Car dealer Lookers predicts small profit after 2020 turbulence March 18, 2021 Car dealership Lookers this morning said that it was expecting a full year profit of £10m for 2020, beating analyst expectations of a small loss. Shares in the firm rose 5.4 per cent as markets opened this morning. In an update, the FTSE 250 firm said it was still working on its full accounts for [...]
FCA ends probe into car dealership Lookers March 2, 2021 The Financial Conduct Authority (FCA) has this morning closed its investigation into car dealer Lookers for the possible miss-selling of products. The regulator said that it would not impose penalties on the FTSE 250 firm, but said it had made its concerns clear about the “historic culture, systems and controls”. As a result, Lookers said [...]
Lookers switches auditor from Deloitte to BDO after £19m vanishes from its books December 10, 2020 BDO will be appointed the next auditor of vehicle retailer Lookers after a difficult final year with Deloitte that saw £19m vanish from its books. Lookers had been audited by Deloitte for the previous 14 years. The Big Four firm first began auditing the business on 31 December 2006. Lookers’ ran into trouble with Deloitte [...]