Lookers boss ‘ so sorry’ for loss

THE boss of car dealership Lookers has apologised “unreservedly” as long- awaited 2019 results revealed a £ 45.5million annual loss and a £ 21.8million hit from a cash expenses fraud.

The group’s balance sheet blow comes after investigations uncovered a cash fraud dating back several years in one of its divisions. The 2019 results show its annual loss compares with profits of £ 41.9million the previous year.

Executive chairman Phil White said: “As chairman of Lookers, I would like to apologise unreservedly to all our stakeholders for the uncertainty this has caused.”