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Imperial - Car buyers push earnings higher
11 May 2010
Imperial expected to report a 25 percent to 45 percent rise in full-year headline earnings a share, it said yesterday, sending its shares more than 5 percent higher. Imperial said earnings a share would be between 22 percent and 42 percent higher for the year to June. The company said the results were bolstered by its motor retailing unit, which was benefiting from cost cuts and improved demand. It said its car rental division would reap limited benefits from the World Cup.
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