(HRO) HR Owen
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| 30-12-11 | PRN |
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H.R. OWEN PLC ("The Company") Director Shareholding We have been notified by Joe Doyle, a director of the Company, that on 28 December 2011 he acquired 40,000 ordinary shares of 50p each in the Company at a price of 66.5p per share. 30 December 2011 END More |
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| 31-10-11 | PRN |
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31 October 2011 H.R. Owen Plc Interim Management Statement and Trading Update The Board of H.R. Owen Plc issues the following trading update. Demand conditions in the luxury car market have deteriorated in recent weeks. In addition, the supply of certain important new model cars, for which customer orders have been received, has been adversely affected and will impact the final quarter of 2011. Accordingly, the Board expects that the Company will now record a small loss at the trading level for the second half of the year. The Board however remains satisfied that the Group will record a trading profit for the full year more in line with last year's performance. We continue to enjoy a strong balance sheet with positive cash balances ahead of budget. For further information please contact: H.R. Owen (020 7245 1122) Joe Doyle, Chief Executive Mike Warren, Finance Director Maitland (PR adviser to H.R. Owen) (020 7379 5151) Richard Farnsworth, Tom Eckersley END More |
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| 03-10-11 | PRN |
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3rd October 2011 H.R. Owen Plc, the luxury motor retailer, announces that Andy Duncan, Chief Executive, will be leaving the company in order to take up a position outside the automotive industry. Andy will remain with the business until the end of October during which time he will effect a handover to his successor. The company is pleased to announce that Joe Doyle will be joining the company as its new Chief Executive with immediate effect. Joe has extensive experience in the automotive sector, most recently as Regional Managing Director of HPI and Audatex, where he worked for a number of years in leadership roles. HPI is the market leader in the provision of vehicle provenance data to the UK Automotive sector, whose customer base includes vehicle dealers, insurance companies, banks and private consumers. Audatex is the leading global provider of software and services for the automobile claims processing industry, delivering solutions to car body repair shops, insurers and vehicle management businesses. Prior to this Joe worked in a range of sales and marketing positions in the automotive sector. As previously announced the Company has identified and begun to implement a strategy for growth by offering the very best luxury car experience in the world to its customers. The Board remains confident that this strategy will continue to be executed successfully under Joe's leadership of the company. Jon Walden, Chairman, said `We are delighted to welcome Joe to HR Owen. He has a proven track record in our industry and will continue the good work his predecessor has started.' Joe Doyle said `I am looking forward to leading the company through the next phase of its development as we begin to execute our strategy for growth.' As expected market conditions have deteriorated in the context of the current economic turbulence. Despite this overall trading remains in line with budget and we remain confident of achieving full year market expectations. The integration plans of Broughtons of Cheltenham are proceeding well following our recent acquisition. We continue to enjoy a strong balance sheet with positive cash balances ahead of budget. Ends….. For more information please contact: H.R. Owen (020 7245 1122) Jon Walden Maitland (PR adviser to H.R. Owen) (020 7379 5151) Richard Farnsworth, Tom Eckersley Notes to Editors: H.R. Owen H.R. Owen has evolved into the group it is today over a period of nearly 80 years. H.R. Owen operates a number of vehicle franchises in the luxury car market for both sales and aftersales, predominantly in the South East. These cover sales franchises and aftersales franchises for Audi, Aston Martin, Bentley, BMW/Mini, Bugatti, Ferrari, Lamborghini, Lotus, Maserati, and Rolls-Royce. The company has a long and prestigious history and can trace its foundations back to the formation by Harold Rolfe Owen who opened a dealership selling Bentley and Rolls-Royce cars in 1932. More information about H.R. Owen can be found on their website www.hrowen.co.uk END More |
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| 21-09-11 | PRN |
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H.R. Owen hires first ever Marketing and Customer Director to implement `Experience is Everything' strategy London - H.R. Owen Plc, the luxury motor retailer, is pleased to announce the appointment of Chris Harris to the role of Marketing and Customer Director. This is a new role for the company. It has been created as part of a wider restructuring of the business and is a direct result of H.R. Owen's strategy for growth as first announced in May. Chris is currently Global Brand & Marketing Strategy Director at Nokia and has been at the company since 2004. His most recent work has been focused on the renewal of the Nokia brand and the associated marketing strategy given the rapidly changing mobile market. Chris's time at Nokia also included four years as the Global Marketing Director at