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Lookers finds £19m missing over ‘several years’

An investigation into a potential fraud at Lookers has found a “cumulative total of approximately £19 million of non-cash adjustments” due to overstatements in profitability spanning several years, including the

Auto Retail Agenda: 29 June 2020

  NO AUSTERITY BUT NO VAT RATE CUT UK ‘CHAPTER 11’ BECOMES LAW DELAY HARMS SCOTTISH RETAILERS VW LOOKS TO BUY EUROPCAR AUTO TRADER TO WORK WITH EBBON-DACS FRENCH CAR SALES RECOVER INCHCAPE AUSTRALIA RESHUFFLE

Bramall to step down from Lookers board

Lookers is undergoing a board reshuffle which includes Tony Bramall, Lookers’ biggest shareholder and the man who effectively saved the business from a hostile takeover by Pendragon in 2006, stepping down as a

Auto Retail Agenda: 22 June 2020

  DATA SHOWS BOOMING JUNE ‘ONE METRE PLUS’ TO HELP TEST DRIVES VAUXHALL CLOSED FOR PERRYS, ARNOLD CLARK, DONNELLY FORD’S BARRATT WARNS ON DEMAND TG HOLDCROFT, DRIVE MOTOR RETAIL IN PROFIT KEN CRAIG LEAVES

Auto Retail Agenda: 15 June 2020

  LOOKERS SEEKING EXTRA INTERNAL AUDITORS PPI CLAIMS FIRMS NOW TARGETING AUTO RETAILERS USED CAR PRICES: UP OR DOWN? LIPSCOMB OPENS, ARNOLD CLARK CLOSURE? VROOM DOUBLES AFTER IPO HOLDEN AND DEALERS HEADING TO COURT?

Auto Retail Agenda: 8 June 2020

  RETAILERS REPORT FIRST WEEK REBOUND 1 IN 4 RETAIL JOBS UNDER THREAT HOW TO BRING CUSTOMERS BACK SUCCESSFULLY MORE RETAILERS CLOSE BCA BUYER APP EXTRAS GERMANY REOPENS BUT SALES DOWN 50% CARVANA TO SURPASS CARMAX?

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