london stock exchange
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Opinion 11 NovGuest opinion: Shaken not stirred? Aston Martin slumps to £13m loss
James Bond’s favourite carmaker Aston Martin Lagonda last week recorded a £13m loss for the last quarter, pointing to tough trading conditions in the UK and Europe along with disappointing sales of its Vantage two-seater sports car.
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Car Dealer News 22 OctPendragon reports Q3 revenue decline amid mass site closures
Pendragon has delivered an interim statement to share news of a 57.9% growth in underlying profit before tax as revenues and profits continued to decline amid mass site closures during Q3.
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Opinion 21 OctAston Martin? The plan just might work… A guest opinion
Having recently secured a major £120m bonds deal, Aston Martin appears to be banking on innovating its way through the current tough trading conditions and CEO, Andy Palmer, has promised that its ambitious investment plan can succeed.
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Manufacturer 26 SepAston Martin’s £120m bonds deal an ‘all or nothing rescue attempt’
Aston Martin’s decision to raise £120m in senior secured bonds in a move which will see it paying 12% interest has been described as an “all-or-nothing rescue attempt” by the Financial Times.
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Car Dealer News 10 Sep
Pendragon business restructure could include 1,300 redundancies
Pendragon could be poised to make 1,300 redendancies as part of a business restructure designed to stem its faltering financial performance.
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News 6 SepMotorpoint founder's 11m shares sale sparks 15% value slump
Motorpoint’s share value slumped by over 15% after the car supermarket’s founder David Shelby sold 11 million shares “in connection with divorce proceedings”.
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Car Dealer News 16 Aug
Pendragon agrees £17.2m California Chevrolet dealership disposal
Pendragon has completed the £17.2 million disposal of its Chevrolet car dealership in Puente Hills, California.
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Car Dealer News 3 Jul
Pendragon completes £28.2m disposal of US JLR dealership
Pendragon has completed the disposal of its JLR dealership in Mission Viejo, California, fro £28.2 million.
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Latest News 28 Jun
Blue Motor Finance named inspiring company by London Stock Exchange
Blue Motor Finance has been recognised by the London Stock Exchange Group as one of Britain’s most inspiring companies.
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Car Dealer News 27 JunPendragon chief executive Mark Herbert to leave the business
Pendragon’s recently-appointed chief executive, Mark Herbert, will leave the business at the end of this month according to a statement issued via the London Stock Exchange.
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Car Dealer News 25 JunStock Exchange reacts to FCA investigation of Lookers’ sales processes
Lookers has said that it is “cooperating fully” with the Financial Conduct Authority (FCA) as the regulator announced that it was commencing an investigation into the car retail group’s sales process.
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Car Dealer News 12 Jun
Pendragon seeks ‘self-help opportunities’ after significant loss predictions
Pendragon needs to refocus its Car Store used car supermarket strategy as it seeks out “self-help opportunities” in light of an operational business review which predicted that the group would make a significant loss in H1, 2019.
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Car Dealer News 31 MayLookers reports ‘continued strong momentum’ in AGM trading update
Lookers has reported growing turnover and profitability across new and used car sales and its aftersales operations in a trading update announced at its AGM today.
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Car Dealer News 31 Jan
Anders Hedin Invest ups Pendragon share to over 11%
Pendragon has attracted further investment from Swedish investment company Anders Hedin Invest, just five days after its acquisition of an initial 9% share of the car retail group.
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Car Dealer News 25 JanSwedish investment firm Anders Hedin Invest acquires Pendragon share
Shares in Pendragon closed 1.3% up on Wednesday (January 23) after Swedish investment company Anders Hedin Invest bought a 9.24% share in the AM100’s former number one retail group.
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Manufacturer 15 NovAston Martin shows 899% profit increase in Q3 financial results
Aston Martin has reported an 899% year-on-year increase in profits during Q3 as it doubled production output in its first set of financial results since its IPO last month.
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Car Dealer News 19 Oct
Share prices fall in response to Pendragon profit warning
Pendragon share prices fell by over 21% as markets opened this morning as the AM100 franchise car retailer issued a fresh profit warning.
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Manufacturer 10 SepAston Martin names former RBS executive as new chairman
Aston Martin has named former Coca Cola and RBS executive Penny Hughes as its new chairman ahead of an October float on the London Stock Exchange.
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Manufacturer 29 AugAston Martin to float on London Stock Exchange
Record profits have prompted Aston Martin to announce its plans to float on the London Stock Exchange later this year.
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Supplier News 11 JunBCA Marketplace rejects £1.61bn takeover offer
BCA Marketplace has rejected a £1.61bn takeover offer from London-based private equity firm Apax Partners.
