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PDG moves back into profit

As ever, city analysts remain divided on the prospects for Pendragon, despite the group producing half year results that achieved a significant turnaround from the losses incurred in the second half of 2008. The shares

AUTO RETAIL INVESTORS HESITATE

After a couple of months when auto retail stocks around the world have recovered quite strongly, there was a rather more hesitant reaction by investors in July. This was particularly evident in the UK where mixed

INVESTORS SENSE WORST MAY BE OVER

Auto retail dealership stocks in the UK and in the US continued to recover during June but there was a more mixed picture in mainland Europe and in the service sector. General investor sentiment is stronger after months

Chapter 11 fears shake market strength

After last month’s strong recovery in auto stocks there was a more cautious and rather uneven reaction in May. While values in the UK retail sector were broadly up, the UK service sector was more mixed and, across

LATEST CHANGES TO PARTIAL EXEMPTION

Auto retailers continue to face challenges from HMRC over the application of partial exemption rules for input VAT recovery. The discussion centre around the use of standard method overrides and special methods in

Car makers ponder joining scrappage

The government’s scrappage scheme is predicted to add around 100,000 new vehicle sales this year, according to industry analysts. Arthur Maher, of JD Power Automotive Forecasting, said that the scheme would be

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