annual financial results
-
Car Dealer News 29 JulLookers turnaround to deliver £50m pre-tax profit in H1 2021
Lookers has said that a positive swing in performance that will see 2020’s H1 loss of £50 million converted into a £50m pre-tax profit in the first half of this year.
-
Car Dealer News 29 JulVertu Motors' 2021 pre-tax profit forecast upgraded by 60% in a month
Vertu Motors has suggested that its 2021 pre-tax profits could be up to 60% more than forecast just a month ago after continuing its “exceptional” performance in the used car market.
-
Latest News 27 JulCompetency of PwC’s JD Classics audits may be questioned in High Court
The competency of PwC’s audits of classic and racing car dealer JD Classics may be questioned in the High Court as administrators from Alvarez & Marsal sue the accountancy firm for failing to spot fraud.
-
Car Dealer News 2 JulLookers CEO Mark Raban is positive after overcoming PLC’s ‘perfect storm’
Lookers chief executive Mark Raban has told AM that he is positive about the group’s future after overcoming a “perfect storm” of legacy issues and COVID-19 to report positive 2020 annual financial results.
-
Car Dealer News 1 JulLookers eyes future with confidence after publishing 2020 financial results
Lookers has said that it can now “look to the future with confidence” after emerging from the most challenging period in its history.
-
Car Dealer News 29 JunTrustFord reports £5.2m loss in COVID-hit 2020 financial results
TrustFord chairman and chief executive Stuart Foulds has said he was “relatively pleased” with the group’s COVID-impacted 2020 financial results – despite recording a £5.2m pre-tax loss.
-
Car Dealer News 28 Jun
Lookers delays 2020 financial results publication to FCA's June 30 deadline
Lookers will report its 2020 annual financial results on the Financial Conduct Authority’s (FCA) June 30 reporting deadline after announcing a "short delay" in publication.
-
Car Dealer News 25 JunMarshall on course to be 'sector winner' after record profit forecast
Marshall Motor Group expects to deliver record underlying profit in 2021 after riding the automotive retail sector’s positive tailwinds of customer demand and appreciating used car values.
-
Car Dealer News 23 Jun
‘Exceptional used car market’ drives Vertu Motors profit upgrade
Vertu Motors PLC has upgraded its pre-tax profit forecast for 2020 to £28 to £30 million – above current market expectations.
-
Car Dealer News 22 JunMarshall hands 4,000 staff 2020 'loyalty' bonus and backdated pay review
Marshall Motor Group is issuing its 4,000 staff a one-off cash "loyalty" bonus and a backdated pay review after outperforming the market as it emerged from a COVID-hit 2020.
-
Car Dealer News 21 JunTG Holdcroft increases profit and completes new HQ in COVID-hit 2020
The TG Holdcroft car retail group completed its new headquarters and reported a 20.3% increase in pre-tax profits as COVID-19 pandemic caused car sales to falter in 2020.
-
News 16 JunMotorpoint ‘medium term’ strategy targets near-trebling of revenues to £2bn
The Motorpoint used car supermarket PLC aims to almost treble its revenues to £2 billion with a new “medium term” business strategy laid out in its 2020 annual financial results.
-
Supplier News 10 JunCOVID impact sees Auto Trader profits decline 38% in 2020/21
Auto Trader suffered a 29% decline in revenues and 38% reduction in operating profit as it acted to mitigate the impact of COVID-19 on its car retail customers, its 2020 annual financial results have revealed.
-
Retailing 7 JunCar retailers' COVID recovery is go... but market headwinds continue
Strong financial reports from across the car retail sector have reaffirmed that businesses have weathered the COVID-19 crisis without the “Darwinian evolution” predicted 12 months ago.
-
Car Dealer News 7 Jun
Lookers’ Phil White up for re-election as chairman search continues
Lookers has revealed that chairman Phil White will stand for re-election at its AGM as the AM100 PLC’s search for a successor continues.
-
Car Dealer News 25 May
Lookers' ‘strong trading momentum’ prompts improved profit forecast
Lookers will return to “normalised reporting” of its annual financial results after renewing its banking facility and reporting continued strong trading momentum the first four months of 2021.
-
Car Dealer News 18 MayPendragon leadership prepares for AGM shareholder revolt over bonus payments
Pendragon’s leadership team are today preparing for a shareholder revolt as Hedin Group joined other key stakeholders in stating it will vote against “out of tune” bonus payments.
-
Car Dealer News 12 MayJohnsons Cars reports four-fold profit growth in 2020 financial results
Johnsons Cars has revealed a 14.1% rise in turnover and a 410% rise in profit before tax in a COVID-impacted 2020 annual financial results statement.
-
Car Dealer News 4 MayWaylands Automotive financial results reveal 150% profit growth in COVID-hit 2020
Waylands Automotive ensured that the COVID-19 pandemic was no barrier to ongoing growth as it delivered a 4% increase in revenues and 150% rise in pre-tax profits from its network of Volvo dealerships.
-
Car Dealer News 29 AprSwansway defies COVID-19 impact with record profits and car sales growth in 2020
Swansway Group has reported record profitability and growth in its car and van sales volumes in annual financial results detailing its performance during a COVID-impacted 2020.
