Lookers warns on profit on weaker car demand, shares skid
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(Reuters) - Car dealership chain Lookers warned on profits on Friday, a week after its finance chief stepped down, on weaker car demand in Britain, sending shares tumbling nearly 30%.The company is also facing an investigation by Britain's financial watchdog related to its sales processes over the last three years. It gave no further details on Friday.Lookers said trading in the quarter ended June 30 had proved to be "increasingly more challenging," pressured by cost inflation in the first half..