Robert Forrester

Entity type image
Type: Person
Name: Robert Forrester
First reported May 21 2013 - Updated 6 hours ago - 15 reports

Vertu Motors announces £31m acquisition of its first Land Rover dealership

The Gateshead-based firm has also reported it had raised $50m through a placing of more than 130 million shares to support its bold ambitions to make further acquisitions to add to its outlets, now 100-strong.The firm has bought Albert Farnell Ltd, which ... [Published nebusiness.co.uk - 6 hours ago]
First reported May 20 2013 - Updated May 21 2013 - 1 reports

Aquila Group purchase of 3 Vertu Iveco dealerships

As previously reported in Motor Trade News, Aquila Truck Centres (Italia) Limited has exchanged contracts with Vertu Motors plc for the purchase of its main Bristol Street Iveco dealership in Avonmouth, and two satellite dealerships in Swindon and Gl ... [Published Motor Trade News.com - May 20 2013]
Entities: FIAT SpA, Aquila Ltd, Vertu
First reported May 21 2013 - Updated May 21 2013 - 1 reports

Vertu Motors FY pretax profit down 18.2% to £4.5m VTU

Vertu Motors' full-year pretax profit plunged 18.2% to £4.5 million, from £5.5 million,Revenue was £1.3 billion, up 15.7% from £1.1 billion a year ago. Its full-year dividend was 0.7p a share, from 0.6p. During the year it delivered almost 95,000 new ... [Published MoneyAM - May 21 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Vertu sells Bristol Street Commercials to Aquila

Iveco dealership Bristol Street Commercials is expected to be acquired by Aquila Group at end of May.The deal between the Bristol Street Commercials parent company Vertu Motors and Aquila was revealed by Vertu CEO Robert Forrester via twitter .He typed ... [Published Commercial Motor - May 17 2013]
First reported May 14 2013 - Updated May 14 2013 - 1 reports

Vertu Motors sells heavy trucks arm to Aquila Truck Centres

The Tyneside-based company carried out a strategic review which showed the group?s Iveco operations incurred an operating loss of $600,000 in the year ended February 2013, prompting the board?s decision to become an entirely car and light commercial vehicle-focused ... [Published nebusiness.co.uk - May 14 2013]
First reported May 13 2013 - Updated May 14 2013 - 6 reports

Vertu exits loss making Iveco truck business

Vertu Motors has exited from its loss making heavy truck business with the disposal of three Iveco sites to Aquila Truck Centres (Italia), a newly incorporated and wholly owned subsidiary of Aquila Group, the truck dealer.The disposal of the sales and ... [Published Motor Trader UK - May 13 2013]
Entities: FIAT SpA, Aquila Ltd, Vertu
First reported May 09 2013 - Updated May 09 2013 - 2 reports

Verastem Reports First Quarter 2013 Financial and Corporate Results

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Verastem, Inc., (NASDAQ: VSTM) focused on discovering and developing drugs to treat cancer by the targeted killing of cancer stem cells, today reported financial results for the quarter ended March 31, 2013, and also ... [Published Investors Business Daily - May 09 2013]
First reported May 09 2013 - Updated May 09 2013 - 1 reports

Police reach out to catch Dundee vandals

Police have reached out to the public after a spate of vandalism in the city centre and West End.Graffiti has appeared at various locations, including shutters in Brook Street and a door on South Tay Street.Community officers PCs Frank Sturrock and Robert ... [Published Tayside and Fife Courier - May 09 2013]
First reported May 02 2013 - Updated May 02 2013 - 1 reports

Newman’s $1m Legacy for Aussie Charities

$1 million is to be distributed to Australian charities as part of the 30th anniversary of the Foundation set up by Hollywood Star Paul Newman - Paul Newman’s Own- in Australia.Australian actors Hugh Jackman and Deborra-lee Furness are playing key roles ... [Published Pro Bono Australia - May 02 2013]
First reported May 01 2013 - Updated May 01 2013 - 1 reports

FLA is ‘steering’ buyers to better information

A new Finance & Leasing Association website, with a commitment to ‘steer car buyers to better information’, was due to be launched by the end of last month.At a House of Commons preview for motor finance executives Lorely Burt, Lib Dem MP for Solihull ... [Published AM Online - May 01 2013]
First reported Apr 23 2013 - Updated Apr 23 2013 - 1 reports

Volvo returns to Derby

Volvo is set to make a return to Derby after a three-year absence as Vertu Motors PLC opens its state-of-the-art dealership following a substantial investment.The outlet, at Sir Frank Whittle Road near Derby County Cricket Ground, is Vertu’s first Volvo ... [Published B Daily - Apr 23 2013]
First reported Apr 19 2013 - Updated Apr 19 2013 - 2 reports

