Vertu Motors Buys Ford, Mazda Scottish Franchises
9th Jun 2010 08:09
LONDON (Dow Jones)--Vertu Motors PLC (VTU.LN), a U.K. based motor retailer, said Wednesday it has exchanged contracts to acquire two dual franchised Ford and Mazda dealerships in Glasgow and Hamilton, Scotland, through the purchase of the trade and certain assets of the business from Shields Automot
Read moreVertu Motors Plc Acquisition To Accelerate Macklin Motors Roll-Out
9th Jun 2010 07:00
TIDMVTU RNS Number : 2899N Vertu Motors PLC 09 June 2010 ? 9 June 2010 Vertu Motors plc ("Vertu Motors" or the "Group") Acquisition to accelerate Macklin Motors roll-out Vertu Motors plc, the 9th largest UK motor retailer,
Read moreDavis Service non-exec takes more shares
19th May 2010 16:32
Per Utnegaard, a non-executive director at the laundry and workwear group Davis Service spent nearly £200,000 lifting his stake in the company. He bought 50,000 shares at 399.64p a time and now has 150,000. His bought his first 100,000 shares just before Christmas, paying 394.8p a time. In a trad
Read moreVertu to beat forecasts
25th Feb 2010 13:01
Car dealer Vertu says trading in the period to 31 January 2010 has remained ahead of budget and full year figures will exceed market consensus expectations. The scrappage scheme has helped new car sales, with like-for-like volumes up 18.6%. Used vehicle like-for-like volumes declined by 9% in the
Read moreSmall caps round-up: Quintain, Leed Petroleum, Solomon Gold...
2nd Nov 2009 08:18
Quintain Estates is weaker Monday after the property developer confirmed it is considering an equity issue, thought to be about worth about £180m. It said no formal decision has been made and a further announcement will be made when appropriate. Oil and gas explorer Leed Petroleum has completed wi
Read moreVertu drives up profit almost 50%
14th Oct 2009 08:35
Motor retail group Vertu reported a 47.4% surge in half year pre-tax profit as the £100m extension of the government's scrappage programme revved up demand for new cars. Profit before tax rose to £2.8m for the six months ended 31 August 2009 from £1.9m the year before. Revenue fell to £401.3m from
Read moreVertu Motors sees FY better than market expectations
23rd Jul 2009 08:42
Motor retail group Vertu Motors expects full year profit to come in better than market forecasts after the Government's scrappage programme gave the depressed new car market a boost. Volumes of new car sales have, however, been constrained by a scarcity of new vehicle stocks, the group explained.
Read moreVertu snaps up Brooklyn assets
26th Jun 2009 11:52
Britain's ninth largest motor retailer Vertu Motors has bought bits of Brooklyn Motor from administrative receivership for up to £9m. The assets acquired include four franchised outlets and an authorised repairer for £7.9m. The enterprise value of those businesses is put at £7.1m. "There is consid
Read moreVertu Motors stays strong in downturn
28th May 2009 08:17
Car dealer Vertu Motors managed to stay profitable in the year to 28 February despite the severe downturn in the car sector and said trading in the current year was ahead of expectations. Pre-tax profits totalled £70,000 compared with £140,000 the previous year as revenue climbed to £760.8m from £6
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