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Lookers returns from suspension and jumps 83%

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Manage episode 283623786 series 2857298
Content provided by Adrian. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Adrian or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In today's podcast Adrian Lawrence talks about Lookers plc the UK motor dealership which was suspended for 6 months following an accounting fraud scandal. This resulted in the departure of the companies chairman and CFO and their replacement with a new team of experienced industry professionals. Their auditors have also been replaced.
Their return trading accompanied by a positive RNS led to the share price jumping 83% as the market reacted positively to their cost reduction and restructuring efforts. Also trading has been ahead of expectations which is very positive considering the dealerships network has been closed for long periods during the UK lockdowns.
You can learn more about Reporting Accounts from our website which can be found at https://www.reportingaccounts.com

  continue reading

48 episoade

Artwork
iconDistribuie
 
Manage episode 283623786 series 2857298
Content provided by Adrian. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Adrian or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In today's podcast Adrian Lawrence talks about Lookers plc the UK motor dealership which was suspended for 6 months following an accounting fraud scandal. This resulted in the departure of the companies chairman and CFO and their replacement with a new team of experienced industry professionals. Their auditors have also been replaced.
Their return trading accompanied by a positive RNS led to the share price jumping 83% as the market reacted positively to their cost reduction and restructuring efforts. Also trading has been ahead of expectations which is very positive considering the dealerships network has been closed for long periods during the UK lockdowns.
You can learn more about Reporting Accounts from our website which can be found at https://www.reportingaccounts.com

  continue reading

48 episoade

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