Marshall Motor Group has shocked the motor industry this morning with an unscheduled announcement revising its earnings forecast UP for the year.
The listed dealer group published a notice to the Stock Market at 7am saying it expects to make £15m profit this year – a dramatic rise from its previous prediction in August that it would merely break even.
Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.