STOCK WATCH

MARSHALL Motor Holdings revved higher after selling its leasing arm to a subsidiary of the Bank of Ireland for £42.5m.

The firm, which was founded in 1979, said that it will now focus on its core vehicle-selling business as it continues to grow across the UK.

Money made from the sale will be used to reduce the company’s debt, which stood at £101.1m in June.

Shares yesterday rose 3.8pc, or 6p, to 166p.