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The Latest Breaking News from Vertu

Vertu Motors warns of up to £5.5m hit to yearly profits from JLR shutdown

It was ‘disappointing for the industry’ to experience issues during September, a key month for vehicle number plates being changed, Vertu said.

Evening Standard

Bank of England warns of risk of AI market correction; gold hits new $4,000 an ounce record – as it happened

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this year

The Guardian - UK

BTCC Brands Hatch: Ingram becomes two-time champion with win in penultimate race

Tom Ingram clinches his second BTCC crown with win in the second race at the Brands Hatch finale

Autosport

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BTCC Brands Hatch: Cammish cruises to victory in opener

Dan Cammish eases to victory in the opener at the BTCC finale at Brands Hatch, as team-mate Ash Sutton loses more ground to Tom Ingram in title battle

Autosport

BTCC Silverstone: Lloyd takes win as Hamilton escapes fire

Independent racer takes breakthrough win for Restart in Silverstone BTCC opener

Autosport

Vertu hopeful of boost from Government’s £650m electric car grant

The car dealership said grants on certain electric vehicles will spur on demand as the wider new car market remains under pressure.

The Independent UK

Vertu Motors axes jobs and shuts showrooms on Sundays after Budget blow

It warned it was facing around an extra £10 million in wage costs in its next financial year from the Budget measures.

Evening Standard

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‘Drop in UK electric car demand is short term,’ car maker MG insists as sales surge 40%

Many will know it as a sportier stablemate of the defunct Rover brand. After a hiatus following Rover’s collapse, it was relaunched by its new owners and has grown quickly through keen pricing and a generous supply of cars

The Independent UK

30 things PC Gamer has outlived over the past 30 years

A salute to all the tech, toys, and trends that have fallen since 1993.

PC Gamer

Supply of electric vehicles exceeds demand even as Ulez expands, dealership Vertu says

Vertu said there was an “imbalance” in its pipeline inventory

Evening Standard

Eight North East organisations make top apprenticeship employers lists

Nissan, Hays Travel, Go-Ahead Group, Vertu and Intelect are among companies singled out for commitment to apprenticeships

Birmingham Post

Vertu Motors sees hike in new car sales as supply issues ease, but warns of future market uncertainty

The Gateshead motor retailer says the outlook remains unclear due to uncertainty of consumer demand

Birmingham Post

People on the move: key appointments and promotions of the week

Companies featuring in this week's round-up include Gentoo Group,

Birmingham Post

North East business life: charity, community and award events

Companies featuring in this week's round-up include Vertu Motors, Miller Homes, Kromek, NBS, The Inn Collection Group and The Dunelm Foundation

Birmingham Post

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Birmingham Post

Motor group Vertu confident as sales top £4bn for the first time

The Tyneside motor group said supply of new vehicles was easing after a period of difficulty

Birmingham Post

Motor retailer Vertu invests £2.7m in solar power to counter rising costs

The Tyneside firm, which as 191 sales outlets now, has also taken action to mitigate against interest rate fluctuations

Birmingham Post

The year in North East business: the 10 biggest deals of 2022

In the fourth of our reviews of the year in business, we highlight the 10 biggest deals involving North East businesses in 2022

Birmingham Post

North East deals of the week: key acquisitions, contracts and investments

Companies featuring in this week's round-up include Vertu, Fairstone and Fenwick

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Birmingham Post

Motor retailer Vertu seals biggest deal in firm's history with £120m South West acquisition

The Gateshead firm has added 28 dealerships as well as Ferrari to the group in the Helston Garages Group deal

Birmingham Post

North East deals of the week: key contracts, investments and acquisitions

Companies featuring in this week's round-up include My Property Box, QuantuMDx and Wastefront AS

Birmingham Post

North East motor group Vertu buys Yorkshire motorcycle dealership

Company CEO Robert Forrester said the deal was "financially and strategically" important

Birmingham Post

Vertu Motors to aid customers in cost-of-living crisis after posting profit fall in half year results

CEO Robert Forrester said he was pleased with the results and that Vertu has a strategy to aid customers in the months ahead

Birmingham Post

Vertu Motors notes headwinds in cost of living and vehicle supply issues

The automotive retailer with 160 sites across the UK said its customers would likely be impacted by rising energy costs and inflation in general

Birmingham Post

North East deals of the week: key contracts, acquisitions and investments

Notable deals have been announced this week by firms including Grid Finder, Tolent, MBL Solutions and Filtronic

Birmingham Post

Motor retailer Vertu adds online wiper blade business to growing group in £3.5m deal

Kidderminster based Wiper Blades Ltd has been acquired as part of a strategy to add businesses which complement the core group

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