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Vertu Motors PLC Ord 10P (VTU)

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09-Oct-2019 04:38 PM

UK stocks drift lower but still finish up on the day

UK stocks drifted back slightly on Wednesday afternoon, but managed to close in positive territory on a slightly weaker pound which assisted exporters and hopes of a positive outcome to US-China trade talks. At 1630, the benchmark FTSE 100 index was up 2
09-Oct-2019 07:49 AM

Vertu Motors profit falls 7.1% amid pressure on margins

Auto retailer Vertu Motors reported a 7.1% fall in first-half profit as challenging trading conditions put pressure on car margins. Pre-tax profit for the six months through August fell to £16.1m, down from £17.3m on-year. Revenue rose 5.6%
05-Sep-2019 08:54 AM

Vertu Motors sees increasing price stability and 'in-line' FY profit

Automotive retailer Vertu Motors said it had seen a continuation of the market trends it set out in its July update, including increasing price stability in the general used vehicle market since that time. It therefore saw underlying pre-tax profit for t
24-Jul-2019 09:57 AM

Vertu Motors like-for-like sales fall 1%; management cautious on outlook

Auto dealer Vertu Motors its revenue had risen 5.4% in the four months through June on-year, though sales had slipped 1.0% on a like-for-like basis. Chairman Peter Jones said in speech notes for the company's annual general meeting that the company
24-Jul-2019 09:40 AM

Broker Forecast - Liberum Capital issues a broker note on Vertu Motors PLC

Liberum Capital today reaffirms its buy investment rating on Vertu Motors PLC (LON:VTU) and cut its price target to 52p (from 56p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
08-May-2019 07:48 AM

Vertu Motors profit slides 17% amid margin pressure

Auto retailer Vertu Motors posted a 17% fall in annual profit after higher sales were offset by margin pressure. Pre-tax profit for the year through February fell to £25.3m, down from £30.4m, even as revenue grew 6.7% to £186.1m. Adjus
10-Oct-2018 07:42 AM

Vertu Motors profit slides as weak pound hurts margins

Car dealer Vertu Motors booked a 29% slide in first-half profit as the weak pound hurt margins and it booked one-off profits on property sales in the previous year. Pre-tax profit for the six months through August fell to £17.3m, even as revenue ro
03-Sep-2018 09:15 AM

Vertu Motors trading in line with expectations in first half

Auto retailer Vertu Motors said it had continued to trade in line with trends outlined at its annual general meeting in July. Its performance was therefore tracking in line with management expectations, the company said in a short trading update. Vertu
25-Jul-2018 09:39 AM

Vertu Motors profit falls as costs offset rising revenue

Vertu Motors said it boosted revenue by 5.7% in the first four months of its financial year, though profits fell as costs rose. Like-for-like revenue in the fourth months to June 30 increased by 7.0%, amid improved used car sales volumes. The growth was
09-May-2018 07:59 AM

Vertu Motors profit falls on tough trading environment

Vertu Motors revealed adjusted pre-tax profit of £28.6m, down from £31.5m in 2017, which is reflective of a tougher trading environment for the year to 28 February 2018. HIGHLIGHTS - Aftersales and used cars represent 72.3% of gross profit (
25-Jan-2018 07:59 AM

Vertu Motors suffers in weak new car market

Vertu Motors, the automotive retailer, expects trading performance for the year ending 28 February 2018 to be moderately below current market expectations, following further declines in the new car market. In the four months to 31 December, like-for-like
11-Oct-2017 11:10 AM

Broker Forecast - Liberum Capital issues a broker note on Vertu Motors PLC

Liberum Capital today reaffirms its buy investment rating on Vertu Motors PLC (LON:VTU) and cut its price target to 60p (from 90p). Story provided by StockMarketWire.com...
01-Sep-2017 07:45 AM

Vertu Motors trading in line

Automotive retailer Vertu Motors said it has continued to trade in line with market expectations since the trading update provided on 26 July. On 31 August, the group disposed of its freehold Jaguar Land Rover dealership property in Leeds to a client of
26-Jul-2017 01:25 PM

All resolutions passed at AGM of Vertu

Vertu Motors has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:25pm: (LON:VTU) Vertu Motors PLC share price was -1.62p at 41.88p Story provided by StockMarketWire.com...
10-May-2017 09:17 AM

Vertu Motors lifts FY pretax profit, dividend

Vertu Motors has posted a FY pretax profit of £29.8m, up from £26.0m, with the record performance driven by improvement in recently acquired businesses, a strong used car performance and growth in higher margin service area. CEO Robert Forres
01-Mar-2017 07:27 AM

Vertu Motors sees FY trading in-line

Vertu Motors said in the five months to Jan. 31 it saw continued growth in volumes, revenue and profits, and sees its FY trading performance in line with current market expectations. It anticipated continued growth in revenues and profits. Vertu said to
06-Feb-2017 10:00 AM

Broker Forecast - Liberum Capital issues a broker note on Vertu Motors PLC

Liberum Capital today reaffirms its buy investment rating on Vertu Motors PLC (LON:VTU) and cut its price target to 90p (from 100p). Story provided by StockMarketWire.com...
12-Oct-2016 07:27 AM

Vertu Motors books record H1 pretax profit

Vertu Motors has booked a record H1 pretax profit of £18.7m, up 14.0% from £16.4m. It anticipates its FY results will be in line with market views. Interim dividend was hiked 11.1% to 0.5p a share, from 0.45p. Revenue rose 17.7% to £1.
01-Sep-2016 07:16 AM

Vertu Motors sees FY results in line with views

Vertu Motors has reported robust half-year trading and expects its full year results to be in line with market expectations with record revenues and profits. "Aftersales and used cars, from which the Group derives the majority of its profitability,
20-Jul-2016 07:26 AM

Vertu steady

Vertu Motors said, given the performance of the group to date and the ongoing integration and improvement of businesses acquired in recent periods, that directors expect FY performance will be in line with market views. Profitability in the four month pe
15-Jun-2016 10:40 AM

Broker Forecast - Panmure Gordon issues a broker note on Vertu Motors PLC

Panmure Gordon today downgrades its investment rating on Vertu Motors PLC (LON:VTU) to hold (from buy) and cut its price target to 60p (from 87p). Story provided by StockMarketWire.com...
09-Mar-2016 11:40 AM

Vertu raises GBP35m

Vertu Motors has announced the successful completion of the placing announced earlier today. A total of 56 million new ordinary shares of the Company of 10 pence each have been placed by Liberum Capital and Zeus Capital at a price of 62.5 pence per share,
08-Mar-2016 07:25 AM

Vertu trading ahead of views with record profits

Vertu Motors said its directors expect trading performance for the year ended Feb. 29 to be ahead of current market expectations, anticipating record revenues and profits in the period. In the five months ended Jan. 31, the Group saw continued growth in
25-Jan-2016 07:22 AM

Lookers sells three Honda dealerships

Car dealer Lookers has completed a transaction with Vertu Motors plc for the sale of three Honda dealerships in Derby, Nottingham and Stockton-On-Tees. The rationale for the sale is that Vertu already operate Honda dealerships in contiguous territories
23-Jul-2015 02:11 PM

Vertu Motors resolutions passed at AGM

Vertu Motors has confirmed that all resolutions proposed at its annual general meeting earlier today were passed. At 2:11pm: (LON:VTU) Vertu Motors PLC share price was +1.13p at 65.63p Story provided by StockMarketWire.com...
 
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