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Stock impact report

McLaren on the up but still a hard climb ahead [Reuters]

British American Tobacco Industries, p.l.c. ADR (BTI) 
NASDAQ:AMEX Investor Relations: bat.com/ir
Company Research Source: Reuters
McLaren on the up but still a hard climb ahead ABU DHABI (Reuters) - Former champions McLaren left the Abu Dhabi Formula One finale celebrating their best championship finish since their time as grand prix winners, but team boss Zak Brown isn’t expecting any miracles to speed up their climb back into the sport’s elite. The Woking-based outfit ended the season fourth in the overall constructors’ standings, their highest finish since 2012, the year they last won a race. A podium for Spaniard Carlos Sainz at the penultimate Brazilian Grand Prix, McLaren’s first since 2014, was among the highlights. But, now established as Formula One’s best of the rest, ahead of engine supplier Renault’s works team, they face their toughest challenge yet in closing the gap to Mercedes, Ferrari and Red Bull, the sport’s near untouchable leading triumvirate. “This is clearly where we hoped we would finish but not necessarily expected to finish,” Brown, officially chief executive of McLaren Racing, told Reu Show less Read more
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