- Pendragon slumps to £130m loss
Pendragon’s half-year results have revealed it is to close 22 of its 34 Car Store used car operations, has taken a £102.4 million goodwill and property write-down, appointed an executive chairman to run the company
- Pendragon to restructure
Pendragon is in discussions with restructuring advisers, three months after pausing the process following the departure of chief executive Mark Herbert. He had been in the role for three months after taking over from
- Pendragon, is there a plan B?
For at least the past four years and probably longer – I didn’t check back any further – Pendragon has always issued its half-year results in the first week of August. This year things are… different (or should
- Pendragon sells another JLR
Family-run retailer Sinclair has bought the Stratstone Jaguar Land Rover business in Swansea from troubled Pendragon. Pendragon, which has issued several profit warnings in the recent past and seen the departure of its
- Lookers hit by FCA probe while Pendragon anticipates losses
In its AGM trading update for the quarter to 31 March, Lookers noted that new cars represented 32% of gross profit and that, despite national registrations falling, it had increased its turnover of new cars by 3% and
- What next for Pendragon?
Losing a chief executive three months after hiring them is never great for any company, but when it’s a loss – making listed company it’s doubly bad. Thursday’s stock market announcement that Mark Herbert was