and I want to make sure that I do them proud. And I love this part of the world. 'It's fantastic being here. It's a rural community, and I've been talking to the farmers here. I talked about how my grandfather was a farmer, it's very hard work. 'The people of Essex and East Anglia – they are grafters. 'They work hard, and I want to make sure that we do right by them.' Mrs Badenoch spent Tuesday morning at a farm in Little Walden, where she tried her hand at harvesting wheat using a Claas Lexion combine harvester. She told farmers: 'A lot of farming just feels like constant interference. 'Everything is interfered from the minute you wake up.' Examples of interference included 'chemicals and insecticide, people you're hiring, how much you've got to pay them', plus changes to 'employers' NI (national insurance), then somebody wants to put pylons on, there's compulsory purchase, it's impacting the cost of the land, if you want to add a new farm building, there's planning applications', she said. 'It's just endless constant Government saying, 'You can't do this, you can't do that, you can't move forwards'. 'And the burden in my view has now crossed the threshold.'
