Aston Martin and Cineworld left shaken and stirred by James Bond movie delay
The delay to the release of the latest James Bond film has knocked Cineworld and Aston Martin.
The 25th film in the 007 franchise was to be released on April 2 in the UK – but this has been pushed back to November 12 over coronavirus fears.
Cineworld shares fell as Peel Hunt analysts said the delay would pile more pressure on the chain, which is expecting fewer customers during the outbreak.
Aston Martin was banking on some respite this year after a torrid period of trading – it suffered annual losses of over £100m last year
They cut the rating on Cineworld stock from ‘buy’ to ‘hold’.
Michael Hewson, analyst at CMC Markets, said: ‘This could be the company’s Achilles heel this year.
‘If your punters stay in and watch Netflix because of lingering contagion concerns, you have a problem.’
The delay also dealt another blow to struggling luxury car maker Aston Martin which has four cars appearing in No Time to Die and was hoping for a boost in sales on the back of it.
Aston was banking on some respite this year after a torrid period of trading – it suffered annual losses of over £100million last year.
Cineworld shares dived 13 per cent, or 18.2p, to 121.5p, while Aston was flat at 297.5p.