It is doubtless a positive to see that the Pendragon PLC (LON:PDG) share price has gained some 65% in the last three...
TR-1: Standard form for notification of major holdings
"The impact of Covid-19 has accelerated a review of the Group's future operating model... the Board has taken the decision to introduce a more efficient operating model with fewer stores and leaner support functions," the company said. The planned changes, which follow a review that was commenced before the pandemic, will cut annual costs by about 35 million pounds ($45.47 million), Pendragon said.