Friday, Oct 17, 2008
Car dealer
yahoo: Inchcape issues profit warning, job cuts
The group said trading conditions have deteriorated significantly in the UK and are weakening in a number of its other markets due to the events in the financial markets and weaker consumer confidence.
It expects these factors will result in current trading conditions remaining tough for the rest of 2008 and throughout 2009.
Inchcape will undertake a "substantial overhead reduction programme" to "right-size the business" in the light of current difficult conditions.
Posted by mark @ 01:45 PM (151 views) Add Comment
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