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Pendragon presses reset

Unfortunately, Pendragon is no stranger to a profit warning. This week’s stock market statement makes it three years in a row the retailer has had to downgrade expectations. It’s clear Pendragon’s rapid growth in

Pendragon to be loss-making in 2019

Pendragon is expected to be loss-making in its current financial year, according to a stock market statement from its new management team. Led by chief executive Mark Herbert, who joined Pendragon earlier this year, a

Pendragon misses £50m profit prediction

Pendragon has taken a £92.2 million write-down of goodwill due to “market conditions”, failed to hit its own £50m underlying profit prediction and has seen its profit before tax figure drop to a loss of £44.4m in

New Pendragon CEO appointed

Pendragon has appointed Mark Herbert to succeed Trevor Finn as chief executive officer next month. Mr Herbert joins Pendragon following a 20 year career with Jardine Matheson Group across a diverse range of industries

January sees acquisition for Vertu while investors buy big stakes in Pendragon

January was a relatively quiet month for retailers reporting or making announcements. First came Cambria which, at the start of January, outlined its trading for the first three months of its current year to November

UPDATED: Swedish group becomes Pendragon’s second largest shareholder

UPDATE: Swedish investment company Anders Hedin Invest, which owns several dealer groups on the Continent, and which last week bought a 9.24% share in Pendragon has now increased this to more than 11%. The owner of the

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