UK's Aston Martin rises on retaining annual forecast
BUZZ-UK's Aston Martin rises on retaining annual forecast ** Shares of luxury carmaker Aston Martin AML.L up 4% at 37.9 pence in volatile trading after second-quarter results
** Stock fell about 2% initially before rising as much as 5.5%
** AML posts narrower Q2 adjusted operating loss of £52 million ($69.15 million) but missed analyst expectations of £45 million in losses
** Co retains its annual forecast despite flagging tough market conditions for the automotive industry as it banks on growing sales of its Valhalla hybrid supercar
** AML last week also led a fresh round of funding to ease liquidity pressures that have been weighing on shares
** "The FCF beat and FY guidance unchanged means limited incremental damage to a stock down 43% YTD but likely there will be more to get excited on about the turnaround much later in the year than today," Bernstein analyst said in a note
** Including current gains, AML down about 42% so far this year
($1 = 0.7520 pounds)
(Reporting by Megha Anilkumar Nair in Bengaluru)