Archive : Dollar puts Jaguar in the fast lane

26 May 1989 Keith Adams 0

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.

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Keith Adams

Editor and creator AROnline at AROnline

Created www.austin-rover.co.uk in 2001 and built it up to become the world's foremost reference source for all things BMC, Leyland and Rover Group, before renaming it AROnline in 2007.

Is the Editor of the Parkers website and price guide, formerly editor of Classic Car Weekly, and launch editor/creator of Modern Classics magazine. Has contributed to various motoring titles including Octane, Practical Classics, Evo, Honest John, CAR magazine, Autocar, Pistonheads, Diesel Car, Practical Performance Car, Performance French Car, Car Mechanics, Jaguar World Monthly, MG Enthusiast, Modern MINI, Practical Classics, Fifth Gear Website, Radio 4, and the the Motoring Independent...

Likes 'conditionally challenged' motors and taking them on unfeasible adventures all across Europe.