Hi, we've made some changes

Lookers cautious about growth

Related Companies

Related Indices

Related Sectors

News for Spread Betters

PreviousPrevious
NextNext

There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here. Advertisement

Date: Tuesday 13 May 2008

LONDON (ShareCast) - Car dealer Lookers said it has started the financial year with a much stronger business compared to last year, but remains cautious about growth in new car sales.

"The group said the recently acquired Dutton Forshaw franchises and it aftersales business has to a large extent offset the more challenging market conditions in Northern Ireland," the group said in a company statement.

Earlier this month Lookers bought Bramall and Jones VW providing the group with an entry into the contract hire market.

Chairman Phil White said, "the continuing investment in our independent aftermarket parts division and the turnaround in the car supermarkets, will contribute positively to the outcome in the current year."

"We are clearly mindful of the current uncertainties within the UK economy but provided there is no further significant deterioration in the economy, we are still confident of delivering another year of growth in 2008 in line with market expectations."

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).