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City of London

Major Shareholder’s Inaction Ends Pendragon Bid: The London Rush

An employee sprays second hand cars for sale on the forecourt of an automobile dealership.

An employee sprays second hand cars for sale on the forecourt of an automobile dealership.

Photographer: Chris Ratcliffe/Bloomberg

Here’s the key business news from London-listed companies this morning.

Pendragon Plc: Takeover talks for the second-hand car retailer have ended after one of its top shareholders refused to engage with the bid.