Autotrader shares hit as figures miss expectations

Autotrader has seen shares come under pressure because of lower-than-expected annual profits (Alamy/PA) -

Autotrader has seen shares come under pressure as lower-than-expected annual profits overshadowed plans to boost shareholder returns by £600 million over the year ahead.

The car-selling platform reported a 4% rise in operating profits to £392.7 million for the year to March 31, as revenues also lifted 4%.