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 ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Accident Exchange sees H1 loss, to cut costs; shrs fall" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×