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United Kingdom

Lookers PLC (LOOK.L)

LOOK.L on London Stock Exchange

51.50GBp
23 Aug 2019
Change (% chg)

-0.50 (-0.96%)
Prev Close
52.00
Open
51.80
Day's High
51.90
Day's Low
50.40
Volume
1,547,535
Avg. Vol
1,077,957
52-wk High
113.60
52-wk Low
33.70

Latest Key Developments (Source: Significant Developments)

Lookers Plc Cuts FY Outlook For Underlying PBT Amid Challenging Conditions
Friday, 12 Jul 2019 

July 12 (Reuters) - Lookers PLC ::LOOKERS PLC - HALF YEAR TRADING UPDATE.LOOKERS PLC - TRADING FOR THREE MONTHS ENDED 31 MARCH 2019 WAS POSITIVE.LOOKERS PLC - TRADING DURING THREE MONTHS ENDED 30 JUNE 2019 AGAINST STRONG COMPARATIVES, HAS PROVED INCREASINGLY MORE CHALLENGING.LOOKERS PLC - WEAKER DEMAND AND RESULTING MARGIN PRESSURE IN USED CAR MARKET HAS SIGNIFICANTLY INCREASED, NOTABLY DURING MONTH OF JUNE.LOOKERS - THROUGHOUT H1 AND IN LINE WITH GENERAL RETAIL SECTOR TRENDS GROUP HAS CONTINUED TO EXPERIENCE COST INFLATION PRESSURES.LOOKERS PLC - UNDERLYING PROFIT BEFORE TAX FOR H1 IS EXPECTED TO BE APPROXIMATELY £32M COMPARED TO £43M IN COMPARABLE PERIOD LAST YEAR.LOOKERS PLC - NOW EXPECTS THAT MORE RECENT CHALLENGING CONDITIONS ARE LIKELY TO CONTINUE INTO H2.LOOKERS PLC - THERE IS ALSO POSSIBILITY OF NEW VEHICLE SUPPLY RESTRICTIONS AS NEW EMISSIONS REGULATIONS COME INTO FORCE DURING Q3.LOOKERS PLC - OUTLOOK FOR UNDERLYING PROFIT BEFORE TAX FOR FULL YEAR IS NOW BELOW ITS PREVIOUS EXPECTATIONS.  Full Article

Lookers CFO Robin Gregson To Step Down
Friday, 5 Jul 2019 

July 5 (Reuters) - Lookers PLC ::LOOKERS PLC - DIRECTORATE CHANGE.LOOKERS PLC - ROBIN GREGSON, CHIEF FINANCIAL OFFICER, WILL STEP DOWN AFTER 10 YEARS IN ROLE.LOOKERS PLC - MARK RABAN WILL BE APPOINTED AS CFO AND WILL JOIN BOARD ON 15 JULY 2019.LOOKERS PLC - ROBIN HAS STEPPED DOWN FROM BOARD WITH IMMEDIATE EFFECT BUT WILL REMAIN AS CFO UNTIL 15 JULY.  Full Article

Lookers Says Delivers "Positive" Performance Over Q1
Friday, 31 May 2019 

May 31 (Reuters) - Lookers PLC ::AGM TRADING UPDATE.GROUP HAS DELIVERED A POSITIVE PERFORMANCE OVER Q1.TURNOVER OF NEW CARS INCREASED BY 3%, AHEAD OF TOTAL MARKET REDUCTION IN THREE MONTHS ENDED 31 MARCH.IN THREE MONTHS ENDED 31 MARCH, TOTAL GROSS PROFIT FROM NEW CARS INCREASED BY 4% WITH A MODEST INCREASE IN PROFIT PER UNIT.IN THREE MONTHS ENDED 31 MARCH, ON A LFL BASIS, BOTH TURNOVER AND GROSS PROFIT WERE MAINTAINED AT A SIMILAR LEVEL TO LAST YEAR.TRADING PERFORMANCE SINCE MARCH HAS BEEN SATISFACTORY IN LIGHT OF CURRENT TRADING CONDITIONS.  Full Article

Lookers FY Pretax Profit Falls 9 Pct
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Lookers PLC ::FY TURNOVER £4,880M VERSUS £4,696M.FY PROFIT BEFORE TAX £53.1M VERSUS £58.4M.FY ADJUSTED PROFIT BEFORE TAX £67.3M VERSUS £68.4M.FINAL DIVIDEND PER SHARE 2.60P VERSUS 2.48P.FY TOTAL NEW CAR TURNOVER DOWN 3.3% AND 3.0% ON A LIKE-FOR-LIKE BASIS, WITH GROSS PROFIT PER UNIT INCREASING.FY TOTAL USED CAR TURNOVER UP 14% AND SAME ON A LIKE-FOR-LIKE BASIS.GOOD START TO 2019 WITH ORDER BOOK FOR DELIVERY OF NEW CARS IN MARCH CONTINUING TO BUILD IN LINE WITH OUR EXPECTATIONS.USED CAR VOLUMES CONTINUE TO SHOW GROWTH AND FURTHER OPPORTUNITIES IN AFTERSALES.SAYS "WE REMAIN MINDFUL OF A PROLONGED PERIOD OF POLITICAL AND ECONOMIC UNCERTAINTY".ORDER BOOK FOR NEW CARS IN MARCH IS IN LINE WITH OUR EXPECTATIONS AND WE EXPECT TO MAKE FURTHER PROGRESS IN USED CARS AND AFTERSALES.CONTINUING POLITICAL UNCERTAINTY FROM BREXIT, NEGATIVE IMPACT ON CONSUMER & BUSINESS CONFIDENCE, HAS ADVERSELY AFFECTED DEMAND FOR NEW CARS.  Full Article

Wynnstay Properties Enters Deal With Unit Of Lookers To Lease Units At Basingstoke Property
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Wynnstay Properties PLC ::POSSIBLE DISPOSAL.ENTERED DEAL WITH UNIT OF LOOKERS TO LEASE UNITS 1 AND 2 AT PROPERTY FOR A PERIOD OF 9 MONTHS.  Full Article

UPDATE 2-UK Stocks-Factors to watch on Aug 14

Aug 14 Britain's FTSE 100 index is expected to open 21 points higher at 7,272 on Wednesday, according to financial bookmakers, with futures up 0.2% ahead of the cash market open.