Vertu Motors acquires two car dealerships for £8m
1st May 2015 09:15
Automotive retailer Vertu Motors has completed the acquisition of two car dealerships for a combined £8m. The Gateshead-headquartered company has bought Lancashire-based Bury Land Rover from a subsidiary of Pendragon for approximately £7m. The car dealership reported revenue of £41m for the year to
Read moreVertu Motors acquires taxi vehicles firm
5th Nov 2014 09:33
Vertu Motors has acquired The Taxi Centre, a firm which sources vehicles for private operators in the taxi sector. The consideration, which includes £1.1m of goodwill, is estimated at £0.7m, of which £0.2m will be settled by the issue of 343,053 ordinary shares in Vertu at 58.3p per share. The previ
Read moreVertu Motors acquires Fiat, Jeep and Alfa Romeo representation in Newcastle
1st Sep 2014 13:09
British automotive retailer Vertu Motors has confirmed it is trading in line with market expectations, courtesy of some new acquisitions. Last week the group opened a new Fiat brand centre in a recently acquired leasehold property, representing Fiat, Alfa Romeo and Jeep in Newcastle. On Monday, Ve
Read moreSunday share tips: Bellway, Standard Chartered, Vertu
10th Aug 2014 19:38
Buy shares of Bellway, whose valuation looks cheap, the Sunday Telegraph's Questor tipster advised. The housebuilder reported record trading on August 8th but the shares have fallen 6% this year on fears that rising interest rates could burst the UK's housing bubble. That leaves the shares trading a
Read moreNew Vertu Motors Chairman opens account
28th Jul 2014 15:49
The newly appointed Chairman at Vertu Motors, Peter Jones, has bought £171,000 worth of shares in the new and used car dealer. Jones, who will officially take up the role at the start of 2015, paid 57p for each of the 300,000 shares. Jones will replace Paul Williams, who will step down at the en
Read moreVertu Motors acquires dealership owner Hillendale
6th May 2014 09:11
Vertu Motors has acquired Hillendale Group, which operates a Land Rover dealership and a Jaguar dealership in Lancashire. The total consideration, which includes £6.4m of goodwill, is estimated at £8.2m, of which £2.0m will be settled by the issue of 3.41m Vertu shares at 58.64p each and the balanc
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreCable & Wireless Comms incoming Chief acquires 4.3m shares
3rd Jan 2014 16:49
Cable & Wireless Communications on Friday announced that soon-to-be Chief Executive Officer Phil Bentley had purchased 4.3m shares in the international telecoms operator. Bentley, the former Managing Director of British Gas, bought the shares the previous day at 56.912p each for a total spend of £
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 moreVertu Motors buys Hyundai dealerships in Scotland
22nd Nov 2013 14:19
Vertu Motors has acquired the trade and certain assets of two Hyundai dealerships in Edinburgh from Phoenix Car Company and Archers of Edinburgh. The two leasehold properties, situated in motor retail areas in the East and West of Edinburgh, were bought for an aggregate consideration of £0.7m for t
Read moreThursday tips round-up: Imperial Innovations, Vertu Motors
17th Oct 2013 07:07
Imperial Innovations has the right to take interesting discoveries from Imperial College London and package them up into companies that eventually can be floated or sold. The majority of its 92 investments are in pharmaceuticals; one of the most promising, Circassia, is well into clinical trials for
Read moreWednesday broker round-up UPDATE
16th Oct 2013 08:26
Anite: Northland Capital reduces target price from 160p to 120p, while staying with its buy recommendation. Panmure Gordon cuts target price from 177p to 142p and keeps a buy recommendation. Jefferies takes target price from 160p to 110p, while leaving its buy recommendation unchanged. Canaccord Gen
Read moreVertu Motors accelerates profit
2nd Sep 2013 07:32
Car retailer Vertu Motors said it has continued to experience year-on-year profit growth, since its last update at the end of July, from new and used vehicle sales and from vehicle servicing. In an update ahead of its half year results for the six month period ended August 31st 2013, the group sai
Read moreVertu Motors makes first foray into Land Rover with acquisition
21st May 2013 11:54
Vertu Motors has agreed to acquire the entire issued share capital of Albert Farnell from Co-operative Group Motors for 31m pounds. Farnell, which includes three Land Rover dealerships in West Yorkshire, will become a new division within Vertu. Jatinder Aujla, the current Operations Manager at Fa
Read moreTuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
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