Shares in major British car dealership Pendragon plunge after it warns that demand for new cars in the UK is slidingLatest: UK manufacturing growth slows, as bosses grow pessimisticBREAKING: Pendragon issues profits warning as consumer confidence wanesBusiness has deteriorated badly in the last quarterCompany blames “decline in demand for new cars”Pretax profits could fall to £60m; City expected £75mPendragon shares have hit a four-year low 2.54pm BST Analyst firm Langton Capital is also worried that profit warnings could accelerate in the next few months.Pendragon: Big ticket slump hits car sales. Not new news, bro? But shares down 18%. E&Y say profit warnings up in Q3. What about Q4? 2.47pm BST Over in New York, the US stock market has hit new record high.The average American family would get a $4,000 raise under the President’s tax cut plan. So how could any member of Congress be against it?If I give 10 apples to one person and no apples to nine people, the average person has one apple. Why are nine people mad at me? https://t.co/ezQWsReU6i Continue reading…
Via: Car dealer Pendragon issues profits warning; manufacturing confidence falls – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…