Tough Conditions Put Brakes On Pendragon ; in Association with Rbs
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Summary
THE company which bought Sun-derland's Reg Vardy last year confirmed its business was feeling the heat from rising interest rates.
Pendragon, which operates 400 sites in the UK under the brands Evans Halshaw and Stratstone, said profits were likely to be reduced by around pounds 20m because of the impact of higher borrowing costs on consumer spending.See the full content of this document
Extract
Tough Conditions Put Brakes On Pendragon ; in Association with Rbs
The UK's biggest car dealership said the greater use of incentives by car manufacturers had put p...
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