UPDATE 1-Inchcape jumps on H1 results, 350 jobs to go

Newswire

* H1 profit 65.4 mln stg vs forecast range of 44-52 mln * To cut 350 jobs in Russia, eastern Europe * No car market recovery until "well into 2010" * Shares jump 13 pct as analysts' raise profit forecasts (Adds comments by CEO, analyst; shares detail, background) By Mark Potter LONDON, July 29 (Reuters) - Multinational car dealer Inchcape posted a better than feared 58 percent drop in first-half profit on Wednesday, helped by cost cutting, and said it was axing a further 350 jobs, ...

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