Inchcape in talks with bankers
13 January 2009
- Car dealer looks to raise money
- Shares fall on news of talks
- Global decline is blamed
Shares in car dealer Inchcape fell yesterday, as news emerged that the multinational company was in talks to raise more capital to bolster its finances.
The talks, concerning a share issue, come after the company warned of 'an unprecedented decline' in its sales markets, which include Australia, Belgium, China Britain and Russia.
The company's shares yesterday closed down 6.2% at 42p.
de Vries Honda goes into administration
Car dealership de Vries was yesterday put into administration, resulting in 130 jobs being put at risk.
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