25 Nov 2020 11:37
Restated results reveal ?46m loss at Lookers
(Sharecast News) - Lookers plunged into the red in 2019, it emerged on Wednesday, as the car dealership finally published much-delayed restated results.
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Don't have an account? Click here to register.16 Oct 2020 10:15
Lookers says Q3 trading better than expected
(Sharecast News) - Lookers said on Friday that third-quarter trading was better than expected and that this will offset a "material" underlying pre-tax loss for the first half following the closure of its dealerships throughout lockdown.
Read more29 Sep 2020 08:22
UPDATE 2-UK car dealer Pendragon narrows first-half losses
* Returned to profitibality in post-lockdown July and August* CEO says demand on rise as Britons avoid public transport* Shares down 3.1% after early gains (Adds CEO comment, updates share price)By Jasmine I SSept 29 (Reuters) - British auto dealer ...
Read more30 Jul 2020 09:50
UPDATE 2-UK auto retailers Pendragon, Inchcape to cut jobs
* Pendragon to cut 1,800 jobs* Inchcape falls to H1 loss, doesn't give layoffs number* Shares in both companies fall (Adds details on Inchcape's job losses, shares)By Samantha Machado and Yadarisa ShabongJuly 30 (Reuters) - British auto retailers Pe...
Read more3 Jul 2020 07:30
Britain to extend pandemic relief in auto finance, high-cost credit
LONDON, July 3 (Reuters) - Britain's Financial Conduct Authority on Friday proposed extending pandemic relief measures for consumers with car financing contracts or high-cost credit until the end of October.The watchdog set out options for support...
Read more29 Jun 2020 07:43
Lookers fraud report finds £19m of profit overstatements
(Sharecast News) - Lookers said an investigation into potential fraud at the company had found £19m of profit overstatements covering several years.
Read more24 Jun 2020 08:58
Lookers seeks new chairman in board purge
(Sharecast News) - Lookers is seeking a new chairman and two more directors as part of a board clearout at the embattled car dealer.
Read more8 Jun 2020 07:51
UK's Lookers signals shares suspension; auditor Deloitte resigns
June 8 (Reuters) - Car dealership network Lookers expects to see its shares suspended in July due to further problems with publishing its annual accounts after an investigation into irregularities at some operations, it said on Monday.The company...
Read more4 Jun 2020 22:40
UPDATE 2-British luxury carmaker Bentley to cut quarter of workforce
* Volkswagen owned firm seeks up to 1,000 job losses* Offers voluntary terms to workforce of 4,200* Cuts form part of new strategy* Targeting pure electric model launch in 2026 (Adds details)June 5 (Reuters) - British luxury carmaker Bentley Motors ...
Read more4 Jun 2020 09:49
UPDATE 2-UK stocks end lower as risk rally pauses for breath
* Aston Martin tumbles on plan to cut jobs* Financials among top drags on the FTSE 100* Resource stocks pressured by weak commodity prices (Adds details, updates to close)By Ambar WarrickJune 4 (Reuters) - UK shares hit their highest in nearly thre...
Read more4 Jun 2020 09:35
Lookers to cut 1,500 jobs, shut 12 dealerships
(Sharecast News) - Car dealership Lookers said on Thursday that it will cut 18.5% of its workforce and close more dealerships as it looks to make savings after taking a hit from coronavirus lockdown closures.
Read more4 May 2020 09:30
Pendragon says early merger talks with Lookers have ended
(Sharecast News) - Car dealer Pendragon confirmed on Monday that it did approach rival Lookers about a potential merger but said early talks have now ended.
Read more24 Apr 2020 08:45
Lookers reopens some sites after furloughing 7,000 workers
(Sharecast News) - Lookers said it had partly reopened some of its trading sites and had furloughed 7,000 of its workers during the covid-19 crisis.
Read more17 Apr 2020 07:55
UPDATE 2-Britain offers freeze on auto finance repayments in pandemic
(Adds leasing industry comment)By Huw JonesLONDON, April 17 (Reuters) - Britain's financial watchdog has proposed a repayment freeze for millions of consumers with auto finance contracts, goods bought on high-cost credit, and pawned belongings dur...
Read more17 Apr 2020 07:55
UPDATE 1-Britain offers freeze on auto finance repayments in pandemic
(Adds more detail)By Huw JonesLONDON, April 17 (Reuters) - Britain's financial watchdog has proposed a repayment freeze for millions of consumers with auto finance contracts, goods bought on high-cost credit, and pawned belongings during the coron...
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