An Additional £2.5m To Be Pumped Into Electric Vehicle Chargepoints

Transport Secretary, Grant Shapps, has announced today that the government will be giving an additional £2.5 million to support the on-street residential chargepoint scheme.

Launched in 2017, the scheme is designed to increased chargepoint infrastructure across the UK to make it more accessible, for those who don’t have access to off-street parking, to charge their electric vehicles.

However, the Transport Secretary is keen to step it up a gear and pump more funding into the scheme to meet demand and meet the net zero emissions target by 2050 in the UK.

Vertu Motors Plc (LON:VTU) operates as an automotive retailer in the United Kingdom. The company sells new cars, motorcycles, commercial vehicles, and used vehicles, as well as provides related aftersales services. It operates a chain of franchised motor dealerships inluding Bristol Street Motors.

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Vertu Motors “has had a strong start to the year” says Zeus

22nd June 2022

Vertu Motors plc (LON:VTU) has released an AGM Trading update that communicates a continuation of the strong trading announced on 11 May. The trends of constrained supply and high margins continue. We leave forecasts unchanged today,

Vertu Motors appoint Bruce Clark as Chief Technology Officer

19th April 2022

Vertu Motors plc (LON:VTU), the UK automotive retailer with a network of 159 sales and aftersales outlets, is delighted to announce the appointment of Bruce Clark as Chief Technology Officer, a newly created role within the senior

Vertu Motors secure long-term interest in important Derby location

14th April 2022

Vertu Motors plc (LON:VTU), the UK automotive retailer with a network of 159 sales and aftersales outlets, has announced the purchase of the freehold and long leasehold interests in its extensive multi-franchise site located in Derby. The

Vertu Motors share buyback programme update

8th April 2022

Vertu Motors plc (LON: VTU) has announced that on 07 April 2022, it purchased 201,999 ordinary shares of 10p each in the Company on the London Stock Exchange, pursuant to the share buyback programme that was announced on 2nd March 2022 as

Vertu Motors shares clearly remain undervalued (Analyst Interview)

7th March 2022

Vertu Motors plc (LON:VTU) is the topic of conversation when Director and Head of Research at Zeus Capital Mike Allen joins DirectorsTalk. Mike explains how the company performed during the period, any changes this has meant to the forecasts,

Vertu Motors well placed to capitalise on the significant opportunities for growth

2nd March 2022

Vertu Motors plc (LON:VTU), the UK automotive retailer with a network of 159 sales and aftersales outlets, has announced the following update with regards to the five-month period to 31 January 2022 ahead of its preliminary

Vertu Motors awarded the Toyota franchise in the West of Scotland

16th February 2022

Vertu Motors plc (LON:VTU) has announce that Macklin Motors, the trading name for Vertu in Scotland, has been awarded the Toyota franchise in the West of Scotland from 1 April 2022. The Group intends to develop

Vertu Motors “great deal of growth potential and hidden value” says Zeus Capital

17th January 2022

Alongside its primary franchised dealerships businesses (Vertu Motors, Bristol Street Motors and Macklin Motors), Vertu Motors plc (LON:VTU) operates a number of ancillary businesses. These include car parts and accessories, cosmetic repairs, van retail broking to

Vertu Motors acquires two Toyota dealerships located in the East Midlands

13th December 2021

HIGHLIGHTS · Acquisition of two established, profitable Toyota dealerships located in the East Midlands, building the Group’s market share with this leading manufacturer. · The businesses will be branded Vertu and supported by the increasingly successful website, vertumotors.com

Vertu Motors forecasts upgraded by Zeus Capital increasing FY22 PBT by 7.7% to £70.2m

10th December 2021

Vertu Motors plc (LON:VTU) has released a trading update increasing FY22 underlying PBT guidance to “no less than £70m”, up from prior guidance of “at least £65m”. This was driven by new vehicle supply being better

Vertu Motors further upgrade of expected trading performance for FY22

9th December 2021

Vertu Motors plc (LON:VTU) has provided an update on recent trading activity and a further upgrade to the full year outlook. Group profitability in October and November 2021 continued to be delivered in excess of its business

Vertu Motors interim dividend of 0.65p to be paid on 21 January 2022

18th October 2021

Vertu Motors plc (LON:VTU) has confirmed that the interim dividend of 0.65 pence per ordinary share announced within the Company’s interim results on 13 October 2021 will be paid on 21 January 2022, rather than 22

Vertu Motors delivers record trading results

13th October 2021

Vertu Motors plc (LON:VTU), the automotive retailer with a network of 154 sales and aftersales outlets across the UK and a sector leading online presence, has announced its interim results for the six months ended 31

Vertu Motors: Capital allocation specialists

23rd August 2021

Vertu Motors plc (LON:VTU) has delivered another earnings upgrade driven by strong ongoing used car margins, in what is effectively an early delivery of the H1 pre-close update. Dividend payments will resume, and a share buyback

Vertu Motors strategically well placed to capitalise on the changes and opportunities in the UK motor retail sector

20th August 2021

Vertu Motors plc (LON:VTU) has provided an update on current trading and a further upgrade to the full year outlook, ahead of the announcement of its results for the six-month period ending 31 August 2021. The

Vertu Motors to present investor presentation

10th August 2021

Vertu Motors plc (LON:VTU), the UK automotive retailer with a network of 154 sales outlets, has announced that its management will host an online investor presentation and Q&A session on Tuesday, 17 August 2021 at 4.30pm.

Vertu Motors: Another upgrade

2nd August 2021

Vertu Motors plc (LON:VTU) has released an unscheduled trading update, delivering another earnings upgrade to 2022E, this time in excess of 30%. This is driven by the strength of the used car market, although we believe

Vertu Motors experiencing strong gross margin retention

29th July 2021

Vertu Motors plc (LON:VTU) has announced that, as a consequence of the continuing strong trading performance, the Group is providing an update on current trading and an upgrade to the full year outlook. Exceptional UK used

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