In today's podcast Adrian Lawrence our in house financial expert talks about Lookers plc and how their shares were relisted on Friday and straight away jumped 83%, there unsuspension was accompanied by an RNS which updated the market on trading, which has been ahead of expectations.
Lookers plc - stock code LSE:LOOK has had a rough time over the last year, a fraud was detected which led to the resignation of a number of its senior team including its CFO and chairman and there has been a change of auditors.   Better than expected trading combined with the appointment of a fresh experienced team has encouraged the market and resulted in the jump in the price.  It will be interesting to see how trading develops during February as the market gets closer to the re-opening of Lookers dealerships.
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