Page 23 - Mark Raban News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sales investigation dropped into national car retail giant Lookers but concerns raised The probe into Lookers plc was first announced in June 2019 Updated Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice An investigation into a Greater Manchester-headquartered national car retail giant has been dropped by the Financial Conduct Authority (FCA) - although concerns have been raised. The FCA, which firs...

The FCA has told Lookers does not intend to apply any sanction against the car retail group following the decision to close its investigation into the ‘possible mis-selling’ of regulated products.

Car dealership chain Lookers swung to a £50 million loss in 2020 as Covid-19 forced its showrooms to close for large parts of the year.

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Lookers drops to £50m loss after showrooms forced to close Car dealership chain Lookers swung to a £50 million loss in 2020 (Peter Byrne/PA) Car dealership chain Lookers swung to a £50 million loss in 2020 as Covid-19 forced its showrooms to close for large parts of the year. The company said its pre-tax loss followed a profit of £19.6 million in 2019. It was a big hit for the business, which also saw a 40% fall in revenue to a little over £1.6 billion in the financial year, down from £2.6 billion a year earlier. But Lookers signalled that it had seen a more hopeful second half, and exp...