Archive : Dollar puts Jaguar in the fast lane

DAILY EXPRESS, By Tim Blackstone

Jaguar shares motored a further 7p to 326p yesterday making a gain of 25p in the last week . Investors are hitching a lift on Jaguar’s free rlde on the soaring dollar . Every cent the dollar hardens against the pound adds around £3.5 Million to Jaguar’s profits , it is 13 per cent up so far this year. Although Jaguar has hedged most this year’s purchases . Its fast footwork in the currency markets now could easilly add £25 million to next year’s total.

Keith Adams

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