Tuesday, October 02, 2007
Pendragon to issue second profits warning?
Pendragon, the UK’s largest dealer group, could be about to issue a profit warning.
Press speculation suggests the giant car retailer may issue the warning on the back of poor September car sales.
According to a report in The Times, investment bank Dresdner Kleinwort has cut its target share price to 45p – almost a quarter below its current value.
DATED: 02.10.07
FEED: MT
