Lookers appoints new CEO
2nd Jan 2014 10:30
Lookers has appointed Andy Bruce as its Chief Executive Officer to replace Peter Jones who is retiring from the position. The car dealership chain said the change is part of a "succession plan". "Peter has been an outstanding Chief Executive of the group since his appointment on October 1st 2009,"
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 moreLookers sees 2013 results significantly ahead of expectations
30th Oct 2013 08:31
UK new and used car dealer Lookers reported strong third-quarter earnings and said it is confident that results for the full year will be significantly ahead of current market expectations. Lookers said it has benefited from a significant increase in volumes at both new retail and used cars as well
Read moreThursday broker round-up UPDATE
3rd Oct 2013 08:21
Alternative Networks: Westhouse Securities downgrades to neutral with a target price of 350p. ARM Holdings: Credit Suisse moves target price from 1030p to 1050p and reiterates an outperform rating. Burberry Group: JP Morgan raises target price from 1450p to 1550p reiterating a neutral rating. Car
Read moreThursday tips round-up: Lookers, Interserve, Apple
15th Aug 2013 06:45
Car dealership Lookers reported impressive interim results on Wednesday as the UK car market improves, The Telegraph's Questor column pointed out. While it operates 126 dealerships, selling new and used cars, it is the sales of spare parts that generate 60 per cent of profit. Lookers' vehicle sales
Read moreH1 profits motor ahead at Lookers
14th Aug 2013 08:07
A continuing recovery in the UK new car market has helped car dealer Lookers drive higher first half profit and revenue. Lookers said the buoyant UK market for new motors and a recovery in its parts division gave it confidence that it could continue to expand the business, improve full year results
Read moreWednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
Read moreLookers exec buys shares after strong first quarter
29th May 2013 16:13
Lookers has seen the Managing Director of its Motor Division top up his stake in the UK new and used car dealer two times in the last week, following a bullish trading update earlier this month. Andy Bruce, who joined the firm in 2000 and was appointed to the board two years later, bought a total o
Read moreBramall sells over 20m shares in Lookers
16th May 2013 15:39
Anthony Bramall, the long-time investor of motor trade investor and non-Executive Director of Lookers, has significantly reduced his stake in the car dealer for 'domestic reasons'. Bramall traded in 20.85m shares at an average price of 99.832p each, banking his family £20.8m. "The company has be
Read moreThursday broker round-up UPDATE
16th May 2013 07:43
Barratt Developments: Deutsche Bank lowers target price from 336p to 327p, while leaving its buy recommendation unaltered. BG Group: Credit Suisse raises target price from 1150p to 1190p keeping a neutral rating. BT Group: Berenberg takes target price from 280p to 375p and retains a buy recommenda
Read moreStrong performance in motor division drives revenue rise at Lookers
6th Mar 2013 13:41
UK new and used car dealer Lookers has reported a rise in its revenue to 2.1bn pounds in the year ended December 31st from 1.9bn pounds a year earlier. Adjusted profit before tax increased to £36.8m from £33.8m while profit before tax rose to £35.3m from £31.4m and earnings per share increased 7.0%
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
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 moreRobust third quarter at Lookers
30th Oct 2012 07:40
New and used car dealer Lookers posted record third quarter results as it increased new retail and used car volumes at improved margins. The group reported a strong performance from July 1st to October 29th 2012, despite the challenging conditions in the motor retail market and expects full year re
Read moreSunday share tips: Lookers, G4S, Galliford Try
23rd Sep 2012 16:26
The shares of Lookers, the car dealership, were weak last week, as the 17.3 per cent stake owned by Trefick was sold off in an orderly manner. The sale came after two failed takeover attempts last year. Indeed, with the share hitting a high of 73½p early last week, it looks like the board was correc
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