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UPDATED: Lookers rejects Pendragon merger bid

Pendragon has confirmed it approached Lookers about a merger in the last fortnight. Lookers rejected the approach because of the ongoing FCA investigation and the coronavirus crisis, according to a report by Sky News.

Pendragon full-year losses worsen

Pendragon pre-tax losses increased in 2019 to £97.8 million down from £90.6m in 2018. Revenue dropped to £4.51 billion from £4.63bn in 2018. Despite the loss before tax figure being worse than predicted six months

Pendragon appoints new CEO

Pendragon has appointed Bill Berman as chief executive officer after one of the most turbulent years in the retail group’s history. Mr Berman has been a non-executive director at Pendragon since April 2019 and has been

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

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