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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

Lookers hit by FCA probe while Pendragon anticipates losses

In its AGM trading update for the quarter to 31 March, Lookers noted that new cars represented 32% of gross profit and that, despite national registrations falling, it had increased its turnover of new cars by 3% and

What next for Pendragon?

Losing a chief executive three months after hiring them is never great for any company, but when it’s a loss – making listed company it’s doubly bad. Thursday’s stock market announcement that Mark Herbert was

Mark Herbert leaves Pendragon

In a surprised stock market statement Pendragon has revealed chief executive Mark Herbert will leave the business at the end of the month (30 June). Mr Herbert has been with the business for only three months after

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