Vertu, Nokia's luxury mobile phone division. Chris has been in marketing since 1993 and has worked at various other companies including 3 UK, Thomas Cook and Proctor & Gamble Health & Beauty Care. Chris will sit on a new management board and will help to drive the `Experience is Everything' luxury strategy. His main focus will be to lead customer relations and customer communications, building and developing the value of the H.R. Owen brand in the eyes of customers. In addition he will build world class, digital communications and interaction capabilities to engage with existing and prospective clients. Chris will also oversee all marketing including promotions, events, advertising, direct marketing, and online activities. Chief Executive, Andy Duncan, commented: "Chris's appointment as our first ever Marketing and Customer Director is yet another step in implementing H.R. Owen's strategy for growth as announced in May, which included the recent acquisition of Broughtons and the opening of the Ferrari Atelier at the Berkeley. Ultimately Chris will develop models for managing our customers to maximise their lifetime value across our different brands and businesses. "He has significant senior level experience of marketing at both a strategic and operational level. He will bring high level leadership and help us to drive our industry leading ambitions. In particular, his experience of digital technology and customer relations in a luxury market will bring a major contribution to H.R. Owen's growth ambitions." Chris Harris added: `I am delighted about this opportunity to join a business with such exciting products and a really ambitious and dynamic strategy for growth. I look forward to the opportunity of working with my new colleagues to help H.R. Owen maximise its potential for growth in the years ahead.' For more information please contact: Maitland (PR adviser to H.R. Owen) (020 7379 5151) Richard Farnsworth, Tom Eckersley Notes to Editors: H.R. Owen H.R. Owen has evolved into the group it is today over a period of nearly 80 years. The Company operates a number of vehicle franchises in the prestige and specialist car market for both sales and aftersales, predominantly in the London area. These cover ten sales franchises and ten aftersales franchises for Aston Martin, Audi, Bentley, BMW/Mini, Bugatti, Ferrari, Lamborghini, Lotus, Maserati and Rolls-Royce. The Company has a long and prestigious history and can trace its foundations back to the formation by Harold Rolfe Owen who opened a dealership selling Bentley and Rolls-Royce cars in 1932. More information about H.R. Owen can be found on their website www.hrowen.co.uk END More |
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| 26-08-11 | ||||
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H.R.Owen (LON:HRO) - The new strategy
Thursday, Aug 25 2011 by Edison Investment Research http://www.stockopedia.co.uk/research/the-new-strategy-59472/ http://www.edisoninvestmentresearch.co.uk/?ACT=18&ID=5713 Aug 25th 2011 - Edison Investment Research today published a report on H.R.Owen (HRO.L, LSE:HRO, LON:HRO) entitled "The New Strategy". In summary, the report says: While it has drifted back from its highest levels, the H R Owen share price responded well to the publication of the review of operations at the time of its AGM. Action by management over the past two years has created a more stable business, with a clear strategy for the future. We have not adjusted our targets, but do look ahead with increasing confidence. |
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| 01-08-11 | ||||
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H.R.Owen (LON:HRO) - Bentley acquisition
Monday, Aug 01 2011 by Edison Investment Research http://www.stockopedia.co.uk/research/bentley-acquisition-58670/ Aug 01st 2011 - Edison Investment Research today published a report on H.R.Owen (HRO.L, LSE:HRO, LON:HRO) entitled "Bentley Acquisition". In summary, the report says: H R Owen has reinforced its recent strategy announcement with the acquisition of Broughtons of Cheltenham for a cash consideration of £1.5m. The group will pay goodwill of £1.1m; in addition it will repay a loan of £1.3m and assume the undisclosed bank overdrafts of the business. We expect the deal to be earnings enhancing from 2012 â it represents a strong strategic move for the future. |
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| 01-04-11 | ||||
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H.R.Owen (LON:HRO) - Back on course
Friday, Apr 01 2011 by Edison Investment Research 0 comments Apr 01st 2011 - Edison Investment Research today published a report on H.R.Owen (HRO.L, LSE:HRO, LON:HRO) entitled "Back On Course". In summary, the report says: As anticipated six months ago, with the 2010 interim announcement, the groups full year figures demonstrate that H R Owen is back on course. The franchise portfolio has been restructured, finances are firmly under control and a new CEO has been installed to lead the next stage of development. More detailed plans are due to be announced shortly, outlining the strategy for taking the group forward. http://www.stockopedia.co.uk/research/back-on-course-55406/ http://www.edisoninvestmentresearch.co.uk/ |
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| 08-06-10 | ||||
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I heard Nick had been wanting to get out / potentially sell up for awhile. Probably just an opportune moment. No idea while others followed
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