Company
Vertu Motors
LON:VTU
Vetru Motors operates the UK's 10th largest automotive retail business
42 stories
Car dealers ease lower as second-hand prices turn down
Used car prices have soared by as much as 30% during the past year
Vertu Motors becomes largest UK BMW motorcycle retailer
The company has announced the acquisitions, worth an estimated £4.2mln, of two Yorkshire-based BMW Motorrad outlets
Vertu Motors sees full-year profit beating market expectations after strong trading in first half
"The first half has seen a strong trading performance with vehicle margin strength offsetting market driven volume shortfalls,” said chief executive Robert Forrester
Vertu Motors anticipates costs to increase in second half, but fiscal 2023 seen in-line
The motor dealer said its operating expenses have increased year-on-year due to rising costs and the removal of government support
Vertu acquires two further Toyota dealerships in East Midlands
Following this transaction, the company will own businesses that represent 13 car manufacturers across 39 sales outlets in the East Midlands – its most significant region – including three Toyota outlets.
Vertu ups profit forecast as new car shortages drive used prices higher
Low supply and strong demand are making for an exceptional used car market environment
Vertu Motors acquires loss-making BMW, MINI dealerships from Inchcape for £18.7mln
Vertu expects to see a return on its investment from financial year 2024
Vertu Motors back in profit as used cars fly off the lot as coronavirus lockdown ends
There was a 20% jump in new retail sales in July, while used car profits were a record
Vertu Motors higher as CEO says June trading stronger than expected, plans 345 job cuts
The car dealer delivered an adjusted pre-tax profit of £9mln in June, swinging from a £14.2mln loss in the March to May period and ahead of its original business plan
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FTSE 100 closes higher as US president talks up trade deal
The UK index of leading shares closed up around ten points at 7,271, while the FTSE 250 added 66 points at 19,531
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ITV to take spotlight on Wednesday as updates arrive from several blue-chip firms
Tobacco firm Imperial Brands and insurer Direct Line are also scheduled to report at the mid-point of the week
Vertu Motors says it is “well positioned” amid Brexit threat to UK car sales
“Whilst the outlook remains uncertain, the group continues to be very well positioned to take full advantage of tougher markets which will, as has been the case in previous sector downturns, provide opportunities,” said Robert Forrester, Ve
Vertu Motors expands in vans with £7.5mln acquisition of South Wales-based online retailer Vans Direct
The automotive retailer said it expects the deal to be immediately earnings enhancing and it sees synergy opportunities with its existing light commercial vehicle businesses
Vertu Motors slides as profits dip amid pressure from weak pound and emissions regulations
The car retailer reported an adjusted pre-tax profit of £18.1mln for the period, down from £20.9mln a year ago despite revenue growth to £1.5bn from £1.4bn previously
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Marston's results to show benefits of World Cup and heatwave
The day ahead includes trading updates from Marston's and PageGroup
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Retailers and recruiters in week ahead spotlight with results from N Brown, WH Smith, PageGroup and Hays
The week ahead sees updates from N Brown, WH Smith, Hays, PageGroup, Greggs, RPC Group and Marston's
Investments and investor services
Vertu Motors shares lower as profits ease amid “‘tougher trading” for motor industry
We have closed what turned out to be a more challenging year for the sector, with the business in a strong position,” said Robert Forrester, Vertu chief executive
FTSE 100 closes slightly in red; Shire biggest gainer
FTSE 100 closed 1.39 points lower at 7,565, while FTSE 250 went the other way
FTSE 100 closes lower ahead of FOMC minutes
The FTSE 100 index closed down 4.46 at 7,533, below the session peak of 7,550.17 but above the low of 7,519.60
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Pagegroup looking to emulate Robert Walters in third quarter update
Robert Walters raised full-year profits guidance; will Pagegroup do the same?
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Nice little earners ... but Sports Direct should come with a wealth warning
John Harrington takes a look at some ostensibly undervalued companies with consistent records of earnings growth
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Sports Direct and other "nice" little earners
John Harrington goes off in search of undervalued companies with a record of earnings growth and is surprised by what he finds
PREVIEW: Solan in focus for Premier Oil investors
The Solan field came online in April, and its early performance will be a key highlight for investors.
Week Ahead: Summit Therapeutics to reflect on year of unrelenting progress
News flow for the drugs developer has been nothing but positive this year
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Small cap highlights: Abcam PLC, Minco PLC, Proxama PLC, Stanley Gibbons Group PLC ...
This week we focus on bike riders and London buses and, as is usually the case, the buses come out on top
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Investors waiting on Draghi
It was a day to take the bus with Proxama and get off the Tandem
Proxama provides cheer as small-cap stocks drift
The FTSE 100 Index put on 44 points to 6169 but the AIM 100 was just 1.5 points to the good at 3272
Proxama's Google tie-up brightens downbeat start for small-caps
The AIM 100 was dragged down by a couple of stocks that were hit hard after announcing fund-raising plans
Risers & Fallers: IMI, Kingfisher, Lloyds Banking Group, Lookers, Ophir Energy, Unite Group
MX Oil could sell its Nigerian investments for a sum that is - or was - more than the market capitalisation of the whole company
Wednesday's agenda: Can Marston's keep momentum going?
he third quarter was in line with expectations with profit margins slightly above last year
Week ahead – Bellway to report in busy week
Next week looks busy on both the macro and corporate front, kicking off with a round of Central Bank speeches on Monday, including from the USA and Canada.
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