Car dealer Pendragon predicts bleak year as it reports first-half loss
(The Guardian Business News)

Company cuts 300 jobs and blames political uncertainty for poor market conditionsPendragon, Britain´s biggest car dealer, blamed political and Brexit uncertainty as the company said its annual loss would meet its worst expectations and announced 300 job cuts.The company slumped to an underlying pretax loss of more than £32m for the six months to the end of June from a profit of more than £28m a year earlier. Including a £102m charge for the reduced value of its business and assets such as property, the first-half loss was £130m compared with a £21m profit the year before. Continue reading...