Friday, May 23, 2008
Lookers 'best investment opportunity'
22 May 2008
Dealer group produces best shareholder return over three years
Lookers has been named as the best investment opportunity in the car retail sector at a European awards ceremony.
The Manchester-based dealer group produced the highest total shareholder return over a three-year period and was recognised for the achievement at the 2008 European Automotive Shareholder Value Awards.
According to PricewaterhouseCoopers, the event organisers, European dealers underperformed in both the car sales and parts supply markets over the one and three-year periods.
The average retail business posted combined returns of -46 per cent over a year and a slight growth of 2 per cent over three years.
DATED: 23.05.08
FEED: MT
Dealer group produces best shareholder return over three years
Lookers has been named as the best investment opportunity in the car retail sector at a European awards ceremony.
The Manchester-based dealer group produced the highest total shareholder return over a three-year period and was recognised for the achievement at the 2008 European Automotive Shareholder Value Awards.
According to PricewaterhouseCoopers, the event organisers, European dealers underperformed in both the car sales and parts supply markets over the one and three-year periods.
The average retail business posted combined returns of -46 per cent over a year and a slight growth of 2 per cent over three years.
DATED: 23.05.08
FEED: MT
