Edison Investment Research

Research results

Pendragon

Medicine begins to work

QuickView | Automotive Retailers | 25/02/2010

Pendragon has emerged from two tough years, having returned to profit and restructured its borrowings. The terms for a fund-raising were deemed unattr...

Underlying growth

Review | General Retailers | 27/05/2008

Last year’s problems at sector leader Pendragon have undermined City confidence across the sector, leaving shares undervalued. Vertu Motors is s...

Lookers

Qualities not recognised

Outlook | Automotive Retailers | 25/03/2008

The Lookers share price has underperformed badly over the past 12 months reflecting a combination of fears about consumer spending trends and difficul...

Meeting expectations

Quarterly Update - Trading update | General Retailers | 11/03/2008

Consumer spending fears and poor results from sector leader, Pendragon, have undermined the recent share price performance of Vertu Motors. However, t...

Lookers

Offering real value

Quarterly Update - Forecast update | Automotive Retailers | 12/12/2007

A combination of the credit crunch and another cautious statement from Pendragon has put further pressure on the share prices of motor dealership grou...

Lookers

Relentless progress

Review | Automotive Retailers | 10/09/2007

Fears about a continuing squeeze on consumer spending and a cautious outlook at sector leader Pendragon has undermined confidence across the motor ret...

Lookers

Still moving ahead

Quarterly Update - Trading update | Automotive Retailers | 04/07/2007

Lookers continues to respond positively to the challenges in the marketplace, with the group still on course to deliver increased profits in 2007. Se...

Lookers

Targets beaten

Outlook | Automotive Retailers | 16/03/2007

Results for the year to December 2006 fully vindicate the decision to reject last year’s bid from Pendragon. The quality of earnings continues ...

Lookers

Powering ahead

Interim Update - Interim results | Automotive Retailers | 07/09/2006

An impressive set of interim figures demonstrates Lookers to be well on course to deliver the forecast made at the time of the successful defence of t...

Lookers

Agenda for delivery

Update | Automotive Retailers | 04/05/2006

Having fought off the unwanted attentions of Pendragon, Lookers is set to deliver impressive growth over the next two years. The group has a clear gr...

Lookers

Reputation enhanced

Update | Automotive Retailers | 10/02/2006

The decision to withdraw from the battle for Reg Vardy comes as a disappointment to management, but Lookers has emerged from the experience with its r...