Lookers PLC (LOOK.L)
23 Mar 2018
March 7 Lookers Plc, Britain's largest car dealer, reported a 2.7 percent rise in annual profit on Wednesday despite the overall new car market shrinking for the first time since 2011.
March 7 British car dealer Lookers Plc reported a 2.7 percent rise in 2017 profit, with growth seen across all its businesses particularly its used car segment.
* WILL COMMENCE TO PURCHASE ORDINARY SHARES OF 5 PENCE EACH IN COMPANY FOR AGGREGATE PURCHASE OF UP TO £10 MILLION
* FY TOTAL NEW CAR TURNOVER UP 12% AND 3% ON A LIKE-FOR-LIKE BASIS DESPITE A REDUCTION IN OVERALL MARKET VOLUMES
LONDON, Nov 9 Major carmakers are reducing their sales targets in Britain by around 10 percent amid weakening demand, dealership chain Lookers said on Thursday.
* industry forecasts by society of motor manufacturers & traders (smmt) for full year are now at 2.57m, a reduction of 4.7% compared to last year, although this remains historically a very high level of registrations.