Pendragon profits lifted by acquisition

UK car dealership Pendragon posted a 71% rise in half-year profits today after benefiting from its business-transforming takeover of rival CD Bramall in March.

The Nottingham-based group – the UK’s largest car dealership – said the integration of the £230m (€348.4m) acquisition was going to plan while existing franchises, including Vauxhall and Ford, were performing well.