Vertu Motors swings to profit in June; to cut 345 jobs
14th Jul 2020 08:18
(Sharecast News) - Vertu Motors said on Tuesday that it swung to a profit in June amid better-than-expected trading, but announced plans to cut around 345 jobs due to automation and as it looks to cut costs.
Read moreVertu Motors online sales grow amid lockdown
7th May 2020 10:23
(Sharecast News) - Automotive retailer Vertu Motors said on Thursday that online and telephone sales had continued to grow since Downing Street's social distancing restrictions came into effect on 23 March.
Read moreVertu Motors on track to meet FY guidance
3rd Mar 2020 10:07
(Sharecast News) - Automotive retailer Vertu Motors said on Tuesday that it was still on track to meet full-year expectations despite posting weaker revenues for the five months ended 31 January.
Read moreVertu Motors buys 4 VW passenger car dealerships in West Yorkshire
16th Jan 2020 08:33
(Sharecast News) - Automotive retailer Vertu Motors has bought four Volkswagen passenger car dealerships in West Yorkshire from Goodman Retail, a trading subsidiary of Sytner Group, for around £8.8m.
Read moreVertu Motors interim profit drops but FY expectations backed
9th Oct 2019 07:51
(Sharecast News) - Vertu Motors posted a decline in interim profit on Wednesday but said it was on track to meet its overall expectations for the year.
Read moreVertu Motors profit dips but beats expectations
8th May 2019 13:30
(Sharecast News) - Vertu Motors said on Wednesday that its chairman was stepping down as it reported a drop in full-year pre-tax profit.
Read moreVertu Motors sees further growth despite 'uncertain' outlook
1st Mar 2019 08:17
(Sharecast News) - Car dealer Vertu Motors expects to park up with a "significant year" of profit growth in its aftersales unit but acknowledged the outlook for the group as a whole remains "uncertain".
Read moreVertu Motors buys Newport-based Vans Direct for £7.5m
7th Jan 2019 08:04
(Sharecast News) - Automotive retailer Vertu Motors has bought Newport-based online van retailer Vans Direct for £7.5m in a deal that will be immediately earnings-enhancing.
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 moreVertu profits sunk by weakened sterling and fresh EU emissions regulations
10th Oct 2018 11:35
(Sharecast News) - Vertu Motors turned in a drop in pre-tax profits as part of its first-half report card on Wednesday, highlighting a weaker sterling and newly imposed emissions regulations across the EU as factors that had weighed on the firm's margins.
Read moreFriday newspaper share tips: Vertu Motors, Premier Oil
2nd Sep 2016 19:24
(ShareCast News) - Investors overreacted after the referendum vote, selling down shares of Vertu Motors over fears that Britons would be too afraid to continue splashing out on big-ticket items like cars, The Times´s Tempus said. Yet the automotive retailer´s latest update sought to allay those worr
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 moreThursday newspaper share tips: Vertu Motors, Old Mutual
2nd Jun 2016 13:33
(ShareCast News) - Car dealer Vertu Motors has had a "Buy" opinion placed on it by the Telegraph's Questor column, which cites likely improvements to next year's results and broker upgrades after news of a recent deal. The Gateshead-based outfit said on Wednesday that it had nabbed five car deale
Read moreVertu Motors acquires five further outlets in Derby
1st Jun 2016 12:42
(ShareCast News) - Vertu Motors has acquired five outlets in Derbyshire for £18.7m, including its first Toyota dealership and sixth with Land Rover. Vertu acquired Gordon Lamb Group Limited, which operates Toyota, Land Rover, Skoda and Nissan outlets in Chesterfield and the Skoda outlet in Derby. T
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