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Pendragon issues profit warning

Pendragon has issued a profit warning in which it blames WLTP-related new car supply issues for a poor performance in September and October. In the stock market statement the group says it expects underlying pre-tax

Pendragon profits take half-year hit

Profits and operating margins at Pendragon have taken another major hit as the group announced financial results for the half-year to end of June 2018. The group said its underlying profit before tax for the period was

Pendragon profits fall for second year

Pendragon has seen its profit before tax fall for the second year running with a drop of 10.5% to £65.3 million during 2017, while turnover last year increased by 4.5% to £4.74 billion. The results come after Pendragon

Pendragon to sell US operations

Pendragon, the UK’s second largest dealer group, is to sell its US division as part of a strategic review that followed a profit warning in late October. Alongside the sale of its US division, which is expected to

New car sales dip at Pendragon

Pendragon has delivered financial results for the first half of 2017 ahead of expectations with revenue up 6.3% across all its businesses, and UK Motor revenue up 4.4% to £2.23bn. The growth was largely driven by used

Pendragon shareholders divided over directors’ pay and future plans

Almost half of Pendragon shareholders voted against proposals for a new directors’ pay package and a value creation plan at the company’s annual general meeting on Thursday. Approval of the directors’ remuneration

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