Pendragon share price crashes after profit warning
Nottingham-based car retailer Pendragon has seen its share price drop by almost a quarter after issuing a profit warning yesterday (12 June).
Nearly 24% has been wiped off the value of the company with shares dipping to 17.4p by mid-morning. By close of trading last night, prices had rallied slightly to 18.2p.
The news comes after Pendragon said it expects to make a small loss for 2019, with the first-half of the year expected to be “significantly loss making” ahead of returning to overall Group profitability for the second-... 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...