PLCs
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Car Dealer News 6 MarLookers boosts fleet and leasing business with Fourways Vehicle Solutions acquisition
Lookers has acquired £3.8 million turnover fleet and leasing business Fourways Vehicle Solutions to grow its customer base in the corporate sector.
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Car Dealer News 2 MarVertu Motors asserts ‘scale is a key success factor’ in five-month trading update
Vertu Motors has asserted that ‘scale is a key success factor’ in automotive retail in a five-month trading update detailing its rapid expansion the addition of new dealership operations across the UK.
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News 28 FebMotorpoint to create 30 jobs at 20th used car retail store
Motorpoint has started a recruitment drive to attract staff for its 20th used car retail site, which is set to open in Ipswich in May.
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Car Dealer News 27 FebLookers drives cosmetic vehicle repair operation on new road to growth
Lookers expects to deliver a “quick return” on a muti-million-pound investment to grow its fleet of mobile service vans as it pursues growth in cosmetic repair and alloy wheel refurbishment.
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Market Insight 21 FebCar retail sector PLCs ‘valuations to improve’ in 2023, says Zeus Capital
Car retail sector PLCs Vertu Motors, Pendragon, Lookers and Motorpoint are expected to see “valuations improve” as stability returns to the UK economy.
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Car Dealer News 9 FebVIDEO: Vertu Ascot Mercedes-Benz undergoes refurbishment
Vertu Motors' Ascot Mercedes-Benz showroom has undergone refurbishment as part of a £711,000 investment in the dealership.
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Car Dealer News 8 Feb
Constellation Automotive owner TDR Capital acquires stake in Vertu Motors
Constellation Automotive owner TDR Capital has extended its presence in the car retail sector with the purchase of a 3.1% share in Vertu Motors.
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News 27 JanMotorpoint: reduced finance income and EV values to impact profits for ‘foreseeable future’
Motorpoint chief executive Mark Carpenter has insisted the car supermarket group will succeed in its goal of becoming a “highly profitable market leader” despite faltering finance commissions and used vehicle margins.
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Market Insight 25 JanLithia Motors’ Jardine takeover talks highlight UK's ‘undervalued’ car retail PLCs
Lithia Motors’ Jardine Motor Group takeover talks have highlighted the undervaluation of UK car retail businesses, analysts have claimed.
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Car Dealer News 25 JanCambria Automobiles enters ‘chapter two’ after McLaren FD appointment
Cambria Automobiles chairman and chief executive Mark Lavery has said his business is ready to enter “chapter two” of its development after the appointment McLaren finance director Paul Buddin as CFO.
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Car Dealer News 25 JanPendragon predicts ‘better than expected’ 2022 financials after Q4 growth
Pendragon has said that car sales growth in Q4 helped propel it to a “better than expected” 2022 financial performance in a trading update published this morning (January 25).
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Car Dealer News 13 JanLookers trio incentivised with £1.5m 2023 shares bonus
Lookers will grant its top leadership trio £1.5 million in share options for the car retail group’s 2023 performance if the car retail PLC meets a series of three-year performance targets.
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People News 19 DecLookers chairman Ian Bull ‘sorry’ to be stepping down from car retail PLC
Lookers chairman Ian Bull has said that he is “sorry” to be stepping down from his role with the car retail PLC at the end of this year.
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Car Dealer News 9 DecHedin Group withdraws £411m Pendragon takeover offer
Swedish car retailer Hedin Mobility Group has withdrawn its £400 million takeover offer for Pendragon due to “challenging economic conditions”.
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People News 28 NovInchcape chief financial officer resigns over ‘personal behaviour’ at event
Inchcape chief financial officer Gijsbert de Zoeten will stand down with immediate effect over issues with his “personal behaviour” at a recent event.
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Car Dealer News 25 NovCaffyns issues ‘cautious’ trading outlook after H1 profits declined by a third
Caffyns has cited stock shortages, economic uncertainty and energy concerns in a “cautious” trading outlook after a half-year trading statement revealed its profits had declined by a third.
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Acquisitions and deals 21 Nov
Hedin Group’s Pendragon ‘put-up or shut-up’ takeover deadline extended
Hedin Group’s ‘put-up or shut-up’ deadline for a takeover offer for Pendragon PLC has been extended to December 9.
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Car Dealer News 8 NovHR Owen has foundations for success ‘firmly in place’ after 2021/22 growth
Luxury car retailer HR Owen has said the foundations for its future success are “firmly in place” after growing its revenues and profits while driving investment in property and business growth in 2021/22.
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Acquisitions and deals 1 NovVertu Motors becomes UK’s largest BMW Motorrad motorcycle retailer
Vertu Motors has become the UK’s largest BMW Motorrad motorcycle retailer with the £4.4 million acquisition of two Yorkshire dealerships from Saltaire Motor Company, which trades as Allan Jefferies.
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People News 31 OctInchcape appoints former BP CFO Byron Grote as non-executive director
Inchape has appointed former BP finance director Byron Grote as a non-executive director.
