The Currency Wars and UK Motor Retailers

With Ireland on the brink of a bail-out and the US arguing over Exchange Rates with China, some say we’re on the brink of ‘currency wars’. If the US gets its way, what might be the effect on UK dealers? And what if it doesn’t? Read the article to find out.

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Pendragon shares continue to drift down

Prior to issuing their Interim Management Statement in October, Pendragon’s shares were drifting downwards and stood at 19.0p/share. They bounced back for a week or two, but have now returned to the pre-Statement point, even though it had plenty of good news and some analysts rate it as a buy. With only one more year fo their refinancing programme to run, time may be running out for the current management to regain investor coinfidence. Read on to find out more.

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