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Inchcape in talks with bankers

  • Car dealer looks to raise money
  • Shares fall on news of talks
  • Global decline is blamed
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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.

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