Lookers profits drop as new car sales decline
13th Mar 2019 11:09
(Sharecast News) - Profits at car dealership group Lookers fell in 2018 as new car sales declined, but the company said it had a good start to 2019.
Read moreUK car sales fall for the third month in a row
5th Dec 2018 11:03
(Sharecast News) - Sales of new cars fell in November, as supply constraints and faltering consumer confidence put the brakes on the industry.
Read moreLiberum sees value in motor retailers amid 'sweeping changes'
4th Dec 2018 11:36
(Sharecast News) - Analysts at Liberum initiated coverage on several London-listed motor retailers on Tuesday, noting the motor industry was facing "sweeping changes" and a margin crunch.
Read moreLookers H1 profits drop on strong comparative but revenue up
15th Aug 2018 09:51
(Sharecast News) - Car dealership Lookers posted a drop in first-half pre-tax profit on Wednesday due to a strong comparative period, but revenue rose and the company said results for the year should be in line with market expectations.
Read moreLookers reports positive trading in third quarter
9th Nov 2016 10:34
(ShareCast News) - Motor retail and aftersale service group Lookers reported a positive trading performance in the third quarter, with a strong result in the key month of September, which is when the new registration is introduced. In the nine months to the end of September, total gross profit fr
Read moreLookers buys Knights Group for £27.2m
22nd Aug 2016 09:32
(ShareCast News) - FTSE 250 car dealership and aftersales service chain Lookers has acquired BMW dealer Knights Group for £27.2m in cash that will be funded from the group's existing bank facilities. Lookers said the acquisition introduces BMW and Mini to the company's portfolio of prestige brands f
Read moreRevenue surges as Lookers seeks to shed parts division
17th Aug 2016 07:43
(ShareCast News) - Motor retail and aftersales service company Lookers announced its results for the six months to 30 June on Wednesday, with revenue increasing 33% to £2.34bn, from £1.75bn at the same time last year. The FTSE 250 firm recorded operating profit growth of 20% to £59.1m, while adjuste
Read moreLookers agrees acquisition of Midlands dealerships to deploy parts cash
15th Aug 2016 09:14
(ShareCast News) - Car dealership chain Lookers has added to its strength in luxury cars in the Midlands with the conditional £55.4m cash acquisition of Drayton Group. The FTSE 250-listed group has agreed to acquire the seven-dealerships firm on the condition that Lookers itself sells its car parts
Read moreLookers lets go of parts division in £120m deal
10th Aug 2016 07:14
(ShareCast News) - Lookers announced on Wednesday that it has entered into a conditional agreement to sell its parts business to Alliance Automotive, on a debt free and cash free basis, for a consideration of £120m payable in cash on completion. The FTSE 250 firm's parts division is a distributor of
Read moreITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
20th Jun 2016 09:25
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
Read moreFTSE quarterly review confirms raft of changes to 100 and 250 indices
2nd Jun 2016 08:00
(ShareCast News) - Hikma Pharmaceuticals' promotion to the FTSE 100 index was confirmed after the latest quarterly review was announced overnight, while demoted blue chip Inmarsat was joined in the FTSE 250 by three recently floated finance groups CYBG, CMC Markets and Metro Bank plus several others
Read moreLookers posts first quarter growth across the business
17th May 2016 07:56
(ShareCast News) - Motor retail and aftersales service company Lookers issued its first quarter trading update on Monday, and described its start to the year as strong with continued improvements across the business. The FTSE 250 company said it produced a positive trading performance in the three m
Read moreLookers reports seventh consecutive year of profit growth
9th Mar 2016 07:11
(ShareCast News) - Record performance in motors and parts drove another year of growth at Lookers in 2015, it said in its annual results on Wednesday, with revenue rising 20% during the calendar year to £3.65bn. The FTSE 250 firm's operating profit increased 12% to £85.9m, with adjusted profit befor
Read moreLookers sells Honda dealerships
25th Jan 2016 07:38
(ShareCast News) - Lookers has sold three of its Honda dealerships to Vertu Motors for approximately £2m. The FTSE 250 motor retail and aftersales service group announced the sale of the dealerships in Derby, Nottingham and Stockton-On-Tees on Monday. It said the rationale for the sale is that Vert
Read moreLookers expects full-year results in line with market expectations
30th Oct 2015 07:39
(ShareCast News) - Car dealership group Lookers expects full-year results to be in line with current market expectations following a solid performance in the last nine months from both the motor and parts divisions. In an update for the quarter ended 30 September, the company said it has seen strong
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