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The Latest Breaking News from Vertu

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

‘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

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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

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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

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

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

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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

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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

Birmingham Post

Motor retailer Vertu hails strong start to year despite consumer demand and supply uncertainty

The firm says it is expects to see new car supply - held back by supply chain and impacted production issues - to improve

The Guardian - UK

Digital dealers: is the online car sales revolution running out of road?

Sales model of digital disruptors such as Cazoo and Carvana fail to spark with buyers

Birmingham Post

Vertu Motors launches new share buyback programme of up to £3m

The Gateshead motor retailer's latest buyback programme follows a record year for the business in 'unprecedented' trading conditions

Evening Standard

Elon Musk hints Tesla may stop taking orders as supply chain problems bite

Inflation and supply chain issues continue to hit carmakers, with Toyota and Tesla both sounding the alarm.

Birmingham Post

Vertu Motors CEO hails record performance but warns of competitive times ahead

Robert Forrester also says the Gateshead headquartered group is working hard to tackle recruitment challenges

Birmingham Post

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

Firms announcing new arrivals and promotions this week include Richard Reed Solicitors, Hay & Kilner, NEL Fund Managers and Vertu Motors

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