UK's Vertu Motors rises, expects annual results to beat market expectations
27/08/2026 08:04
BUZZ-UK's Vertu Motors rises, expects annual results to beat market expectations
** Shares of UK automotive retailer Vertu Motors VTM.L rose 4.7% at 90p
** 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)