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Lookers shares boom as stock finally readmitted to trading The FCA probe has been hanging over the firm since June 2019. Shares in long-troubled car dealership Lookers rose 90 per cent today as the firm’s stock was finally readmitted to trading. The FCA suspended shares in the auto firm back in July after failing to publish its full year results for 2019. The discovery of a £19m hole in its figures threw the firm into disarray and led to the resignation of auditor Deloitte. It has now been replaced by BDO. Having managed to publish its 2019 results in November, the FCA w...

3 people found this useful Lookers has recommenced shares trading on the London Stock Exchange following publication of interim financial results which revealed a £50 million loss in a COVID-impacted H1, 2020. The AM100’s second placed car retail group suffered a 40% decline in revenues, to £1.56bn, and a 355.1% decline on pre-tax profits, to record a £50m loss, during the six month period to June 30. The performance came in a period which saw it battle to restructure its operations amid an internal fraud and Financial Conduct Authority (FCA) investigations and included stalled talks o...

Click the thumbs up > Lookers has opened the UK’s second Polestar Space at Manchester’s Trafford Centre shopping mall as the rapid rate of new car retail location openings continues in ‘COVID-19 Lockdown 3’. Following on from the opening of the Geely-owned electric vehicle (EV) brand’s first range showcase store, through a partnership with the AM100’s Endeavour Automotive at London’s Westfield Shopping Centre, the new Lookers-run site has been established in Manchester’s key shopping location. Around 35 million people visit the Trafford Centre each year and the new facility ha...

British car dealership Lookers Plc on Wednesday named retail veteran Anna Bielby as the company's interim finance chief, filing in the role vacant since Mark Raban was promoted as chief executive officer in February.

British car dealership Lookers Plc on Wednesday named retail veteran Anna Bielby as the company's interim finance chief, filing in the role vacant since Mark Raban was promoted as chief executive officer in February.