Vertu Motors lifted by trading update

The price of shares in AIM-listed car dealership firm Vertu Motors (LON:VTU) has increased by 9.86% to 26.92p (as of 14:40 BST) after it outlined its current trading position. The company said that labour sales in April were around 20% of usual levels as a limited number of technicians continued to work on commercial vehicles and those required by key workers. Management said that plans for reopening fully were in place for once restrictions are lifted and that the business’ cash position remained good.