Vertu 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
Read moreVertu Motors puts brakes on shares with discounted placing
9th Mar 2016 13:30
(ShareCast News) - Fresh from its upbeat trading update, Vertu Motors has confirmed it aims to raise £35 million at a discounted fundraising to help fund acquisitions. Despite the automotive retailer's shares trading at above 75p a share into the new year and having topped 70p earlier this month, Ve
Read moreVertu Motors shares down as firm eyes record profits
8th Mar 2016 15:16
(ShareCast News) - Vertu Motors was eyeing up a record year on Tuesday, though the markets didn't quite seem to agree with the board in afternoon trading. The AIM-traded company released a pre-close trading update early in the day, ahead of its results for the year ended 29 February. "[We expect] t
Read moreVertu Motors acquires Audi and VW dealer SHG
1st Oct 2015 11:18
(ShareCast News) - Car retailer Vertu Morors has completed the acquisition of Audi and Volkswagen dealer SHG Holdings for £12.8m in cash. The deal for the Hereford-based outlet will add Volkswagen commercial vehicles to Vertu's operations for the first time and will also introduce the Audi brand to
Read moreVertu Motors posts strong maiden results driven by expansion of the new cars market
13th May 2015 13:57
UK automotive retailer Vertu Motors saw its full-year revenues and profits rise on Wednesday thanks to an increase in customers and strong sales of used cars. Revenues increased 23.2% to £2.07bn while profits before tax climbed 32.9% to £21m. Earnings per share jumped to 4.87p from 4.15p. The group
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