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Pendragon Shares News & Articles

Market Report: Competition watchdog to probe Cobham sale, Kingfisher profits fall, Pendragon in the red

A mixed day for corporate reporting leaves UK markets without firm direction in early trade on Wednesday as investors weigh Government intervention in defence contractor Cobham’s (COB) planned £4bn sale with stabilised oil prices. There is also ongoing interest in what the US Federal Reserve may do with interest rates Stateside later today. Market watchers had been anticipating a cut but ...

Market report: British American Tobacco biggest FTSE 100 faller on vaping growth, Reckitt Benckiser also down

UK stocks opened lower on Wednesday as protests in Hong Kong against a controversial China extraditions bill intensified, while US-China trade tensions lingered. The benchmark FTSE 100 index was down 27.02 points, or 0.4%, at 7.371.43. British American Tobacco (BATS) fell 2.8% to £29.84 as it guided for revenue growth in its new category business, which includes vaping, at 'around the ...

Why Vertu’s in reverse gear today, despite revving in with a rather reassuring update

Despite the headwinds facing the UK new car market, Vertu Motors (VTU:AIM) managed to trade in line with market expectations during an exceptionally difficult year ended 28 February 2019. So why then, are the lately unloved shares in reverse today, marked down 4.1% to 37p? The negative catalysts appear to be management’s understandable caution on the outlook ahead of Brexit, as well as ...
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