Avis Europe says year profits to drop

Newswire

LONDON, Dec 18 (Reuters) - Car rental company Avis Europe Plc said on Wednesday it expected its euro profit for the year to end-December to drop by around 15 percent from last year as a weak economy continued to affect its business. "In the absence of an international conflict, we would expect our leisure revenue to continue its recovery, however, with current trends and economic prospects we expect corporate activity to remain constrained into next year," the company said in a statement. ...

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