london stock exchange
-
Car Dealer News 8 AprLookers sells 44,000 cars in 'Lockdown 3' to finish Q1 ‘ahead of expectations’
Lookers sold over 44,000 new and used cars during a COVID-19 ‘Lockdown 3’ impacted Q1 to finish the period “ahead of expectations”.
-
Car Dealer News 31 MarPendragon concludes £106m US car dealership sales with JLR Santa Monica disposal
Pendragon has completed the process of selling off its US-based Hornburg car retail division with the sales of its Jaguar Land Rover (JLR) dealership in Santa Monica, California.
-
Car Dealer News 22 MarCambria Automobiles CEO leads MBO bid for AM100 car retail PLC
Cambria Automobiles chief executive Mark Lavery, finance director James Mullins and managing director Tim Duckers are exploring the possibility of a management buy-out of the AM100 PLC.
-
Car Dealer News 18 Mar
Lookers PLC to defy analysts with ‘small profit’ in 2020 financial results
Lookers has said that it expects to deliver a “small profit” and reduced debt in its 2020 annual financial results – defying analysts’ loss predictions.
-
Supplier News 12 Mar
UK's accounting watchdog opens investigation into Deloitte’s Lookers audit
UK accounting watchdog the Financial Reporting Council (FRC) has opened an investigation into Deloitte audit of Lookers PLC’s financial statements for 2017 and 2018.
-
Car Dealer News 2 Mar
Lookers avoids sanctions as FCA closes investigation into ‘possible mis-selling’
The FCA has told Lookers does not intend to apply any sanction against the car retail group following the decision to close its investigation into the ‘possible mis-selling’ of regulated products.
-
Car Dealer News 25 FebLondon Stock Exchange changes Inchcape PLC's listing amid shift away from retail
Inchcape has confirmed that its London Stock Exchange listing has been reclassified to remove reference to retail as it disposed of 13 UK dealership locations as part of a renewed focus on distribution in 2020.
-
Car Dealer News 4 FebVertu Motors' 2020 profits ‘ahead of forecasts’ after positive COVID-19 lockdown trading
Vertu Motors has reported that it expects its pre-tax profits for the financial year ending February 28, 2021, to exceed analysts’ current £18 million forecasts.
-
Car Dealer News 1 FebPendragon completes £16.3m sale of JLR dealership in California
Pendragon has completed the £16.3 million sale of its Hornburg Jaguar Land Rover (JLR) premium car dealership in Los Angeles, California.
-
Car Dealer News 29 JanLookers focuses on recovery after H1 2020 results reveal £50m loss
Lookers has applied to recommence share trading on the London Stock Exchange following publication of interim financial results which revealed a £50 million loss in a COVID-impacted H1, 2020.
-
People News 6 Jan
Lookers appoints Anna Bielby as new chief finance officer
Lookers has filled the chief financial officer role left vacant since February last year with Anna Bielby, formerly of PwC and CFO of telecoms company KCOM Group.
-
Car Dealer News 10 Dec
Inchcape reports ‘better than expected’ November lockdown sales
Inchcape has reported that its performance during November’s ‘Lockdown 2’ COVID-19 restrictions was “better than expected” – leading to an upgraded pre-tax profit forecast.
-
Latest News 6 NovBCA’s Corby car storage facility sold for £68 million
BCA’s 121-acre car storage and preparation facility in Corby has been sold in a deal worth £68 million.
-
Opinion 16 Oct
Lookers to publish 2019 results in November after 13.6% Q3 cars sales growth
Lookers has reported that trading in Q3 resulted in underlying PBT “significantly ahead of last year” to largely offset losses recorded in a COVID-19 impacted first half of 2020.
-
Acquisitions and deals 15 OctVertu confirms BMW acquisitions move after Inchcape disposals 'speculation'
Vertu Motors has confirmed that it is in discussion with a number of parties over the acquisition of “a number of BMW dealerships” following speculation that Inchape is set to sell a number of sites.
-
Car Dealer News 2 SepPendragon's digital car sales strategy targets £85m to £90m profit by 2025
Pendragon will rebrand and restructure its Car Store used car division while driving digital innovation in a new growth strategy which it hopes will deliver an underlying profit before tax of £85m to £90m by 2025.
-
Latest News 4 AugThe AA attracts investors as it sets it sights on debt reduction
The AA has become a potential takeover target as it looks to raise funds to re-balance its books in light of a £2.65 billion debt.
-
Car Dealer News 1 Jul
Lookers share trading suspended after fraud probe delays 2019 results
Lookers has requested that the listing of its ordinary shares be temporarily suspended, pending publication of its 2019 annual financial results.
-
Car Dealer News 24 Jun
Lookers to shake-up board in search of ‘new skills and experience’
Lookers is preparing to shake-up its board of directors in the search for ‘new skills and experience’ to guide the AM100 car retail group through the next phase of its development.
-
People News 22 JunHM Treasury appoints Nikhil Rathi as FCA chief executive
HM Treasury has appointed the current chief executive of London Stock Exchange Nikhil Rathi as the new permanent chief executive of the Financial Conduct Authority (FCA).
