Shares
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Car Dealer News 8 FebConstellation 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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Car Dealer News 19 JanCazoo plans UK site closures and job cuts after European exit
Cazoo plans to close sites and axe jobs in the UK as part of a ‘Revised 2023 plan’ following its 2022 exit from used car markets on the European mainland.
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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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Car Dealer News 16 AugUS-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 31 JanConstellation 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 26 NovCaffyns H1 financial results reveal revenues and profit growth
Caffyns has revealed turnover up by 29.8% and a 62.3% rise in profit before tax in published results for the first half of its financial year.
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Car Dealer News 29 OctAnders Hedin becomes Pendragon's biggest shareholder
Swedish motor retailer Anders Hedin has increased his stake in the UK's top 10 AM100 group Pendragon to just over 25% of voting rights.
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Car Dealer News 12 OctCambria Automobiles re-privatisation approved at car retailer’s AGM
Cambria Automobiles return into private ownership has been officially approved at the car retail group’s annual general meeting.
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Car Dealer News 13 SepCambria £82.5m takeover bid exceeds 75% required acceptance
Cambria Automobiles’ £82.5 million takeover by the car retail group’s chief executive Mark Lavery has now exceeded the required 75% acceptance rate needed to succeed.
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Car Dealer News 1 JulLookers 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.
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Car Dealer News 7 Apr
Share incentives could support senior management pay while preserving cash
Dealer groups that need to preserve cash during the coronavirus lockdown could support higher-paid staff with share options.
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Car Dealer News 18 FebLivery Dole launches employee share scheme amid MBO
Livery Dole is set to be acquired in a management buy-out (MBO) that will formalise an employee share scheme at the Devon-based Mitsubishi Motor UK retailer.
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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 20 NovRenault ‘weakened’ by Ghosn misconduct, French minister claims
French Finance Minister Bruno Le Maire has said that Nissan chairman Carlos Ghosn is “no longer capable of leading” fellow Alliance manufacturer Renault in light of his arrest amid allegations of financial misconduct.
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Car Dealer News 23 OctPendragon's 'spectacular' profit warning issued to London Stock Exchange
Pendragon is set to review and restructure its franchised dealer operations after issuing a profit warning to the London Stock Exchange.
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Manufacturer 3 JulRon Dennis sells McLaren share for £275 million
McLaren Technology Group and McLaren Automotive have merged to form the McLaren Group after former chairman Ron Dennis sold his share in the business for £275 million.
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Car Dealer News 22 Mar
Pendragon trio rewarded by shares bonus worth £1.7m
Pendragon chief executive Trevor Finn has been awarded a further 2.4 million shares in the business under the Company’s Long Term Incentive Plan.
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Car Dealer News 19 Oct
Marshall non-executive directors purchase more shares in the car dealer group
Peter Johnson, non-executive chairman of Marshall Motor Holdings, has invested a further £37,500 in shares in the publicly listed dealer group.
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