Rover dealer Vardy: Shares drop 3%

Shares in car dealer Reg Vardy today fell nearly 3% after it said it was likely to take a hit from the collapse of MG Rover.

Vardy’s stock fell 14.5p to 492p after it said it may have to make a one-off charge to its 2004/5 accounts as a result of the administration of the Longbridge car manufacturer.