Pendragon’s half-year results have revealed it is to close 22 of its 34 Car Store used car operations, has taken a £102.4 million goodwill and property write-down, appointed an executive chairman...

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VINDIS ON TARGET ONLY BY ‘SIGNIFICANT’ SELF-REG SELLING EVs ‘VERY DIFFERENT’ SAYS JLR MD SIMON ELLIOTT JOINS VERTU LLOYD ADDS KIA IN CARLISLE GERMANY ‘IN RECESSION’ NISSAN CEO GOES...

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PENDRAGON TO RESTRUCTURE VINES SEES LOSSES DEEPEN MON MOTORS HIT HARD JARDINE DROPS HONDA VOLKSWAGEN AFTERSALES PLEDGE FRANKFURT SHOW GOING GREEN STOCKWATCH – Inchcape CFO buys shares; Motorpoint...

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Pendragon is in discussions with restructuring advisers, three months after pausing the process following the departure of chief executive Mark Herbert. He had been in the role for three months after...

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TRADE-IN WEBSITE TOOTLE CLOSES DOWN FORMER PM TO SPEAK AT NADA EASTERN WESTERN PROFITS RISE ABOVE £10M LOOKERS OPENS NEW £10M AUDI SITE SNOWS SEES RoS GAIN TESLA TAKES 28% OF EU EV MARKET BMW BOOSTS...

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For at least the past four years and probably longer – I didn’t check back any further – Pendragon has always issued its half-year results in the first week of August. This year things are…...

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Family-run retailer Sinclair has bought the Stratstone Jaguar Land Rover business in Swansea from troubled Pendragon. Pendragon, which has issued several profit warnings in the recent past and seen...

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  INCHCAPE SELLS FOUR SITES TO GROUP 1 PENDRAGON SELLS ANOTHER JLR AUTO TRADER TO REVISE PRICING BADGES FCA CALLS FOR RETAILER OPINIONS RETAILERS HOLD MORE USED STOCK FORD ORDERS FREE GEARBOX FIX...

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   JARDINE SEES PROFITS FALL MCLAREN LAUNCHES USED CAR PCP AUTODATA DOUBLES SMR UPDATES PARIS BANS FIVE MILLION CARS IN HEATWAVE CAR MAKERS WARN NEXT PM OF NO-DEAL CHAOS STOCKWATCH –...

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Losing a chief executive three months after hiring them is never great for any company, but when it’s a loss – making listed company it’s doubly bad. Thursday’s stock market announcement...

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In a surprised stock market statement Pendragon has revealed chief executive Mark Herbert will leave the business at the end of the month (30 June). Mr Herbert has been with the business for only...

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  GROUP 1 CONSIDERS UK ONLINE SALES USED CAR VALUES SET TO STABILISE SNOWS INVESTS TO DOUBLE BODYSHOP OUTPUT HR OWEN ADDS SECOND EV BRAND VW LOOKS WEST TO COUNTER CHINESE EXPOSURE EV TAKE-UP...

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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...

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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...

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Several listed retailers reported in May, and first off the blocks was Vertu with its final results for the year ending 28 February 2019. The numbers are interesting: profit before tax of £25.3m...

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Full year results for 2018 for those listed dealers with December year ends (Pendragon, Lookers and Marshall Motor Holdings), displayed several common market themes that have influenced each of the...

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A busy March saw a number of retailers reporting their results, turning in some very different performances in a more difficult market. First came Vertu with its preliminary results to 31 January...

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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...

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Pendragon has been in the news of late. Last month saw a number of substantial bids for the retailer, and this month comes news of the appointment of a new CEO from 4 March, Mark Herbert, who takes...

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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...

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