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Wednesday,23 November 2022 at 17:18
the motoring and bicycle business, has warned that full-year profits will be at
the lower end of forecasts amid higher costs and consumers spending less on
The company is rapidly expanding its car servicing operation, Autocentre, and
said this arm was performing strongly, but its retail outlets have been hit by
the cost of living squeeze.
Pre-tax profit in the six months to September 30 was £29 million, down from
£57.9 million a year ago.
U.K. & European
markets closed higher as investors digested euro zone economic
U.S. stocks were higher with
the Nasdaq gaining more than 1% on the final full trading day of the week for
Oil prices fell as
the G7 nations looked at a price cap on Russian oil above where the crude
grade is currently trading.
Gold priced higher.
At the close
FTSE 100 7,465 +0.17%
FTSE 250 19,500 +0.40%
DAX 14,427 +0.04%
Dow Jones 34,038 (-0.17%)
S&P 500 4,006 +0.06%
NASDAQ 11,208 +0.30%
UK 10-YR YIELD 3.010
Gold $1,742 +0.25%
Brent $84.25 (-4.58%)
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.