UPDATE 1-Accident Exchange sees H1 loss, to cut costs; shrs fall

Newswire

* Uncertain of continuing to comply with banking covenants * Undergoing review with banker and asset backed lenders * H1 rental days rise 2.6 pct to 585,000 * See FY cost savings of 24 mln stg * Shares slump 28 pct (Adds details) Nov 27 (Reuters) - Accident Exchange , the British vehicle replacement group, expects to post a loss in the first half, hurt by higher settlement adjustments and a rise in provision for open claims. The provider of courtesy vehicles after accidents said ...

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