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Odey ups Pendragon stake to 15%

Odey Asset Management has increased its stake in Pendragon from 14.49% to 15.01%. The London-based investment firm remains Pendragon’s second-largest shareholder, behind Telios Capital Partners, which holds 18.09%

Pendragon’s Brian Small buys 400,000 shares

New Pendragon non-executive director Brian Small has purchased 400,000 shares in the company, a day after taking office as chairman of the audit committee on 10 December. A purchase price of 10.44p gave an aggregate

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

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