Lookers says Q3 trading better than expected
16th Oct 2020 10:15
(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 moreLookers fraud report finds £19m of profit overstatements
29th Jun 2020 07:43
(Sharecast News) - Lookers said an investigation into potential fraud at the company had found £19m of profit overstatements covering several years.
Read moreLookers seeks new chairman in board purge
24th Jun 2020 08:58
(Sharecast News) - Lookers is seeking a new chairman and two more directors as part of a board clearout at the embattled car dealer.
Read moreLookers to cut 1,500 jobs, shut 12 dealerships
4th Jun 2020 09:35
(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 morePendragon says early merger talks with Lookers have ended
4th May 2020 09:30
(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 moreLookers reopens some sites after furloughing 7,000 workers
24th Apr 2020 08:45
(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 moreLookers COO Cameron Wade resigns
12th Mar 2020 10:18
(Sharecast News) - Car dealership Lookers has announced the resignation of chief operating officer Cameron Wade with immediate effect.
Read moreLookers tanks as it delays results due to possible fraud
11th Mar 2020 08:17
(Sharecast News) - Lookers shares tanked on Wednesday after the car dealership delayed the release of its results due to possible fraud.
Read moreLookers appoints new CEO; sees FY trade in line
5th Feb 2020 09:00
(Sharecast News) - British car dealer Lookers on Wednesday said it had appointed chief financial officer Mark Raban as chief executive as it reiterated full year guidance.
Read moreLookers shares crash on profit warning
1st Nov 2019 09:36
(Sharecast News) - Lookers shares crashed on Friday after the car dealership warned that annual profit was set to fall sharply - its second profit warning in less than four months - and announced the departure of its chief executive and chief operating officers.
Read moreLookers profits drop; one-off investment plan announced
14th Aug 2019 08:13
(Sharecast News) - Car dealership chain Lookers reported a drop in first-half pre-tax profit on Wednesday amid a "challenging" market backdrop, as it announced a one-off investment to address control issues in its sales processes.
Read moreLookers valuation 'extreme', says Liberum
26th Jun 2019 12:47
(Sharecast News) - Lookers' valuation looks "extreme", Liberum said on Wednesday, a day after the car dealership's shares tanked on news of a Financial Conduct Authority investigation into its sales processes.
Read moreFriday broker round-up
31st May 2019 12:50
(Sharecast News) - Bunzl: Goldman Sachs upgrades to buy with a target price of 2,700p.
Read moreJPMorgan Cazenove downgrades Lookers amid cost inflation woes
21st Mar 2019 15:17
(Sharecast News) - JPMorgan Cazenove downgraded its recommendation on car dealership Lookers to 'neutral' from 'overweight' and cut the price target to 98p from 129 on Thursday, highlighting the problem of cost inflation.
Read moreThursday broker round-up
14th Mar 2019 13:22
(Sharecast News) - Savills: Peel Hunt downgrades to hold with a target price of 925p.
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