Car giant to undertake review of company after profits crumble

Pendragon, the Nottingham-based car dealership giant which trades as Evans Halshaw and Stratstone, says it will undertake a "review of the operational and financial prospects" of the firm after posting a loss of £2.8m for the three months to 31 March. The firm said the figure was around £10m lower than it expected and was brought about by "challenging trading conditions" over the period. The firm said that its underperforming Car Store business and a higher level of operating costs also contributed to the poor performance. ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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