The company has decided to cancel its DVR shares meant for simplification of capital structure, potentially narrowing the discount between two securities. Interestingly, ordinary shares are also likely to see an earnings upgrade from improving margins at its UK subsidiary Jaguar Land Rover and the domestic business.
Asian stocks rise on China stimulus optimism, Fed: Markets wrap
Asian stocks rose on optimism about potential stimulus measures from China, following positive comments from Federal Reserve policymakers. Japanese, South Korean, and Hong Kong markets