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PENDRAGON PAYS COST OF REFINANCING

Shares in Pendragon jumped sharply after the company used its annual results announcement to confirm it had reached a refinancing settlement with its funders and avoided a December 2008 covenant test. Investors took the

Rightsizing is painful but right

Last week was a painful one for automotive retail. Pendragon cut 1800 jobs and committed to closing 15 sites, which actually ‘only’ accounted for 400 of the job losses – hard for those involved, but that there are

Auto Retail Agenda: 3 August 2020

  Stoneacre targets Hodgson Dick Lovett profit up Hepworth closes Mitsubishi showroom Motorline plans new £12m Bristol facility WORLD NEWS – Penske profit down, Cox cuts jobs STOCKWATCH – Inchcape falls 11.5%

Auto Retail Agenda: 27 July 2020

  Perrys in profit, fined by HSE Boohoo buys Marshall Vauxhall Leicester site 70-plate advance registration to open Auto Trader using Looker tech Conferences return in October WORLD NEWS – Ford job loss buyback,

Auto Retail Agenda: 20 July 2020

  Showroom facemasks law clarity New logo means showroom upgrade for Nissan dealers Toomey in profit as merger complete Arnold Clark used sales soar in Scotland BCA app gets Bid Now tool AutoNation loses another CEO

Auto Retail Agenda: 13 July 2020

  Lotus retailer network ‘to be 75% new’ Vertu reports surge in Scottish demand Marshalls adds Aylesbury VW Indoor masks to become mandatory Coronavirus Job Retention Bonus explained Subprime loan clampdown Audi

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