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Bosses buy to boost Pendragon

Senior directors of Pendragon have stepped in to try to restore confidence in the auto retail group following its disappointing rights issue earlier this month. The directors have bought a total of 21.3 million shares

Pendragon rights issue flops

Pendragon’s recent 9 for 8 rights issue has had only a 67.7% uptake, leaving the underwriting firms to take up nearly 243 million shares at 10p each. The rights issue, announced on 14 July, leaves the underwriting

Pendragon refinances with rights issue

Pendragon, the UK’s largest auto retailer, is refinancing using a fully underwritten rights issue as part of a move to improve its borrowing terms. The aim of the rights issue will be to raise approximately

Pendragon profits hit by costs

Pre-tax profits for Pendragon for the year ending December 31, 2010 have been hit by exceptional costs relating to business closures and redundancies. The group declared an ‘underlying’ pre-tax profit of

Bid talk boosts Pendragon

Shares in Pendragon jumped nearly 30% this week after rumours started circulating about a possible takeover bid. The UK’s largest auto retail group has seen its market value slump in recent months making it

Pendragon – Net debt back on track

Net debt at Pendragon PLC has returned to planned levels, and the company hopes it to remain there until at least the end of the year according to the company’s latest interim management statement. Looking forward,

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