Pendragon, the UK’s largest auto retailer, is refinancing using a fully underwritten rights issue as part of a move to improve its borrowing terms. The aim of the rights issue will be to raise...

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City analysts are expecting Lookers to be the latest auto retail group to launch a rights issue after the company admitted it was still considering “alternative sources of capital in order to...

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Shares in Inchcape rose strongly in mid-month and have continued to tick up since; but are still around half the value they were six months ago. Confirmation of a fully-underwritten rights issue eased...

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