Company
Vertu Motors
LON:VTU
Vetru Motors operates the UK's 10th largest automotive retail business
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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