D'Ieteren slumps 10 pct on Avis warning

Newswire

BRUSSELS, June 27 (Reuters) - Shares of Belgian car importer and retailer D'Ieteren slumped more than 10 percent on Thursday after its car rental subsidiary Avis Europe warned of lower profits this year. The company's shares were down 10.5 percent at 188 euros in heavy volumes, with the stock trading at just over its daily average after one hour of trade. "It's after Avis Europe published a bad outlook for the near-term," a Brussels-based trader said, adding that: "It's bad news for Avis ...

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