Britain’s FTSE 100 is flirting. weighing on car sales – even setting aside the disruption caused by the new emission test regime. UK sales of new cars plunged by a fifth in September as new.
Car dealer Caffyns revved up on strong results. The group, which has 12 locations across Sussex and Kent, said revenue had grown 10.6 per cent to 232.5m in the year to March 31. Like-for-like.
European stocks motor ahead, VW rebound stalls. AFP. 25s benchmark FTSE 100 index rallied 2.46 percent to stand at 6,108.20 points in afternoon trading.. and while that may be true major corporates appear to be concerned enough to take steps.
The ftse 100 closed down 37.74 points at 7310.88 and the pound was at $1.27 against the dollar. In a further sign of the turbulence being experienced in the airline sector, budget airline Ryanair has.
Ryanair shares have fallen on the back of a gloomy outlook despite a 12% profit hike while the FTSE 100 failed to recover from this morning’s 1% fall.. of Motor Manufacturers and traders.
Britain’s main stock index and the mid-cap benchmark scaled new peaks on Friday, lifted by a wave of gains across equities worldwide, while a sharp fall in UK car sales hit some motor dealers and.
Pendragon’s Stratstone brand also holds franchises for cars such as Aston Martin and Ferrari, while Inchcape has deals to sell cars ranging from Kia and Ford up to luxury brands such as Aston Martin and Bentley. Last month, Inchcape saw its shares rise to a 7-1/2 year high after announcing a dividend ahead of traders’ expectations.
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The FTSE 100 index closed up 0.17%.. Pound weakens after latest Brexit talks stall in Brussels. higher at 7,196 while Germany’s DAX fell 0.28% and France’s CAC was down 0.16%.
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Pendragon PLC (OTC:PDGNF) is the UK’s largest car dealership. This cyclical stock has experienced considerable success over the last 12months, but with continued signs of economic growth in the UK.
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The UK car sector has issued a fresh plea for Brexit trade clarity, warning that "growth is stalling" with long-term production targets and investment at risk. The Society of Motor Manufacturers and Traders (SMMT) said manufacturing output was 13.7% down in June compared to a year ago when