Palliser - which owns about 4% of Pendragon's shares, versus Hedin's 28% stake in the business - wants to appoint three of its own board directors in a bid to "refocus on driving profitability" by ...

Pendragon’s investors would get £250mn for the motor business and be left with 83 per cent of the software business, valued at £150mn. That is a total of £400mn, some £47mn less than ...