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A number of investment banks including Goldman Sachs have pitched the auto parts retailer behind the Autobarn brand as a potential opportunity, sources said. ....
Burson Auto Parts turns 50 Burson Auto Parts turns 50 January 11, 2021 Aussie automotive aftermarket giant to mark golden anniversary this year Australia’s Burson Auto Parts will celebrate its 50th birthday in 2021, marking five decades of operations with a number of trade promotions and events throughout the year. The ‘true blue’ Burson Auto Parts success story started in 1971, when company founders Ron Burgoine (the ‘Bur’ in Burson) and Garry Johnson (the ‘son’ in Burson) began selling auto parts to Victorian automotive workshops from the boot of their cars. Since then it has become one of Australia’s biggest trade suppliers of automotive parts, tools, accessories and workshop equipment, with 190 stores nationwide, more than 1000 suppliers, 1800 staff and about 30,000 trade customers. ....
Why the Bapcor (ASX:BAP) share price is rocketing 9% higher today Bernd Struben | December 17, 2020 10:51am | More on: The Bapcor Ltd(ASX: BAP) share price is soaring higher, up 9.5% to $8.01 this morning, after the company released a favourable trading update to the ASX. What’s driving the Bapcor share price higher? Today, Bapcor provided a first quarter 2021 trading update revealing a sharp increase in group revenue. For the 5 months to the end of November, the company reported a rise in group revenue of approximately 26%. It indicated that a combination of lower interest rates, the contribution of Truckline (not included in the prior corresponding period) and less spending on discretionary expenses, like travel, saw net profit after tax (NPAT) achieve operating leverage. ....