london stock exchange
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Car Dealer News 29 SepHedin Group removes block on rival Pendragon takeover bids
Hedin Group has withdrawn its move to block rival bids for AM100 car retail group Pendragon after a “surprise” announcement from the PLC’s board.
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Car Dealer News 28 Sep
Pendragon accelerates ‘comprehensive review’ in light of Hedin takeover bid
Pendragon is accelerating its plans to conduct a “comprehensive review” of its business in light of Hedin Group’s £411 million bid to take over the PLC.
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Car Dealer News 26 Sep
Hedin Group makes ‘highly conditional’ £411m takeover offer for Pendragon
Swedish car retailer Hedin Group has tabled its second takeover bid for Pendragon in six months – this time “highly conditional” 29p per share offer.
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Car Dealer News 16 Aug
US-based car retailer Lithia Motors linked with Pendragon takeover bid
US-based Lithia Motors is said to have been identified as the “large international corporate” which launched a £460 million takeover bid of Pendragon.
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Car Dealer News 5 Aug
Major shareholder blocks £460m Pendragon takeover talks
One of Pendragon’s five major shareholders has blocked a takeover bid launched for the AM100 car retail PLC by “a large international corporate”.
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Car Dealer News 20 Jul
Pendragon’s £33m profits deliver ‘good momentum’ ahead of H2's challenges
Pendragon chief executive Bill Berman has said that an anticipated £33 million underlying first-half pre-tax profit will give the car retail PLC “good momentum” for H2 2022.
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Manufacturer 1 JulTalks underway over Saudi Arabian investment in Aston Martin
Early talks over a potential £200 million Saudi Arabian investment in British supercar maker Aston Martin are said to be underway after share prices dipped to a new record low.
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Car Dealer News 29 JunLookers focussed on cash management amid ‘significant inflationary pressures’
Lookers has said that it will maintain its relentless focus on operational optimisation and cash management as “significant inflationary pressures” impact car retail sector’s trading performance.
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Car Dealer News 22 JunVertu Motors focussed on ‘operational excellence’ amid car retail’s H2 headwinds
Vertu Motors has said that it remains focused on the delivery of operational excellence around cost, conversion and customer experience as car retail’s headwinds deliver uncertain H2 outlook.
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Car Dealer News 16 JunPositive Inchcape trading outlook built on ‘improved outlook for supply’
Inchcape’s global car distribution operations have driven its year-to-date financial performance to ‘exceed expectations’, a trading update has revealed.
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People News 25 MayTime to 'explore new opportunities’, says ex-Marshall CEO Daksh Gupta
Former Marshall Motor Group chief executive Daksh Gupta has said the “time is now right for me to explore new opportunities” following the announcement of his departure from the AM100 car retail group.
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People News 25 MayMarshall Motor Group CEO Daksh Gupta exits business with immediate effect
Marshall Motor Group has left his position as chief executive of Marshall Motor Group with immediate effect.
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Car Dealer News 13 May
Vertu Motors completes £2m shares buy back action as CEO increases holding
Vertu Motors has completed a £2 million share buy back transaction to boost its employee benefit trust” as chief executive Robert Forrester increased his own shareholding in the car retail PLC.
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Car Dealer News 11 May
Constellation Automotive given green light for Marshall Motor Holdings takeover
BCA and cinch owner Constellation Automotive Group has received the regulatory approvals required from the Financial Conduct Authority (FCA) to complete its acquisition of Marshall Motor Holdings.
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Car Dealer News 21 Mar
Hedin Group could be sizing up second Pendragon takeover bid
Swedish car retailer Hedin Group could be lining up a second takeover bid for Pendragon after having an initial £400m offer rejected, it has been reported.
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Car Dealer News 16 MarInchcape to close Russian car retail operations
Inchape is pulling out of the Russian market as a result of the ongoing conflict in Ukraine.
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Car Dealer News 2 MarVertu Motors forecasts 2021/22 pre-tax profits increase of over 200%
Vertu Motors has revealed that its 2022 pre-tax profits will have risen by more than 200% in 2022 as it forecast a year-end total of “not less than £75 million” in a trading update issued this morning.
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Car Dealer News 31 Jan
Constellation Automotive acquires 19.9% stake in Lookers PLC
Cinch, BCA and Webuyanycar owner Constellation Group has followed up its move to acquire Marshall Motor Holdings with the purchase of a 19.9% stake in Lookers.
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Car Dealer News 7 JanLookers to publish record profits after ‘exceptional’ 2021
Lookers chief executive Mark Raban has revealed that car retail PLC expects to publish record annual profits after an “exceptional” 2021 trading performance.
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Supplier News 16 DecStartline targets growth after £292m London Stock Exchange-listed securitisation
Startline Motor Finance has completed a £292m London Stock Exchange-listed securitisation to fund growth and future-proof it with a move into electric vehicle (EV) funding.
