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Pendragon plc

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Three-pronged dose of good news boosts car dealers

30.09.09
Could car dealers be on the road to recovery? ... more

Deutsche’s chorus of ecstasy gives strong fillip to insurers

30.09.09
Life insurers were shining again today as bid rumours continued to ignite the sector and Deutsche Bank gave a glowing verdict on its prospects ... more

Bidders make beeline for Churchill

28.09.09
Suitors are queuing up for a slice of Churchill Mining... more

Second month of strong car sales poses threat to scrappage funds

04.09.09
The “cash-for-bangers” car scrappage scheme could run out of money within eight weeks motor industry experts warned today after August saw the second successive monthly jump in car sales ... more

Pendragon in call for boost to scrappage scheme time

18.08.09
Lord Mandelson should extend the old-car scrappage scheme to ensure the battered motor industry pulls firmly out of recession, one of Britain’s top dealers said ... more

Lookers raises £81m to steer away from debt

26.06.09
Troubled car dealer chain Lookers has raised £80.7 million from a share placing aimed at reducing its huge debts... more

Vertu to raise £30m for a shopping spree

28.05.09
Car retailer Vertu Motors unveiled plans to raise £30 million to buy new dealerships in a rare bit of good news for the beleaguered industry ... more

Fiat boss ‘warns UK plants will close in Vauxhall takeover’

05.05.09
Thousands of British carmaking jobs are under severe threat as it emerged a Fiat takeover of Vauxhall could lead to the closure of either or both of its Luton and Merseyside factories... more

Stricken car giant warns scrappage plan will fail

01.05.09
Car dealership Pendragon today crashed to a £200 million loss but signed a vital deal with its banks to secure its future. ... more

Lookers has doubts over backing from banks

30.04.09
Lookers, one of the Britain's biggest car dealers, admitted there is "material uncertainty" over whether its banks will continue to back the firm... more

Shares plummet as cynics struggle to digest Budget

22.04.09
The Chancellor of the Exchequer’s Budget was cynically seen by some in the City as an old fashioned move to soak the rich in order to dish out more to the poor with an eye on the next General Election. ... more

Pay bonanza of the City's part-time string-pullers

07.04.09
... more

Pendragon in talks with lenders after reviewing finances

01.04.09
British car dealer Pendragon Plc said today that it was reviewing its financing structure amid the economic downturn, and was in talks with its lenders to make changes to its loan terms... more

Inchcape puts huge discount sticker on its call for cash

19.03.09
Car dealer Inchcape was close to setting a record for a distressed rights issue, offering investors new shares at just 6p against last night’s close of 503/4p... more

The doomsday books are in fashion again

19.02.09
Forget the Great Depression of the 1930s. Economists and City analysts are looking into the history books to try to make sense of the mess we’re in and they’re pointing to two other periods: the early 1920s and the 1870s.... more

BA shares look ready for take-off now, says Merrill

10.02.09
Merrill Lynch has taken the bold step of calling the bottom of the market in shares of British Airways, which was flying high among blue-chips today with a rise of 9.5p at 148.8p... more

Share-pledge deadline sparks bosses deluge

23.01.09
Governance: The torrent of top bosses admitting to pledging their company shares to finance their private lives turns into a tsunami... more

2500 lose jobs at Pendragon

10.11.08
Britain's largest motor dealer has laid off more than 2500 staff, a fifth of its workforce, after falling heavily into the red... more

After car sales take a dive, there is still a glimmer of hope

08.09.08
Analysis: Not since England had a football team capable of winning the World Cup, have fewer cars been sold in Britain... more

Market report: Gloomy brokers add to the pub chains’ misery

29.08.08
The lack of spare cash in drinkers’ pockets appears to be having a detrimental effect on the UK’s big pub chains, judging by the collapse in their share prices this year.... more

Worst house prices fall for 18 years

28.08.08
The property market faces a full-scale collapse with house prices tumbling by more than 10 per cent a year for the first time since 1990... more

Sad and damning story of irresponsible neglect

18.08.08
My first reaction on reading of the suggestion by the Policy Exchange think tank that the Government should in effect abandon the North and concentrate on developing London, Oxford and Cambridge, was to laugh. ... more

Market report: Goldman puts damper on revival by builders

30.07.08
... more

As fuel costs soar, people shift from cars to trains and buses

11.07.08
Statistics from the Department for Transport indicate the rate of car usage has fallen every quarter in the last year. But why?... more

Pendragon fires 500 as car sales collapse

30.06.08
Britain's biggest motor dealer, the Stratstone and Evans Halshaw group Pendragon, is laying off 500 car salesmen as the consumer downturn ravages the sector... more

Chairmen's pay on rocket fuel - and not just at BP

15.04.08
Fat-cat pay, or executive remuneration as they call it in the posher papers, is so last century... more

Pendragon profits cut in half by cars slump

20.02.08
The stalling car sales market has seen profits crash at Britain's biggest motor dealer.... more

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