Summary
CALIFORNIAN bush fires and tougher competition from the new car market forced Pendragon, Britain's biggest second-hand car dealer, to issue its second profit warning in five months.
The alert caused Pendragon shares to tumble 183/4p to 351/2p, as it said 2007 profits will be Pounds 12m lower then forecasts at Pounds 34m. It had knocked Pounds 20m off its annual target back in June.See the full content of this document
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Pendragon's Cars Stay On Forecourts
For 2008, the group is guiding for...
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