Macklin Motors has completed the £1.5 million development of a new Motornation used car and van showroom in Lookers’ former Glasgow Volkswagen Van Centre.
Lookers has said that it expects to deliver a “small profit” and reduced debt in its 2020 annual financial results – defying analysts’ loss predictions.
UK accounting watchdog the Financial Reporting Council (FRC) has opened an investigation into Deloitte audit of Lookers PLC’s financial statements for 2017 and 2018.
Lookers PLC has appointed former Toyota GB president and managing director Paul Van der Burgh as a non-exec director.
Volkswagen UK has named Lookers Northallerton as its top-performing UK car dealer during a COVID-hit 2020 trading period.
The FCA has told Lookers does not intend to apply any sanction against the car retail group following the decision to close its investigation into the ‘possible mis-selling’ of regulated products.
Lookers PLC’s Northern Ireland car retail division, Charles Hurst Group, has appointed Jeff McCartney as its new group operations director.
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.
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.
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.
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.
Lookers has finally been able to publish its 2019 financial results which show a £87.4 million swing into pre-tax losses caused partly by past financial overstatements.
Business leaders from AM100 franchised car retailers Sytner, Lookers, TrustFord have joined the NFDA in lobbying Northern Ireland MPs on a Brexit tax issue which could result in a 20% price hike for used cars.
Lookers has said that the launch of a recruitment drive to take on largest-ever intake of apprentices in 2021 is a sign of its “confidence and ambition for the future”.
Citygate Automotive has completed the acquisition of Lookers’ West London Škoda dealership for an undisclosed sum.
Lookers has reported that trading in Q3 resulted in underlying PBT “significantly ahead of last year” to largely offset losses recorded in a COVID-19 impacted first half of 2020.
Lookers has officially re-opened the doors to its Renault dealership in Stockport – 12 months after a blaze that devastated the site.
Lookers' aim to present its 2019 financial results in August has been derailed by financial investigations, while lockdown lost it £1 billion sales in H1.
Pentagon Motor Group and Charles Hurst Group are both moving Vauxhall dealerships as they look to maximise their use of space to accommodate the PSA Group-owned car brand.
Lookers has requested that the listing of its ordinary shares be temporarily suspended, pending publication of its 2019 annual financial results.
