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Lookers first-half profits dip in challenging environment

Car dealership Lookers posted a dip in first-half profit on Tuesday as it highlighted a "challenging" trading environment.

Mark rabanGlobal auto holdingsAlpha auto groupGlobal auto holdings limitedFirst half39 challenging 039Category allCategory market reportCategory company newsCategory news and announcementsCategory market pulseCategory sectorial retail trade

Lookers reports 8% revenue rise as takeover bid from Global Auto progresses

The AM100's third-largest car dealer group, Lookers, has revealed its first half 2023 trading secured 8% higher revenues year-on-year as it prepares for shareholders to decide whether to back a £504m takeover bid by Global Auto Holdings.

United kingdomMark rabanGlobal auto holdingsGlobal autoElectric brands

Improved supply of vehicles helps Charles Hurst owner Lookers

CAR seller Lookers said it had benefited from an improved supply of vehicles as it sold nearly 3,000 more new cars in the opening half of the year.

United kingdomMark rabanCharles hurstGlobal auto holdingsAlpha auto groupToronto based alpha auto groupGlobal auto holdings limitedCharles hurstMark rabanImproved supplyNew carsAlpha auto group

MARKET REPORT: Footsie breaks its longest losing streak since 2019

Investors breathed a sigh of relief as the FTSE 100 returned to positive territory following its longest losing streak for more than four years.

United kingdomUnited statesDavid kempMark rabanMichael hewsonNilesh sachdevToronto global auto holdingsDick sporting goodsRio tintoJohn wood groupRs groupAnglo americanSporting goodsNorth americaCake boxGlobal auto holdings

MARKET REPORT: RS Group rattled after target price is slashed

UBS lowered its rating on the stock to neutral from buy and slashed the target price to 800p from 1250p.

United statesCity ofUnited kingdomAirtel africaRaluca saceanuRio tintoGlobal auto holdingsAmerica ball aerospaceFrasers groupAmazon web servicesRs groupHigh streetEuronext dublinAuto holdingsArtemis investment managementMarket data

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