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Vertu Motors PLC Ord 10P (VTU)

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19-May-2021 02:27 PM

Stellantis to issue notice of termination for franchise dealer agreements

Stellantis has confirmed that it intends to issue the two years' notice of termination of the current franchise dealer agreements with Vertu Motors, on 31 May, 2021. In coordination with Stellantis, the group is currently undertaking expansion of t
12-May-2021 09:12 AM

Vertu Motors profit rises; eyes return of dividends

Auto dealer Vertu Motors booked a rise in annual profit but didn't pay a dividend, citing government support it had received during the year. Pre-tax profit for the year through February increased to £22.4 million, up from £7.3 million y
07-Dec-2020 07:42 AM

Vertu Motors buys outlets from Inchcape for £18.7m; trading ahead of budget

Auto dealer Vertu Motors said it had acquired a market area of 12 sales outlets in England from Inchcape for £18.7 million, giving it a significant exposure to BMW and Mini vehicles. The deal would also come with the assumption of manufacturer-used
20-Aug-2020 08:34 AM

Vertu Motors sees July surge in demand

Car seller Vertu Motors reported strong trading in July as lockdown measures were eased. The group achieved adjusted pre-tax profit of £7.4m for the month, which it said helped absorb £700,000 in restructuring costs associated with job cuts.
14-Jul-2020 07:36 AM

Vertu Motors posts profit in June; but cuts headcount by 6%

Auto dealer Vertu Motors said it posted a profit in June that exceeded its expectations after buyers returned following an easing of UK lockdowns. The company, however, also said that it had reduced it headcount by 6%. Adjusted pre-tax profit for the mo
03-Jun-2020 07:49 AM

Vertu Motors profit drops 71%; records losses in April and May

Auto retailer Vertu Motors booked a sharp fall in annual profit after it wrote down the value of its assets to reflect the impact of Covid-19 on future performance. Pre-tax profit for the year through February dropped 71% to £7.3m, even as revenue
03-Mar-2020 09:43 AM

Vertu Motors revenue reverses 2.7%; says trading in line

Auto dealer Vertu Motors said its revenue slipped 2.7% in the five months through January, putting it on track to meet its expectations for the year. In a trading update for the year through February, the company also said like-for-lie sales in the five
03-Mar-2020 08:50 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 50p (from 52p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
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...

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