Edition:
United Kingdom

Pendragon PLC (PDG.L)

PDG.L on London Stock Exchange

10.72GBp
23 Aug 2019
Change (% chg)

-0.08 (-0.74%)
Prev Close
10.80
Open
10.66
Day's High
11.34
Day's Low
10.62
Volume
1,284,277
Avg. Vol
997,295
52-wk High
28.90
52-wk Low
10.00

Latest Key Developments (Source: Significant Developments)

Pendragon Announces Disposal Of Chevrolet Vehicle Dealership In California
Friday, 16 Aug 2019 

Aug 16 (Reuters) - Pendragon PLC ::PENDRAGON PLC - DISPOSAL OF PUENTE HILLS CHEVROLET, CALIFORNIA.PENDRAGON PLC - GROSS ASSETS THAT ARE SUBJECT OF TRANSACTION AMOUNTED TO £42.0 MILLION AND LOSS PRIOR TO CENTRAL COSTS AMOUNTED TO GBP £0.6 MILLION.PENDRAGON PLC - TO DISPOSE OF TRADE AND ASSETS OF ITS CHEVROLET MOTOR VEHICLE DEALERSHIP LOCATED IN PUENTE HILLS, CALIFORNIA.PENDRAGON PLC - DEALERSHIP SUBJECT TO TRANSACTION FORMS PART OF COMPANY'S OVERALL US MOTOR GROUP.PENDRAGON PLC - PROCEEDS OF TRANSACTION WILL BE INITIALLY USED TO REDUCE NET DEBT.PENDRAGON PLC - CONSIDERATION FOR TRANSACTION IS EXPECTED TO BE APPROXIMATELY £17.2 MILLION, TO BE SATISFIED ENTIRELY IN CASH PAYABLE AT COMPLETION.PENDRAGON PLC - PURCHASER OF BUSINESS IS SCOTT BIEHL OPERATOR OF A PRIVATELY OWNED DEALERSHIP GROUP.  Full Article

Pendragon Says CEO To Leave, Postpones Strategic Update
Thursday, 27 Jun 2019 

June 27 (Reuters) - Pendragon PLC ::MARK HERBERT WILL CEASE TO BE CHIEF EXECUTIVE OFFICER AND A DIRECTOR OF COMPANY WITH EFFECT FROM 30 JUNE.DIRECTORATE CHANGE.COMMENCED A FORMAL PROCESS TO RECRUIT AND APPOINT A NEW CHIEF EXECUTIVE OFFICER.EXECUTIVE DIRECTORS MARTIN CASHA AND MARK WILLIS WILL LEAD BUSINESS ON A INTERIM DAY TO DAY BASIS.STRATEGIC UPDATE SCHEDULED FOR LATE SEPTEMBER WILL NOW BE POSTPONED UNTIL APPOINTMENT OF A NEW CEO IS CONCLUDED."BOARD REMAINS FULLY COMMITTED TO REALISING LONG-TERM STRATEGY".  Full Article

Pendragon Disposes Certain Dealerships In California
Thursday, 2 May 2019 

May 2 (Reuters) - Pendragon PLC ::US MOTOR GROUP - DISPOSAL OF CERTAIN DEALERSHIPS.HAS AGREED TO DISPOSE OF TRADE AND ASSETS OF ITS JAGUAR LAND ROVER MOTOR VEHICLE DEALERSHIP LOCATED IN MISSION VIEJO.DEALERSHIPS SUBJECT TO TRANSACTIONS FORM PART OF COMPANY'S OVERALL US MOTOR GROUP..CONSIDERATION FOR DISPOSAL OF TRADE, ASSETS OF ITS JAGUAR LAND ROVER DEALERSHIP IN NEWPORT BEACH, CALIFORNIA EXPECTED TO BE £31 MILLION.CONSIDERATION FOR DISPOSAL OF TRADE, ASSETS OF ITS JAGUAR LAND ROVER MOTOR VEHICLE DEALERSHIP LOCATED IN MISSION IS EXPECTED TO BE £29 MILLION.  Full Article

Pendragon says ‍for year to date revenue is up 6.7 pct
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Pendragon Plc ::PENDRAGON PLC - ‍REMAIN COMMITTED TO OUR STRATEGIC GOAL TO DOUBLE USED CAR REVENUE OVER FIVE YEARS TO 2021​.PENDRAGON PLC - ‍WE WILL BE SEEKING TO MAKE A SENIOR APPOINTMENT TO LEAD ALL ASPECTS OF OUR UK USED CAR OPERATIONS​.PENDRAGON PLC - ‍ARE CONDUCTING A STRATEGIC REVIEW OF PREMIUM BRANDS, TO EVALUATE BY MANUFACTURER INVESTMENT APPEAL OF THEIR FRANCHISE PROPOSITION​.PENDRAGON PLC - ‍WILL REVIEW CAPITAL REQUIREMENTS BY MANUFACTURER AND ONLY ALLOCATE CAPITAL WHERE WE SEE STRONG FUTURE PROSPECTS FOR RELIABLE RETURNS​.PENDRAGON PLC - ‍CONCLUSION OF STRATEGIC REVIEW OF US MOTOR GROUP HAS DETERMINED THAT THERE WILL BE NO FURTHER ACQUISITIONS IN USA​.PENDRAGON - ‍CONSIDERS WOULD BE APPROPRIATE IN LIGHT OF OUR CAPITAL ALLOCATION PRIORITIES TO ASSESS ONGOING VALUE OF US MOTOR BUSINESS TO GROUP.PENDRAGON PLC - ‍ANTICIPATE THAT OUR FULL YEAR UNDERLYING PROFIT BEFORE TAX WILL NOW BE APPROXIMATELY £60M​.PENDRAGON PLC - ‍ANTICIPATE RESUMPTION OF GROWTH IN PROFITS IN 2018​.PENDRAGON PLC - ‍FOR YEAR TO DATE OUR REVENUE HAS GROWN BY 6.7 PCT ON A LIKE FOR LIKE BASIS WITH USED REVENUE GROWTH OF 21.1 PCT​.PENDRAGON PLC - ‍FOR YEAR TO DATE OUR NEW GROSS PROFIT HAS REDUCED BY 10.2 PCT ON A LIKE FOR LIKE BASIS​.PENDRAGON PLC - ‍FOR YEAR TO DATE OUR USED GROSS PROFIT HAS INCREASED BY 2.1 PCT ON A LIKE FOR LIKE BASIS​.PENDRAGON PLC - ‍FOR YEAR TO DATE OUR AFTERSALES GROSS PROFIT HAS GROWN BY 3.0 PCT ON A LIKE FOR LIKE BASIS​.  Full Article

Car dealership Lookers hit by crumbling demand

British car dealership Lookers warned on full-year profit on Friday, saying trading was increasingly challenging and prompting a 30% fall it its already weak shares.