JARDINE SEES PROFITS FALL MCLAREN LAUNCHES USED CAR PCP AUTODATA DOUBLES SMR UPDATES HIGHER COSTS HIT MOTORLINE PROFITS PARIS BANS FIVE MILLION CARS IN HEATWAVE CAR MAKERS WARN NEXT PM OF...

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...

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...

  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...

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...

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...

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...

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...

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...

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...

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...

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...

January was a relatively quiet month for retailers reporting or making announcements. First came Cambria which, at the start of January, outlined its trading for the first three months of its current...

At the end of the first week in December, Mike Allen, a market analyst for Zeus Capital, published a note analysing the results for Inchcape while offering a view on its future. He commented:...

When I first started writing about the auto retail industry, just over 20 years ago, Pendragon was already established as one of the leading players. Its chief executive, Trevor Finn, was our...

The fine of £134k imposed on Pendragon for failing to disclose in an online advert that a vehicle was ex-rental could set a dangerous precedent that could have sector wide implications, and is...

Pendragon has announced that its founder and CEO, Trevor Finn, is to retire from the company in the new year. In a statement to shareholders issued on Friday evening, the group said Finn had “agreed...

Retailers who pay fines for minor misdemeanours could open themselves up to much stiffer penalties in future and set dangerous precedents for the industry. The warning comes from Jonathan Butler, head...

Is a retailer legally bound to include in its advert for a vehicle where a customer can buy an equivalent one cheaper? It could be, if you logically extend the train of thought that led District Judge...

  CAMBRIA QUESTIONS HONDA, NISSAN AND VAUXHALL VALUE PENDRAGON FINE COULD SET SECTOR-DAMAGING PRECEDENT IM CONSIDERS INTRODUCING NEW BRAND SUZUKI TO FORM BUSINESS SPECIALIST NETWORK OMBUDSMAN...