Lookers has vowed to repay £4.1 million in Government furlough support after reporting record H1 financial results and completing the appointment of a new chairman and chief financial officer.
The deadline for the takeover of Cambria Automobiles by chief executive Mark Lavery has been extended by a week after shareholders held-back from accepting the terms of his £82.5 million offer.
Investors clamouring for a trading update from Cambria Automobiles before they vote on its chief executive's bid to take the dealer group private have had their wish Friday afternoon.
Vertu Motors has embarked on a £3 million share buyback programme and is set to resume dividend payments after upgrading its 2021 profit expectations to £50m to £55m.
Cambria Automobiles chief executive Mark Lavery has dismissed angry US-based shareholders’ allegations that his £82.5 million takeover bid for the car retail PLC is akin to “stealing”.
Vertu Motors has acquired global vehicle lighting businesses Powerbulbs and Car Bulbs Direct, to join its existing online car parts retailer, Aceparts.
Peter Vardy Group branding will appear on the sleeves of Edinburgh Rugby’s team shirts after the car retailer secured a four-year sponsoship deal ahead of this season’s major tournaments.
Vertu Motors has appointed Steve Rowe as its new group sales director as is recruits 50 new head office employees to improve online sales and customer relationships.
Marshall Motor Group chief executive Daksh Gupta has insisted that the AM100 PLC will not be “splashing the cash like Manchester City” after record H1 financial results left it with a strong balance sheet.
Marshall Motor Group has resumed the payment of dividends to its shareholders after delivering record revenues in a COVID-19 impacted first half of 2021.
Stoneacre Motor Group has assumed responsibility for the entire Toyota North East Market Area after completing the acquisition of Jardine Motor Group dealerships in Durham and Sunderland.
Marshall Motor Holdings has upgraded June’s forecast of record profits for 2021 in a trading update predicting an underlying pre-tax profit of “not less than £40 million” for the year.
Cambria Automobiles chief executive Mark Lavery has agreed an improved management buy-out offer of £82.5 million with the AM100 PLC’s board or directors.
Group 1 Automotive president and chief executive Earl J. Hesterberg has predicted the release of “several years” pent-up demand in the UK car retail sector.
Strong demand from car buyers and good levels of stock in the first half of the year have prompted Pendragon to upgrade its pre-tax profit guidance for 2021 by 20%.
Lookers has said that a positive swing in performance that will see 2020’s H1 loss of £50 million converted into a £50m pre-tax profit in the first half of this year.
TrustFord chairman and chief executive Stuart Foulds has expressed “pride” in his workforce’s delivery of a £13.6m pre-tax profit in the first half of 2021.
Chorley Group has closed all its dealership sites to mark July 19’s so-called ‘freedom day’ with a break for its workforce.
Marshall Motor Group chief executive Daksh Gupta has confirmed that the AM100 car retail PLC will maintain all COVID-19 social distancing measures after July 19’s ‘freedom day’ – including face masks.
DM Keith has completed the acquisition of the Leeds-based Ford and Kia franchised car retail business Ringways Group.
