Car sales firm Lookers issues profit warning amid political and economic uncertainty

Car sales firm Lookers has issued a profit warning just a week after if chief financial officer stepped down. The Altrincham based firm said a trading update that underlying profit before tax for the first half fell by £11m be approximately £32m compared to the same period last year. The firm has blamed uncertain market conditions and a decline in the new car market. Last week it was announced that Robin Gregson is stepping down after 10 years in the role. And last month shares in Lookers fell by almost a quarter after i... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...