PLCs
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People News 23 FebLookers’ Charles Hurst Group appoints Jeff McCartney as group operations director
Lookers PLC’s Northern Ireland car retail division, Charles Hurst Group, has appointed Jeff McCartney as its new group operations director.
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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.
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Car Dealer News 3 FebMarshall opens Seat and Cupra dealership at former Oxford Vauxhall site
Marshall Motor Holdings has opened a new dealership featuring Seat and its performance sister brand Cupra in a former Vauxhall franchised site in Oxford.
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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.
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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.
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Car Dealer News 27 JanPendragon reveals Stratstone BMW and Mini showroom plans for Derby and Hull
Pendragon has revealed its plans to develop new BMW and Mini dealerships in Derby and Hull, bringing the two brands together under one roof for the first time at the two locations.
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Car Dealer News 15 JanMarshall CEO Daksh Gupta among car retail leaders speaking at AM Live Virtual
Marshall Motor Holdings chief executive Daksh Gupta is set to reflect his “most challenging period in car retail” and reveal his approach for 2021 as one of the sector leaders speaking at Automotive Management Live Virtual.
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Car Dealer News 7 JanCambria Automobiles trading update shows impact of COVID-19 lockdown
Cambria Automobiles has claimed that its trading performance in the first quarter of its 2021 financial year was ahead of the previous year, despite the impact of November’s COVID-19 lockdown.
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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.
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Car Dealer News 5 JanLookers reviews remuneration policies after shareholders’ revolt
Lookers has said that it will continue to “review the appropriateness of the remuneration policy” following a shareholders’ revolt over the £450,000 pay packet of chief executive Mark Raban.
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People News 22 DecVertu Motors appoints new Vertu Motorcycles division brand director
Vertu Motors has promoted Honda Grantham general manager Mark Goode to the newly-created role of Vertu Motorcycles division brand director following the acquisition of BMW Motorrad Sunderland.
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People News 22 DecMotorpoint appoints Speedy Hire's Chris Morgan as CFO
Motorpoint has appointed former Speedy Hire group finance director Chris Morgan as its new chief financial officer following the resignation of James Gilmour from the post.
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Car Dealer News 10 DecInchcape 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.
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Car Dealer News 9 Dec
Marshall CEO Daksh Gupta says the group is ‘going for it’ in 2021
Marshall chief executive Daksh Gupta has told AM that the car retail PLC will be “going for it” in 2021 after upgrading its profit forecast, vowing to repay its deferred VAT payments and forego the CRJS in the new year.
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Car Dealer News 9 DecMarshall upgrades 2020 profit forecast after outperforming car retail market
Marshall Motor Holdings has upgraded its profit predictions for 2020 after it “significantly outperformed” the car retail market in October and November.
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Car Dealer News 9 DecFinance compliance veteran joins as Lookers seeks new CFO
Lookers has appointed Yorkshire Building Society chief financial officer Robin Churchouse as an independent non-executive director and chair of its Audit and Risk Committee, Remuneration and Nomination Committees.
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Acquisitions and deals 7 Dec
Vertu Motors completes Inchcape BMW and Mini dealership acquisitions
Vertu Motors has completed its long-awaited acquisition of 12 BMW, Mini and BMW Motorrad franchised motor retail outlets across five locations from Inchcape’s Cooper BMW division.
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Acquisitions and deals 30 NovInchcape agrees £29.7m sale of JLR Southampton dealership to Hendy Group
Inchcape UK has agreed the £29.7m sale of its Jaguar Land Rover (JLR) Arch Concept premium car dealership in Southampton to Hendy Group.
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Acquisitions and deals 16 Nov
Inchcape in ‘latter stages’ of Cooper BMW and Mini dealership disposals
Inchcape UK CEO James Brealey has asserted that his retail group remains “committed” to its BMW and Mini franchises after confirming it is in the latter stages of disposing of sites in the North East and Croydon.
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Car Dealer News 12 NovVertu Motors begins recruitment for BMW and Mini retail division
Vertu Motors has begun recruitment for a BMW division expected to be created from a multi-site acquisition to be completed during December.
