Pendragon profits driven 15 percent higher by new, used sales
18th Feb 2014 16:38
Car retailer Pendragon said pre-tax profits for the year to December 31st, 2013 rose 14 per cent to 38.9m pounds driven by a strong performance in the used, after-sales and new segments. Revenue was up to £3.8bn from £3.6bn in 2012 and the total dividend was increased to 0.4p - an increase of 300%.
Read moreSunday share tips: Intecontinental Hotels, Rio Tinto, Pendragon
16th Feb 2014 18:09
Holders of shares in Intercontinental Hotels Group may want to extend their stay, the Sunday Times's Danny Fortson says. In his Inside the City column, Fortson said the owner of Holiday Inn and Crowne Plaza has returned more than $9bn to shareholders since it was de-merged from Bass in 1993. Another
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read morePendragon lifts full-year profit expectations
28th Oct 2013 15:08
Pendragon Group's shares advanced after raising full-year profit expectations on the back of strong second half results. In a trading statement, the operator of franchised motor dealers in the UK reported an improved performance due to strategic initiatives and improved market conditions. The fir
Read morePendragon drives profit acceleration in first half
6th Aug 2013 16:21
Car dealership franchiser Pendragon saw underlying pre-tax profits accelerate in the first half year. Chief Executive Trevor Finn said the group drove like-for-like gross profit improvements in all motor sectors and its used-car results continued to outperform the market. He added: "A step change
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read morePendragon sees online activity grow in first quarter
17th May 2013 14:27
Pendragon, the UK's largest franchised motor retailer, said it was trading in line with expectations in the first quarter as it continues to grow its online presence. The company said its online offering was an important driver for growth, with the number of visitors to the websites of its division
Read moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreWednesday tips round-up: IHG, Pendragon, Brammer
20th Feb 2013 06:35
Since the company decided to sell its estate of hotels to concentrate on managing them InterContinental Hotels Group (IHG) has returned 9 billion dollars to shareholders. The idea was that a hotels manager did not actually need to own the property. The above numbers suggest that was right. But the w
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read morePendragon profit soars, offers dividend
19th Feb 2013 07:11
Car dealer Pendragon said increased demand for new cars in Britain helped drive the group's full year performance. Underlying profit before tax jumped 18% to £36.4m in the year ended December 31st while revenue for the year increased 5% to £3.63bn. Pre-tax profit soared 58% to £37.8m. On a like f
Read moreMonday broker round-up UPDATE
14th Jan 2013 06:57
Aberdeen Asset Management: JP Morgan ups target price from 414p to 479p and retains an overweight rating. HSBC downgrades to neutral. Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating. ARM Holdings: Piper Jaffray downgrade to neutral. Ashmore Group: JP Morgan shifts ta
Read moreMondeo man choking on the fumes of Ferrari fella
30th Oct 2012 14:36
Judging by the share price reactions to the results of trading updates from three car dealers on Tuesday, things are going a bit better at the Lamborghini end of the market than the Ford Mondeo end. Shares in luxury auto dealership H.R. Owen climbed higher after the company said it was trading ahea
Read morePendragon in line for full year
30th Oct 2012 10:51
Auto dealership operator Pendragon reported profits were up in the third quarter as used car sales continued to form the backbone of sales. The firm said underlying trading performance remained in line with expectations for the full year. Operating profit was up by £1.5m in quarter three compared
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