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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,

Pendragon wins eviction notice for travellers

Pendragon has successfully applied to have travellers removed from its old Renault in Craigshaw Drive, Aberdeen. Encampments had been set-up at two sites in the city but Pendragon and Aberdeen City Council received

Marshall to buy Pendragon’s NW Mercedes business

Pendragon has agreed to sell its Mercedes-Benz business in the North West market area to Marshall Motor Group for an undisclosed sum. The deal, which includes the Mercedes franchises in Blackburn, Blackpool, Bolton,

Luxury brands helped Pendragon

Pendragon’s pre-tax profits jumped 48% to £15.7m in the first half of the year. The Stratstone Ferrari, BMW and Aston Martin dealerships led the way with a 20% rise in new car sales. Stratstone posted gross

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