NEWS

Lookers buy-out falls

THE proposed buy-out of dealer group Lookers as been abandoned resulting in its share prices slumping. The company’s shares plummeted 18 per cent or 12.5p to 57p after a buy-out from Trefick fell through. Earlier this month, the Trefick consortium led by property tycoon Jack Petchey issued an ‘indicative’ offer for the business. The offer [...]

	Lookers’ indicative offer
DEALER group Lookers has received an ‘indicative’ offer for the company, it has been revealed. It is believed the offer is 80 pence a share and is being led by property tycoon Jack Petchey. Lookers’ share price has already reacted to the news. It rose 9.4 per cent yesterday – the highest since May 2008 [...]

	Lookers’ share price rises
SHARES in Lookers have leapt by two per cent after the name behind last week’s unsuccessful take-over was revealed. Veteran property-tycoon Jack Petchey was the man behind the unsuccessful bid to take over the dealership group seeing shares in the company rise to 67 – up 1.25p. As reported by The Guardian, Petchey’s Trefick group [...]

	Lookers rejects takeover
CAR dealer group Lookers has rejected a speculative offer for the company today which saw its share price rocket. Shares in the company leapt 6p to 61.25p – adding more than £23m to its market value of £210.2m – as talk of the approach reached investors. The London Evening Standard reported that there were two [...]

	Dealers backing BEN
THE majority of the top ten dealer groups are now taking part in Dealers Backing BEN, the automotive charity has announced. Dealers Backing BEN is the charity’s flagship sustainable income initiative. Sytner, Inchcape, Lookers, Jardine Motor Group, Ford Retail, Vertu and Marshall have all signed up and in addition more than 20 other major organisations [...]

		Lookers’ profits triple
		DEALERSHIP group Lookers have announced their annual trading results showing their profits have tripled. The group revealed that they have finished the year with profits tripling to £31m, with revenue increasing by 7.7 per cent to £1.9bn. Over the last 12 months, the 119 dealership strong group sold more than 100,000 cars – 58,000 were [...]
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		Lookers’ positive forecast
		DEALER group Lookers has announced it has high expectations its full year results will beat forecasts. Lookers’ end of year trading update revealed that the first nine months and the final quarter of 2010 were strong for the group – reports The Liverpool Daily Post. Looker said: ‘We are pleased to report that trading during the [...]
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		Share Watch: The ups and downs of results season
		Over the past month there has been significant movement within the listed UK motor retailer stocks, along with a flurry of results announcements. Generally speaking the results disclosed for the first quarter of the year have been positive and this has led to an improved sentiment, although this has taken a knock in recent days. [...]
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		Vertu gets first Nissan
		VERTU has today exchanged contracts to acquire two Cheshire car dealers from Lookers plc. The dual franchise dealers are Macclesfield Renault and Ford, and Altrincham Renault and Nissan. Altrincham is actually the first time Vertu has run a Nissan car dealer. It also takes Vertu’s Renault representation up to 5, and Ford up to 20. [...]
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		BEN wins more support
		DEALERS Backing BEN continues to grow with Ford Retail the latest car dealer group to sign up. Ford Retail follows Lookers and Sytner in pledging support for the industry charity. Chris Hayden, chairman and CEO of Ford Retail Group, said: ‘Although we are already keen supporters of BEN this is a very well structured fundraising [...]
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		Lookers Kia opens doors
		KIA is now represented in Sheffield as Lookers starts trading from a new site on Saville Street East. Both Lookers and Kia have invested big in the new site, which features an 8-car showroom and extensive service facilities. It immediately becomes one of the biggest Kia dealers across the whole of Yorkshire. ‘We’ve been monitoring [...]
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		Dealer sold for £4.85m
		HATFIELD Lookers plc has a new site owner, as Spire Automotive Ltd pays £4.85 million for the prime site! ING Real Estate Investment Management is the firm enjoying the healthy cash boost after offloading the freehold interest. Spire Automotive is already an existing sub-tenant at the site, which encompasses three separate car dealer sites. Lookers [...]
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