Retail

Pendragon returns to profit after first-half loss

Pendragon's stores include this Renault dealership in Edinburgh operated by Evans Halshaw. The coronavirus pandemic has compounded troubles for UK dealers, which were already facing lower demand after Britain's decision to leave the EU. (www.andrewhatfield.co.uk)
R
By:
Reuters
September 29, 2020 12:17 PM

Pendragon posted narrower first-half losses on Tuesday, benefiting from lower costs and expenses even as revenue halved because of COVID-19 shutdowns.

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