Lookers News
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06-03-2012
Car insurance group Admiral is due to report its full-year figures on Wednesday, with the market keen to see whether the unusually high frequency and expected cost of new large personal injury claims seen in the third quarter continued into the fourth quarter.
26-08-2011
A round-up of the biggest director deals today so far.
18-08-2011
Car dealership Lookers wants to use the cash to give it ammunition for acquisitions, in both the parts and motors divisions. Peter Jones, chief executive, believes it is a buyer's market at present and that sellers will seek it out. Making judicious acquisitions in today's climate would leave it well-placed when, or if, the economy recovers its vigour. However, the group in its present form is equipping itself well. Its orders for new cars in September are already greater than sales in the entire month last year. In any case, about a quarter of the group's business is made up of the resilient aftersales and parts divisions. In a further sign of confidence, the interim dividend was raised by a third to 0.8p a share. At about eight times next year's earnings, it might be worth taking Lookers for a spin, suggest the Times.
17-08-2011
Stocks are still under the cosh, with some weak employment data adding to the general malaise.
17-08-2011
Car dealer Lookers posted flat profits in the half year to 30 June as tough economic conditions and the removal of the government's subsidy scheme battered the new car market.
16-08-2011
The release of the minutes from the August meeting of the Bank of England's Monetary Policy Committee (MPC) will see the usual poring over the text for changes in phrasing nuances.
15-08-2011
Matrix recommends buying shares of North Falkland Basin-based oil and gas group Rockhopper Exploration following the positive resource update on Monday.
15-08-2011
Panmure Gordon has upgraded its rating on new and used car dealer Lookers from hold to buy ahead of the group's first half results due on Wednesday.
08-07-2011
A consortium made a tentative approach for car dealer Lookers at 80p a share, sought due diligence, reckoned the company had a couple of issues that made it worth less than that and offered 70p, we learnt yesterday from Lookers. The company rejected this, and the consortium said it would not bid. The world moves on, and Lookers shares fell 3¾p to 54p yesterday as the consortium's low-ball offer was revealed. The company is actually not doing that badly in today's trading environment. Lookers shares are on about eight times this year's earnings, but with profits looking flattish for the next couple of years at least, there seems no reason to chase, suggests the Times.
07-07-2011
New and used car dealer Lookers faced difficult trading conditions in its motor division in the second quarter as weak consumer confidence in the UK continued to weigh on sales.
12-05-2011
New and used car dealer, Lookers, said trading in the first quarter was ahead of budget but poor consumer confidence was hitting business.
09-03-2011
Manchester based car dealer Lookers said annual profit motored nearly three times higher as it made a strong start to 2011.
08-03-2011
After well received results from Aviva this week it will be the turn of fellow insurerPrudential to make a splash on Wednesday.
14-01-2011
Shares came off their lows ahead of the close, helped by an improvement on Wall Street, but still finished in the red, with miners among the fallers.
14-01-2011
A recovery on Wall Street has helped London narrow losses, although the leading index is in danger of ending the week below 6,000.
14-01-2011
FTSE 100 is now firmly in the red as miners retreat amid speculation that commodity hungry China may raise interest rates to cool inflation.
14-01-2011
The top share index is firmly in the red now after a rise in producer price inflation increased pressure on the Bank of England to lift interest rates.
14-01-2011
Leading shares are mixed at the outset leaving the blue-chip index barely changed.
14-01-2011
Lookers will beat its own expectations for the full-year and deliver results at the top end of analysts' forecasts after the car dealer's strong run continued through the fourth quarter.
29-10-2010
Car dealer Lookers will beat market forecasts this year after both sides of its business enjoyed a strong third quarter.
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