UPDATE 1-Michelin sees flat oper profit after rubber spike


(adds details) PARIS, April 28 (Reuters) - French tyre group Michelin on Monday cut its forecast for 2008 operating income and said it would forge ahead with cost cuts to offset the impact of pricier raw materials such as rubber and steel. The company said it expected its 2008 operating income before non-recurring items to be near that of 2007, while in February it had still expected to post a rise in 2008. Michelin said it expected a negative impact from the raw material cost rise in ...

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