Cattles Shares in Freefall After Profits Warning

Summary


WELCOME Finance firm Cattles saw its share price plunge by more than 60% yesterday after it warned profits were likely to be much less than expected.

The latest blow from the sub-prime lender follows a review into the adequacy of its bad debt provisions.

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Extract


Cattles Shares in Freefall After Profits Warning

Cattles said the process was still taking place but was expected to result in pre-tax prof...

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