UPDATE 1-Car dealer Pendragon cautious despite profit rise

Newswire

(Adds details, background, shares) LONDON, Feb 17 (Reuters) - Britain's biggest car dealer Pendragon Plc posted a 47 percent rise in annual pretax profit on Thursday and said it was cautious about its 2005 outlook. Pendragon, which specialises in prestige and luxury cars, said industry analysts were forecasting a slight dip in new car registrations in its main UK market this year compared to 2004. "Whilst we are being cautious on outlook at this early stage we are confident that we ...

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