European dealer group Hedin has abandoned its takeover bid for Pendragon due to “challenging market conditions and uncertain economic outlook”. Pendragon announced it had received a second...

Trevor Finn has been confirmed as one of the backers of the Hedin Mobility Group takeover offer of Pendragon. He holds a 1.22% stake. Anders and Helena Hedin are also named, along with HHS Invest AB....

MOTORPOINT WARNS ON PROFITS CONFIRMED: TREVOR FINN IS BACKING HEDIN PENDRAGON DEAL CHINA NEW ENTRANT NIO IN 2023 UK LAUNCH NEW ENTRANTS REPORT OPEN FOR ORDERS INCHCAPE LAUNCHES BRAVOAUTO IN AUSTRALIA...

Pendragon faces its third successive shareholder revolt over executive pay at its AGM on 21 June. Shareholder advisory group Glass Lewis says management rewards are “inappropriate” and is...

It has emerged that Hedin Group tabled a secret 28p-a-share offer for Pendragon several weeks ago. Pendragon chair Ian Filby and the board rejected the approach. The offer would value Pendragon at...

Hedin Group has been building its Pendragon stake in recent weeks, leading to speculation the Swedish firm may be preparing a takeover bid for the 32-year old retailer. Under stock exchange rules,...

ORA CAT: £25k CHINESE EV COMING TO UK RETAILERS MAGNESIUM CRISIS TO HIT CAR PRODUCTION ‘SOON’ TELEIOS EXITS PENDRAGON ‘GREENWASH’ WARNING FOR BUSINESSES CAZOO EXPANSION CONCERN GM TO BUILD EV...

Trevor Finn has been one of the most well-known names in auto retail over the past 30-plus years. Having risen from apprentice mechanic to CEO of the UK’s largest dealer group, Mr Finn has,...

Pendragon is in discussions with restructuring advisers, three months after pausing the process following the departure of chief executive Mark Herbert. He had been in the role for three months after...

Pendragon has appointed Mark Herbert to succeed Trevor Finn as chief executive officer next month. Mr Herbert joins Pendragon following a 20 year career with Jardine Matheson Group across a diverse...

When I first started writing about the auto retail industry, just over 20 years ago, Pendragon was already established as one of the leading players. Its chief executive, Trevor Finn, was our...

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Pendragon has announced that its founder and CEO, Trevor Finn, is to retire from the company in the new year. In a statement to shareholders issued on Friday evening, the group said Finn had “agreed...

Profits and operating margins at Pendragon have taken another major hit as the group announced financial results for the half-year to end of June 2018. The group said its underlying profit before tax...

Two UK retailers reported to the market in February, Pendragon being first. Its figures for 2017 didn’t make for great reading. While revenue rose 5.1% to £4.65bn, gross profit fell 1% to £546.3m...

Brexit is a sea-change coming our way, and while there will be a rebalancing of economic activity, business will still be done. It’s one of the reasons why the Bank of England finally increased...

Pendragon has delivered financial results for the first half of 2017 ahead of expectations with revenue up 6.3% across all its businesses, and UK Motor revenue up 4.4% to £2.23bn. The growth was...

Record new car registrations in the first quarter may have been good for auto retail group profits but they seem to have had little effect on investor confidence in the sector. Performance in core UK...

UK motor businesses remained out of favour in April against a backdrop of High Street misery, slowing GDP growth and, of course, the national dinner table conversation – concerns over a potential...

Is the fear factor that’s gripping global financial markets bleeding into the UK’s listed motoring businesses? It seems prescient that shares in Pendragon, the country’s largest new and used car...