Inchcape warns of lower 2020 profit on weakness in multiple markets
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(Reuters) - UK's Inchcape on Thursday warned of a small drop in 2020 earnings as the car dealer and distributor battles weaker demand in Hong Kong, Chile and Australia.The company, with operations in more than 32 international markets, said the impact of the coronavirus outbreak remained uncertain, but added it saw reduced footfall in Hong Kong, Singapore and Macau in February.Shares in the company fell 2.7% to 579 pence, hitting their lowest level since September.Inchcape becomes the first..