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Margin pressure hits Pendragon profits

Pendragon, the UK’s largest auto retail group, grew its business by almost 8% in the first half of the year but pressure on margins due to increased operating costs meant underlying operating profits were down by

Refinancing pays off for Pendragon

Shares in Pendragon dipped sharply as the group announced full year pre-tax profits for 2011 of £24.0 million, an increase of £13.0m over 2010. They later recovered to end the month trading at around 13p, a

Pendragon fined for paying staff ‘too little’

Pendragon has been fined £5000 and ordered to pay more than £30,000 to 40 of its staff after HM Revenue and Customs ruled that they had been paid less than the minimum wage. HMRC said Pendragon deducted money

Pendragon: profits up, debt down

The UK’s largest auto retail group, Pendragon, has announced full year 2011 pre-tax profits of £24.0 million, an increase of £13.0 million over 2010. The increased profit has been achieved on reduced

Rumours lift Pendragon shares

Shares in Pendragon, the UK’s largest auto retail group, have risen rapidly in the week after rumours of a pending stock market announcement swept the City. From a low point of 7.4p on January 19, the shares ended

Pendragon profits up 12.7%

Pendragon has delivered financial results in the half-year to June 30 slightly ahead of expectations. Underlying pre-tax profits are up 12.7% at £17.7m and the underlying operating margin has improved too, up 20

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