Notice of results

Vertu Motors plc ("the Company") Vertu Motors plc, the fast growing automotive retailer with a network of 95 sales and aftersales outlets across the UK, will announce its audited results for the year ended 28 February 2013 on 21 May 2013. A meeting for ... [Published MoneyAM - Apr 19 2013]

Quotes

Mr Forrester said: "the results are pleasing because there are some really nice trends. the biggest trend is that we have grown adjusted operating profits from continuing operations by 31%, which reflects the fact that the significant number of acquisitions we have done over the past few years are starting to produce a return."
Forrester added: "we’ve also managed to bring in a number of very key institutions who have been very supportive. it would be unfair of me to name names but there’s a nice scottish institution in there."
...model to acquire dealerships with high potential for operating improvement over a four year period under Vertu's ownership," Forrester added. "we have grown the business to 96 sites at the end of february 2013, partnering with many leading motor manufacturers, selling close to 95,000 vehicles a year. "the acquisition we announce today already performs at a very high level and reflects our first entry into the exciting british premium marque of land rover." for the 12 months, vertu motors' profit before tax decreased 18.2% to £4.5m, from £5.5m pounds prior year."

More Content

All (49) | News (44) | Reports (1) | Blogs (1) | Audio/Video (0) | Fact Sheets (0) | Press Releases (3)
sort by: Date | Relevance
Vertu Motors announces £31m acquisition of its ... [Published nebusiness.co.uk - 6 hours ago]
Vertu Motors on acquisition trail in Scotland [Published Herald Scotland - 12 hours ago]
Vertu grabs £31m Land Rover franchise [Published The Scotsman - 14 hours ago]
Vertu buys Farnell Land Rover outlets for £31m [Published Motor Trader UK - 22 hours ago]
UK automobile retailing firm Vertu Motors to ac... [Published Retail Business Review - May 21 2013]
Vertu operating profit up 11.9% as it plans exp... [Published Dealer Update - May 21 2013]
Vertu Motors makes first foray into Land Rover ... [Published London South East - May 21 2013]
Vertu buys Co-Op's Land Rover sites [Published AM Online - May 21 2013]
Vertu's operating profits and sales increase as... [Published AM Online - May 21 2013]
Vertu Motors acquires Farnell Land Rover for £31m [Published Car Dealer Magazine - May 21 2013]
Co-op sells its last car dealership for £31m [Published Manchester Evening News - May 21 2013]
Car giant Vertu Motors in $31m deal [Published nebusiness.co.uk - May 21 2013]
Vertu drives off with Land Rover dealer [Published Insider Media Limited - May 21 2013]
Co-op sells Land Rover dealerships in £31m deal [Published Insider Media Limited - May 21 2013]
Vertu bolsters buying power amid rising sales [Published Business Quarter Magazine - May 21 2013]
Vertu Motors FY pretax profit down 18.2% to £4.... [Published MoneyAM - May 21 2013]
Aquila Group purchase of 3 Vertu Iveco dealerships [Published Motor Trade News.com - May 20 2013]
Vertu sells Bristol Street Commercials to Aquila [Published Commercial Motor - May 17 2013]
Vertu Motors sells heavy trucks arm to Aquila T... [Published nebusiness.co.uk - May 14 2013]
Verastem Posts First Quarter 2013 Financial and... [Published Individual.com - May 14 2013]
Trusted Dealers announces partnership with NFDA [Published Harrogate News - May 13 2013]
Vertu exits loss making Iveco truck business [Published Motor Trader UK - May 13 2013]
UK automotive retailer Vertu disposes non-core ... [Published Retail Business Review - May 13 2013]
Vertu disposes of heavy truck business [Published AM Online - May 13 2013]
Aquila Group swoops for Vertu truck operations [Published Insider Media Limited - May 13 2013]
Vertu offloads loss-making truck business [Published Business Quarter Magazine - May 13 2013]
Vertu Motors PLC : Disposal of Heavy Trucks Bus... [Published Investegate - May 13 2013]
NFDA takes majority stake in Trusted Dealers [Published Motor Trade News.com - May 10 2013]
NFDA acquires majority stake in Trusted Dealers [Published AM Online - May 09 2013]
Verastem Reports First Quarter 2013 Financial a... [Published Investors Business Daily - May 09 2013]
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Up And Down The Ladder… Job Changes [Published Pharmalot - Jan 25 2013]
Hired someone new and exciting? Promoted a rising star? Finally solved that hard-to-fill spot? Share the news with us and we’ll share with it others. That’s right. Send us your announcements and we’ll find a home for them . Don’t be shy. Everyone wants ...
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NEWMAN’S OWN FOUNDATION GIVES $2.4 MILLION IN P... [Published CisionWire - English - Jan 29 2013]
Verastem Promotes Chief Operating Officer Rober... [Published EON Health & Medicine - Jan 22 2013]
Verastem Promotes Chief Operating Officer Rober... [Published Business Wire Health News - Jan 22 2013]
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