UK's Vertu Motors hits near 19-year high, sees annual results ahead of market expectations
27/08/2026 08:32
BUZZ-UK's Vertu Motors hits near 19-year high, sees annual results ahead of market expectations Updates
** Shares of UK automotive retailer Vertu Motors VTM.L rise 5.9% to 91.1p, highest since April 2007
** Co expects FY results ahead of market expectations, supported by strong September order intake that gives the board confidence in H2 trading
** Co says it traded strongly in the five months to July 31, with like-for-like revenue up 4.6%, driven by strong vehicle sales, fleet growth and aftersales performance
** Further franchise developments expected in coming months, VTU currently operates 18 sales outlets representing Chinese automotive brands including BYD and MG
** As of last close, stock up 37.8% YTD
(Reporting by Anushka Chourasia in Bengaluru)