Transaction Capital predicts headline loss of up to 375%

Shares in taxi financier and second-hand car dealer Transaction Capital dropped as much as 12% on Monday morning after its latest update, after a week in which it plunged about 70% before recovering a little on Friday. 

The company’s share price plummeted last week after it admitted in a trading statement that problems in the taxi lending business were structural, meaning they are likely to be more permanent in nature. ..

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